Asking: 990,000
Gross: 1,564,534
Cash Flow: Financials Are In House
F.F&e: 325,000
Inventory: 450,000
Business Summary
Award Winning Music Store – 3 Locations For Sale
Santa Barbara Stores Can Be Sold Seperately For 790K Including 300K Inventory, And North County Store Can Be Sold For 100K + Inventory
• Established And Owned Since 1973!
• Specializing In:
O Retail Sales Of Top Quality New/Used Guitars, Basses, Drums, Mandolins, Fiddles, Auto Harps, Cymbals, Amplifiers, Music Books, Accessories, And More!
O Exclusive Guitar, Violin, Mandolin, Auto Harp, And Banjo Repairs
O Guitar, Bass And Drum Lessons For All Ages And Levels.
O Sound Equipment Rentals
• 450 Students To Date Receiving Music Lessons
• The Instructors Are Independent Contractors Who Pay Rent For Their Music Studios.
• All Locations Have Ample Parking
• Approximately 775,000 In Extensive Quality Inventory/Equipment Included In Sale.
• Informative, Easy To Navigate Website.
Sale Is Highly Confidential. Please Call For Non-Disclosure Agreement To Receive Introductory Package/Photos. Financials Are In House And Available Upon Request. .
General Information
Year Established: 1973
Employees: 9 + 18 Independent Contractors.
Facilities: Each Store Is Very Organized, Clean, With A Fun & Welcoming Atmosphere. Knowledgeable And Friendly Staff In Place. The 2 Stores In Santa Barbara Are In A High Traffic Area With Many Shops And Restaurants. The Third Store In Northern Santa Barbara County Is Located In A Busy Shopping Center And Also Does Sales Of Drums/Percussions Instruments.
First Store: 2500 Square Feet @ 2.15 Psf + 870 Nnn = 7,136 Total Monthly Rent
Second Store:2535 Square Feet @ 1.83psf + 490 Nnn = 5,134 Total Monthly Rent
Third Store: 1420 Square Feet @ 1.91 Psf + 500 Nnn = 3,213 Total Monthly Rent
Market Outlook
Competition: Very Limited Local Competition
About The Sale
Financing: Owner Would Prefer An All-Cash Transaction.
Support/Training: Sellers Will Train - Training Period To Be Negotiated In The Business Purchase Contract.
Reason Selling: Retiring.
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