Profile: Small Town Music Store In Beautiful Area For Sale.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Spencer
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| Primary Phone: |
707-485-7664 |
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| Alternate Phone: |
707-621-0493 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/10/08 |
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| Date Last Revised: |
11/19/08 |
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| BizBen Ad #: |
132793 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$390,000 |
| Down Payment: |
Negotiable |
| Annual Revenue: |
$725,000 |
| Annual Adjusted Net: |
$70,000 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
Yes |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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This Music Store Has Been In Business For 5 Years In The #6 Best Rated Small Town In America, Ukiah. It Is Located Where The Northern Most County For Vineyards Meet The Redwood Country In The Northern Ca Mountains. It Has Enjoyed A Minimum Of 18-28% Growth A Year Since We Opened. It Is The Largest Music Store In 2 Counties And Has Taken On Between 5 To 10 New Lines A Year, Each Year Including Fender, Yamaha, Roland, Schecter, Ibanez, Digidesign, Takamine And Many More.
We Are Known As The Community Building Music Store With A Solid Dependable Staff, A Family Of Employees Who Are Trusted And Respected In Our Area. We Not Only Sell And Rent About Any Music Instrument Including Pianos, We Also Have A New Music School "Treblemakers", A Summer Outdoor Concert Series "Acoustic Cafe", A Summer Rock Camp For Kids And Are The Largest Supplier Of Instruments, Music And Accessories To All The Regional Schools. We Just Remodeled And It Looks Great. There Is A Large Repair Shop & Spray Booth, Three Storage Rooms, A 2000 Sq Ft Warehouse, About 2200 Sq Ft Of Floor Retail Space Not Including The 1000 Sq Ft Of Wall Retail Space Which Are Covered With Gear. The Business Operates Within Quickbooks Pos 7.0 With A Linked Four Computer Network.
There Are Two Buildings Now Being Leased. The Main Retail Location On The Main Street Of Town, With Storage, Shops And Back Concert Area Is About 7500 Sq Ft Total. We Are On A 6 Year Lease At 1500 A Month With The Lease Going Up 50 A Month A Year. The Warehouse Space That Holds Storage For Pianos And The School And A Performance Space Is 2000 Sq Ft And Is 1100 A Month On A Rotating Two Year Lease. The Two Spaces Are Three Blocks Apart.
We Are On The "Main Drag" of The City In The County Seat Of Mendocino County. Mendocino County Is The Size Of Scotland In Land Mass With 90,000 Residents Total. We Sell To Mendocino And Lake Counties Respectively.
There Are Three Other Stores In The County. The Oldest Only Has One Employee, The Owner And Will Likely Close In The Near Future As He Will Retire Probably Retire. He Only Offers Some Small Core Lines And Is In Scaling Down Mode, Not Expansion. No Threat. The Second Store Is A Guitar And Amp Only Store Of About 600 Sq Ft That Is Very Small. No Threat. The Only Other Store Is On The Coast At 200 Sq Ft And Only Sells Strings, Minor Accesories, A Dozen Guitars And Thats It. Zero Threat. We Bought Out Three Stores In The Last Four Years With One Being The Largest In Lake County.
The Big Opportunity Right Now Is The Just Being Built School And Recital Space. The Numbers Are Very Encouraging And The Space Will Be Great For The Area As Several Teachers Want To Be A Part Of It. There Is A Great Space Right Downtown That Would Work Great If A New Owner Wanted To Expand And Get 100% More Foot Traffic. It Is The Old Sears Store With 12,000 Sq Ft.
It Is Time For Me To Move On And Do Something Else Now That It Is Purring Along. This Store Not Only Offers Revenue, It Also Offers A Quality Way Of Life In One Of The Most Beautiful Areas In The Country. Few Stores Anywhere Will Have This Vibe.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Spencer at 707-485-7664 or 707-621-0493 |
Business For Sale Photos
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