22-year established Guitar Store/Music School in Jersey City
Asking Price: | $70,000 |
Inventory: | $55,000 |
FF&E: | $10,000 |
Gross Revenue: | $240,000 |
Rent: | $4,100/Month |
Established Year: | 2002 |
Opened in 2002, Metropolis Music is Jersey City's only music store and music school. Located downtown near the Grove Street PATH station it has an excellent location, and plenty of walking traffic. The store has a good sized showroom, 6 lesson rooms, and a repair shop. Currently have about 120 weekly students, and good longtime capable employees. Current owner/repair tech is very well known locally and is willing to stay on for repairs if interested. Very unique retail business with very stable sales over the years, and huge potential to move into online sales and virtual lessons.
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