Beloved Music Store Provides: Gear, Lessons and Venue w/ $100K Inv.!!!

Los Angeles County, CA
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Asking Price:$150,000
Gross Revenue:$739,029
Rent:$10,927
Established Year:1989
Cash Flow:$4,197
Inventory:$100,000
FF&E:$83,420
BUSINESS DESCRIPTION

This fast growing business was established in 1989 and is located in northern Los Angeles County.

It is prominent in the community and is a combination of music store, music school, repair shop, and performance venue.

It was established in 1989 and underwent a transformation in 2019.

This business offers professional music lessons with a facility housing 10 lesson rooms, including those equipped with acoustic drum sets and electric pianos/keyboards. Additionally, they feature a performance venue, "The Stage Door," which includes a full grand piano, acoustic drum set, amplifiers, a PA sound system, professional stage lights, and can accommodate up to 60 seated or 80-100 standing attendees.

They pride themselves on offering a comprehensive service that includes education, a variety of musical instruments, a massive e-commerce store, and professional repair services. They maintain a significant online presence and engage with customers through platforms like Reverb, Instagram, Facebook, and TikTok.

An award winning business, they hold the award as one of the Top 10 Music Stores in the World voted by the NAMM Foundation in 2022 and secured a Top 100 Music Stores in the World Award voted by the NAMM Foundation.

Additionally, there are a number of ground-breaking partnerships in the work that will likely set the business up for many years to come!

If you have a passion for the arts and want to be a part of the journey from getting started to stardom – this is the business for you!


DETAILED INFORMATION
Location
Los Angeles County, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
6,800
Lease Expiration
01/03/2025
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business has a leased location of 6,800 square feet with a total monthly rental of $10,927. The seller is active in business with 14 PT employees. Hours of operation are M-Th 10am-8pm, Friday 10am-6pm, Saturday 10am-5pm (Monday-Saturday). Included in asking price are $100,000 in inventory and $83,420 in equipment and fixtures.
Financing
Seller will consider all offers.
Support & Training
4 weeks
Reason for Selling
Other Business Interests
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Michael
Preston
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Michael Preston