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Established Musical Instrument Retail and Repair Business

Cook County, IL
listing image
Asking Price:$374,000
Gross Revenue:$1,010,042
Cash Flow:$143,059
Listing ID: 2278676Listing provided by BizBuySell
BUSINESS DESCRIPTION

Premier Wind Instrument Sales, Rentals & Repairs - SBA Prequalified

This well-established retail and repair business has been serving the musical needs of the Chicagoland area for over 15 years. Specializing in the sales, rentals, and repairs of wind instruments, the business has earned a strong reputation for its high-quality service and unique product offerings. Originally founded as a repair shop, the business quickly expanded to include the sales and rentals of both new and refurbished instruments. The shop's focus on high-quality repairs allowed it to carve out a niche market, offering customers a blend of new, used, and consignment instruments, as well as essential accessories.

The business operates from a strategic location in a leased multi-unit strip mall, with potential opportunities for expansion or relocation. The store is well-known among local schools and individual musicians, generating a loyal customer base through word-of-mouth and strategic advertising partnerships with educational institutions. The business’s revenue is primarily driven by instrument sales, which make up 62% of total income, complemented by rentals and repair services.

With a seasoned team in place, including skilled repair technicians and retail staff, this business is poised for continued growth. One promising avenue for expansion includes launching a music lessons program, capitalizing on the existing space and customer demand. The current owner is selling due to health reasons but is committed to a smooth transition, offering flexible training periods to ensure the new owner’s success.

DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Facilities
This business operates out of a leased multi-unit strip mall, with an option to extend the lease or purchase the building for expansion. The assets include specialized equipment for product repair, such as a 90-gallon ultrasonic cleaner, and a variety of new and used instruments for sale or rent. Additionally, the business uses proprietary technology for inventory and customer management, and maintains a well-stocked inventory of instruments and accessories.
Competition
The business is well-established in the Chicagoland area, serving a loyal customer base that includes both individual clients and educational institutions. Despite the presence of several competitors in the region, this business has carved out a niche with its emphasis on repair services, which few competitors offer. The business benefits from steady referrals and has a strong online presence, expanding its reach globally.
Growth & Expansion
There is significant potential for growth, particularly by introducing a music lessons program, which would generate additional revenue and increase foot traffic. The existing facility has space that can be converted into lesson studios with minimal investment. Expanding online sales, offering more product lines, and possibly relocating to a larger or more strategically placed facility could also drive growth.
Financing
Potential SBA Loan Eligibility
Support & Training
The seller is committed to providing flexible transition support. Initial training for 2-3 months will be provided, focusing on operational processes, industry-specific knowledge, and software systems. The seller is open to extending the transition period up to a year, depending on the buyer’s familiarity with the industry.
Reason for Selling
The owner is selling due to health issues and a desire to step back after 15 yea
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Reid Klos
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Reid Klos
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