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Growing Piano Business, Turnkey FL Operation

Florida
Asking Price:$499,000
Gross Revenue:$629,000
Rent:$3,400/Month
Established Year:2011
Cash Flow:$129,000
Inventory:$294,000
FF&E:$20,000
Listing ID: 2263798Listing provided by BizBuySell
BUSINESS DESCRIPTION

Established Florida Business with Statewide Reach

Exciting piano business helps to bring music into the lives of many homes! As well as churches and institutions. New pianos, digital pianos and keyboards from top makers, where we have exclusive representation of key makers with wide distribution areas, as well as a highly competitive used piano business. Discount items keep a steady customer base when other music businesses slow down, while unique high-end products make some months amazingly profitable. We also provide piano services, and boast an excellent staff to provide tuning, repairs and piano moving services. Great reputation with a 14 year history of treating customers as we want to be treated, has led to much repeat and referral business. Lessons offered too. Music business, music education, music instrument, baby grand, keyboard, classical piano, quality used piano

DETAILED INFORMATION
Location
Florida
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,600
Lease Expiration
01/07/2025
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Includes full owned inventory to cover every price range, 150 units, plus all piano moving equipment necessary for moving and storage, and all office furnishings needed to run business. Large workshop is stocked with most parts needed for repairs. Includes transfer of lease through June 2025, and company could relocate if needed. Transport equipment can be sold separately if needed, including truck and outfitted trailer.
Competition
No competitors in closest market, broader circle of competition focuses on different price points, which give our business a unique advantage. Market has remained fairly steady in high and low economic times because of our unique offerings in the industry.
Growth & Expansion
Growth opportunities abound through outside venues, or franchise possibilities. Services can be extended geographically, ana additional product lines have frequently been offered. Some product categories have unlimited supply opportunities at low cost. Business has grown with modest advertising, which could be increased substantially for wider market share.
Support & Training
We can train in running the operation for 2-4 weeks as needed.
Reason for Selling
We want to sell it.
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Ellen Dwyer
Phone Number
Ellen Dwyer
Call Phone