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Music Store for sale

Omaha, NE
Asking Price:$400,000
Inventory:$300,000
Established Year:1997
Gross Revenue:$1,000,000
Rent:$2,947.45/Month
Listing ID: 2244566Listing provided by BizBuySell
BUSINESS DESCRIPTION

Thompson Music is a retail Music Store in NW Omaha

Small, family owned music store specializing in pro brass instruments. We also do instruments music lessons and school rental instruments. Our website is thompsonmusic.com and we are know worldwide as a pro shop for brass players. We are authorized dealers for all the major brands of brass instrument manufacturers including Bach, Conn, Eastman, Greenhoe, Schilke, Shires, Stomvi, Yamaha and more. Thompson Music exhibits at the Midwest Band and Orchestra Clinic, The Midwest Trumpet Festival, The National Trumpet Competition, The International Trumpet Guild and the International Trombone Festival.

DETAILED INFORMATION
Location
Omaha, NE
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,625
Lease Expiration
31/12/2028
Employees
5
Facilities
We have 4 lesson studios that are accessible without entering the store. This allows for lessons outside of store hours. 24' 34' Showroom. 12' x 12' Office, Large warehouse area with shelving. Instrument repair shop. All of the shelving, computers, 2 pianos, shipping supplies, store fixtures and a large ultrasonic cleaner stay.
Competition
We are in the NW corner of the fastest growing part of Omaha with new schools being added
Growth & Expansion
We are in the NW corner of the fastest growing part of Omaha with new schools being added. If the new owner is interested is growing the school music and instrument rental part of the business then this is a great location. Our music lesson studios are growing and we get good exposer in our shopping center with a swim school, dance school and 3 restaurants. Cons would be that there are a lot of online stores these days but we have a very good online reputation.
Support & Training
The current owner is willing to stay on for the necessary transition time to be negotiated.
Reason for Selling
Owner is at retirement age
BUSINESS LOCATION
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Michael Thompson
Phone Number
Michael Thompson
Call Phone