Musical Instrument Parts And Repairs

Walworth County, WI
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Asking Price:$1,950,000
Gross Revenue:$458,181
EBITDA:$33,070
Real Estate:$330,000
Cash Flow:$91,586
Inventory:$975,000
FF&E:$100,000
Established Year:1986
BUSINESS DESCRIPTION

This listing is for a well-established, profitable musical instrument repair business located in southeast Wisconsin that is available to a qualified buyer. For over 30 years, this business has specialized in the repair and parts for a wide variety of musical instruments. This business features essentially four departments that operate under a single company all working in concert with each other. The first and primary focus, is the repair and refurbishment of old and/or broken instruments and making them just like new. The second department is for plating. They have several plating tanks for silver, gold, nickel and chrome. These tanks allow the products to have a customizable appearance and look like new. In addition, the third aspect of the business is their vast catalog of necessary parts, proper tools and equipment for brass and woodwinds as well as a large selection of cases for all instruments. Finally, the last part of the business is their vocational education. The business offers courses on musical instrument repair for students looking to get into the industry or those that just want to learn how to fix and upgrade instruments. They have an outstanding reputation in their marketplace and have a large base of loyal customers. This business offers a buyer a six-figure income with over $1,000,000 in asset value to be transferred with the sale of the business. This includes their real estate which is valued at $330,000. Their business was greatly affected by the COVID shutdown in 2020 and is still experiencing difficulty with continued shutdowns. If you would like more information about this business opportunity, or if you would like to schedule a site visit, please contact the agent either by phone or online. Online inquiries will be replied to with an email from an @marvingroupllc.com address with an NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us within 24 hours (weekdays), please contact us by phone.


DETAILED INFORMATION
Location
Walworth County, WI
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
7,600
Employees
18
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Seller owns the real estate and it is included in the asking price. 600 sq ft. office space. 5,000 sq ft. shop floor. 2,000 sq ft. upstairs. Valued at $330,000
Competition
Little Competition, Competitive Pricing, Excellent Reputation, Superior Service and Selection, Loyal Base of Customers
Growth & Expansion
Advertise, Add New Products & Services
Support & Training
Owner will train the buyer for 4 weeks at no cost.
Reason for Selling
Retirement/Will stay on for 1-3 years if necessary
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Tommy Farmer
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Tommy Farmer