Retail Musical Instrument Business for Sale - San Francisco Bay Area
Asking Price: | $999,000 |
Inventory: | $1,000,000 |
FF&E: | $100,000 |
Gross Revenue: | $1,852,906 |
Rent: | $13,000/Month |
Established Year: | 1976 |
The Business is located in a vibrant community in the San Francisco Bay Area, California and is a well-established retail store specializing in musical instruments, accessories, lessons, repairs and related services. With a legacy of over 46 years, the business has built a strong reputation for quality products, expert customer service, and a welcoming atmosphere for musicians of all levels.
Key Highlights
1. Prime Location: Strategically situated in a high-traffic area with excellent visibility and accessibility, attracting local musicians and enthusiasts.
2. Diverse Product Portfolio: Offers a wide range of musical instruments including guitars, keyboards, drums, brass and woodwind instruments, accessories, sheet music, and more.
3. Established Customer Base: Enjoys a loyal customer base comprising musicians, music educators, schools, and community organizations.
4. Expertise and Service: Staffed by knowledgeable professionals passionate about music, providing personalized recommendations, lessons, instrument repairs, and maintenance services.
5. Strong Financial Performance: Consistent revenue and profitability with potential for further growth through targeted marketing initiatives and expanding online sales channels.
Business Details:
- Location: San Francisco Bay Area, California
- Founded: 1976
- Ownership: Corporation
- Facility: 4,000+/- Square Feet, well-designed showroom, lesson rooms, storage, and repair workshop areas. Current monthly lease rate $11,255.00 +NNN , with lease expiring April 2030.
- Inventory: Comprehensive inventory of musical instruments, accessories, and related products. ($1,000,000.00+)
- Financials: 2023 Gross Receipts $1,852,906.00. Financial statements available upon signing a non-disclosure agreement (NDA).
Opportunities for Growth:
1. E-commerce Expansion: Enhance online presence through e-commerce platforms to reach a wider customer base beyond the local market.
2. Marketing Initiatives: Implement targeted marketing campaigns leveraging social media, email marketing, and collaborations with local music communities.
3. Product Diversification: Explore opportunities to expand product offerings based on customer demand and market trends.
4. Educational Programs: Develop music education programs, workshops, and events to engage and attract aspiring musicians.
Sale Terms:
- Reason for Sale: Retirement/Transitioning to other ventures.
- Assets Included: Inventory, fixtures, equipment, customer database, branding, and goodwill. ($2,000,000.00+)
- Transition Support: Seller willing to provide training and support during the transition period.
- Confidentiality: Interested parties required to sign an NDA for access to detailed financials and business information.