Business for sale

Business description

This music shop is ideally located in an attractive courtyard off the main high street in Southwell Nottinghamshire.

Surrounding businesses within the courtyard include a toyshop, children’s clothing, a gallery, specialist jewellery and artefacts shop, a country pursuit store and a greengrocer.

There are excellent parking facilities in the area including free on street parking.

Southwell is an affluent Nottinghamshire town famous for its Minster and other tourist attractions and benefits from excellent transport links with access to the A1M at Newark and the city of Nottingham accessible via ‘A’ road.

THE BUSINESS
Advent Business Sales have been instructed to offer to the open market this established niche business.

Established in 1998 by the current vendor it is now reluctantly offered for sale due to the vendor’s family commitments.

This music business stocks a range of brass instruments woodwind and guitars as well as a range of sheet music, including a large range of educational music.

Our client is a main dealer for:
. Encore Guitars
. Tanglewood and Freshman Guitars
. Golden Apple Educational Music
The business has experienced growth year on year and has a loyal customer base from the local town and the surrounding villages and the vendor has voluntarily registered the business for VAT to encourage sales of educational music to and though schools in the area.

Due to the unusually large stock of educational sheet music, customers have been drawn from a larger geographical area than normally expected.

EXPANSION POTENTIAL
There is excellent potential for further growth within the business including an Internet site potentially to sell educational music to the whole of the UK.

Also holding seminars to local teachers, which have proved successful for the current vendor but have unfortunately been restricted due to the amount of time that the vendor has been enable to dedicate to this.
TRADING HOURS
Tues – Fri: 9.30 – 4.30pm
(Closed for lunch 1.45pm – 2.45pm)
Sat: 9.00 – 2.00pm
Sun – Mon: closed
BUSINESS PREMISES
An attractive and easily managed shop premises with the added security of an alarm system and consisting of the following:

Ground Floor
. Doorway leading into main shop area, carpeted throughout with original beam ceiling
. Display shelving for music to left side
. Serving counter/desk to rear
. Guitar and instrument display to right hand wall
. Display cabinet and further racking to rear
. Door through to store cupboard
TENURE: Leasehold
Current Lease: 3 years
Lease Remaining: 1 year
Review every: 3 years
Annual Rent: £2,750 + VAT per annum

We are advised that the annual business rates are currently: £510.00 per annum