Business for sale

Business description

Advent Business Sales is pleased to have
been instructed to offer to the market this
very popular and well established music
store with excellent future potential.
Founded over 14 years ago and in the hands
of the current owner for the last 7 years, it is
only now being reluctantly offered for sale
due to the vendors plans to retire.
The shop offers an extensive range of goods
including:
• Keyboards
• Brass and woodwind instruments
• Music books
• Many accessories
They also offer a repair service for brass,
woodwind, strung and electric instruments
and will accept orders for any item which is
not currently in stock.
The business has a loyal local customer base
made up of semi professionals, families and
nearby schools, it also has an excellent fully
operational web site with links to many of
its world wide famous suppliers.
The vendor staffs the business, which that
achieves annually sales to the value of
£200,255 with a gross profit of £76,295.
We are advised that stock at cost is
approximately £30,000.
REF: 8911SG
TRADING HOURS
Mon-Wed: 9.30am – 5.30pm
Thurs-Fri: 9.30am – 6.30pm
Sat: 9.30am – 5.30pm
Sun: 9.30am – 4.00pm
EXPANSION POTENTIAL
There is excellent potential to increase sales
and profits further by having internet sales,
advertising, private tuition lessons, closer
ties with nearby schools, arranging finance
and by pushing drum and electronic sales, for
which there is little local competition.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £200,000
Gross Profit: £76,000
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Ground floor lock up premises with CCTV
and Redcare alarm system,briefly comprising
of:
Ground Floor
• Side entry door with a large
attractive window display, into the
main sales are which is carpeted
throughout
• Side wall with extensive double
stacked range of guitars
• Centre display of drums, keyboards,
amplifiers and guitars
• Gondola with good selection of
music books
• Full wall display of accessories
• Corner counter with till
• Rear storeroom with kitchen and
w/c
TENURE: Leasehold
Original lease: 15 years
Remaining lease: 2.5 years
Review every: 5 years
Rent: £14,750 pa
We are advised that the annual business
rates are currently: £5,500
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.