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Music Instrument Shop and Online Business For Sale:
Located in a desirable East Yorkshire Market town, enjoying prime town centre trading position. A destination business with an excellent reputation having been established and trading for nearly 20 years.
Currently run by a husband and wife team (without the need for extra staff). The business has a strong bricks and mortar shop and comes with excellent e-commerce website that exports musical instruments worldwide.
The business is currently main dealers for Korg, Yamaha and Casio keyboards and Tanglewood, Guild, Ibanez and Aria guitars. The business has a large stock of music books and accessories which is popular with local residents and visitors to the town.
The business also runs a music school from the four rooms above the shop with a team of self employed tutors providing over 80 music lessons per week and there is still scope to extend this part of the business.
The business benefits from a low rent of £145 per week including a useful private car parking space behind the shop.
Sales for 2017 exceeded £85,000 with a Gross Profit of over £56.000 and a gross profit margin (GPM) that exceeded 55%
Sales for the first 6 month of 2018 have seen an increase of £10,000 on the first 6 months of 2017 with a GPM exceeding 60%.
The business has minimal overheads and this is a reliable profitable business with a genuine reason for sale as the current owners wish to retire.
Leasehold £20,000 plus stock at value
A new 3 year lease
£7,000 per annum
High Street Location
Brick built Shop with two retail sales area and four teaching rooms
The music school could be expanded
No local competition
Mon- Sat 10am until 5pm
two weeks full time training if required
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