After 25 successful years, the current owner is retiring, presenting an excellent opportunity to acquire a well-established and profitable local guitar business in the heart of the affluent and historic city of St Albans.
The business offers 3 revenue streams from one premises:
- The retail of new and used guitars
- The delivery of guitar lessons on evenings and weekends
- The servicing, maintenance and repair of guitars through an onsite workshop
Key Highlights:
- Strong local brand with an excellent reputation
- Large, loyal customer base
- Majority of sales from repeat business and referrals
- Solid supplier and contractor relationships with favourable trading terms
Included In The Sale:
- Leasehold premises on a 10 year lease which expires 2032, rent review in 2027.
- The premises has forecourt parking for 5-6 cars.
- Workshop tools, machinery, fixtures, and fittings
- All materials, coursework and instruments for teaching
- EPOS and IT systems
- Customer and supplier records
- Stock currently valued at £60k
Products:
- Acoustic, classical and bass guitars
- Guitar amplifiers, pedals and accessories
- Yamaha range of digital pianos and Clavinova
- Ukulele, banjo, mandolin and resonator
Brands:
- Yamaha
- Martin
- Fender
- PRS
- Kala
- Sigma
- Cort
- Tanglewood
Staff & Handover:
Current owner works part time in the business in a largely administrative role. Additionally, there are 3 full time and 3 part time employees and an average of 7 freelance guitar tutors. The retiring vendor is willing to provide transitional support to ensure a smooth handover.
Summary
This is an ideal opportunity for someone who doesn’t want the challenges of starting a business from scratch. It would benefit from a focussed and committed sales and marketing effort to take it to the next level, but there are plenty of opportunities to expand.
