Listing Number: 9525-468774
Description
For over 25 years, this neighborhood music store has provided lessons, rental instruments, and offered a full line of music gear for beginners to professional musicians in Northern Virginia.
This business has been working with area schools for many years and offers students a full line of name brands including Strobel, Eastman Back, Yamaha, and Jupiter. The store has a variety of music teachers as well as repair specialists on staff, many of whom have been with the company from the start.
For intermediate and professional musicians, the store carries a wide array of name brand guitars, keyboards, percussion, amplifiers, PA gear, and all the accessories needed to perform live.
The business has an excellent POS system that tracts rentals, lessons, equipment, and instrument sales. It can provide accurate sales tax and inventory reports, and outputs to QuickBooks for accounting. An outside CPA firm provides quarterly reconciliation, payroll, and tax preparation.
The Seller has decided to retire but will stay for a period of time to ensure a smooth transition. Seller is offering multi year financing for the bulk of the purchase with a very low interest rate.
Listing Details
- Price: $899,000
- Down Payment: --
- Sellers Discretionary Earnings: $152,000
- Total Sales: $890,000
- Location: Withdrawn, Virginia
- Inventory: $500,000
- FF&E: $150,000
- Employees: 4
- Year Established: 1999
- Reason for Selling: Other business interest
- Category:
