Sold. Musical Instrument Retailer

Musical Instrument Retailer

Ref.AH081
Location Buckinghamshire
Asking Price £ 95,000

With a prominently located franchised retail outlet established early in 2004, this shop could be described as an Aladdin's Cave of musical instruments. They carry a huge range of acoustic, folk, Celtic and world musical instruments to try out and compare.

The staff are friendly and knowledgeable and are always happy to give pressure-free advice on the huge and varied stock of new and used musical instruments and extra items that are always in stock.

The shop is a mere six minutes from J14 on the M1 and in a lively old town which has become part of the Milton Keynes conurbation. There is free car parking outside and behind the shop.

As a specialist niche supplier the shop is well known, not just locally, but to a wider geographic area as well, with customers regularly visiting from 2-3 hours drive away. The business offers a full range of folk and acoustic instruments that includes violins, mandolays, banjos and guitars. This is a real musicians shop.

The business also offers a full instrument repair service and has the services of an experienced repairer and restorer who is a violin maker by trade and so violin repairs and restorations are a specialty of this shop.

As a franchisee of a major international group the business benefits from advertising and buying power of the larger group while still retaining the personal service and local touch of the independent. Franchise fees are moderate with only 1% of gross turnover payable for advertising and slightly less than 1% payable as the franchise fee. Costs that are easily recouped through the level of advertising, both media and internet and from the savings made on purchasing stock etc. This provides a strong and financially advantageous base for the business, both now and for the foreseeable future.

Unfortunately the owner needs to re-locate for family reasons, thus offering this superb retail opportunity for sale to an aspiring musician or interested business person

Expansion Potential
Interest in music and musical instruments is a constantly growing area of society, with people starting not just as children, but with adults of all ages, looking for ways to decrease stress and increase leisure and pleasure times. This means that the current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.