Priced to sell, this long established and profitable music business is a privately-owned family business run under semi mgt.
The business sells a wide variety of musical instruments for beginners, students, and professionals and has a strong Tuition School income stream.
Positioned in two key locations allows servicing of a very large capture area.
This is a strong and resilient Covid Proof business with consistent results. Recent average sales are in the range AUD $1.7m to $2m per annum.
Key Features include :
-Long term competent staff have extensive music knowledge and retail experience.
-Stores well located on main street CBD
-Long standing relationships with numerous local schools
-Excellent network with local musicians, teachers, luthiers, music production and industry personnel
-Proactive and regular social media interactions
-Trusted and Reputable business established 26 years.
-Functional showroom & storage areas.
-Trading 7 days per week at main location , 5 days at secondary location.
-Repeat customers/Loyal clientele.
-Business successfully run under semi management
-Lease running to Oct 2023 with lease renewal indications highly positive
-Low rent equating to 7% of sales.
-Business set up by industry expert and enjoys support from national industry leading brands
o Genuine growth / value-add opportunities
o All accountant prepared financials available for review.
If you would like to know more about this business please complete our online confidentiality agreement here:
https://www.abbabusinesssales.com.au/ca-forms/ca-form-1181
or visit our Website www.abbabusinesssales.com.au and use the reference #1181 to search for the business.
Please note: A stock image has been used and does not reflect the actual business for sale.
Property Code: 1181
