Well established music rental and retail store that has been providing instruments and accessories to Central Florida since 1981.
They service 35 schools mainly in Orange and Seminole county. Their instrument rental program has competitive prices. Their inventory is comprised of approximately 1200 instruments valued at over $600,000 of which the majority is rented out but includes at least $170,000 of instruments in stock. Revenues over the past few years have been over $300K.
Their instrument stock includes the entire gamut of instruments in a band: from cellos, clarinets, trumpets, French horns, Oboes, saxophone, violins, violas flutes to Drums.
A beautifully laid out store of 2000 square feet, in addition to instrument rentals and sales, the store provides music books and accessories required for the maintenance and storage of instruments. They also have a room where they sanitize the instruments.
Priced as an asset sale. The Seller will consider carrying a note on a case by case basis at the Seller's option.
- Asking Price:
- $400,000 Inventory / Stock included
- Sales Revenue:
- $250K - $500K
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease expires 7/31/2024
- Leasehold Rent:
-
$3,937 per annum
- Premises Details:
-
A beautifully laid out 2000 square foot store in a strip mall
- Size in square feet:
- 2,000
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
11-6 pm Mon-Friday
10-5 pm Saturday
- Employees:
- 3
- Years established:
- 42
Other Information
- Support & training:
-
Seller will train for two weeks at no cost
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
The seller will consider carrying a note on a case by case basis at the seller's option .
$200,000 at 5 % for 36 months
- Inventory / Stock value:
- $685,000 - included in the asking price
- Relocatable:
- This business can be relocated.
