40 Year Established Retail and Online Music StoreListing: #LA04650
About this Business for sale in California40 Year Established Retail and Online Music Store
This large music store has been operated since the seventies. The current owner purchased the business in 2009. The store has 4,200 SKUs on display in a 4,000 sqft showroom and over 4,000 SKUs on two online stores. It maintains a rating of 5 stars online, and typically earn the right to the "'Preferred Seller," "Quick Shipper," and "Quick Responder." The store has also a warehouse of 6,000 sqft in the same building. The music store is one of the last unique businesses where people hang out to socialize with their friends. Many bands began by meeting at the store. Great memories are made when you visit a store where you are surrounded by like-minded people that are enjoying their life through music. While the store is high energy to the extreme, it is one of the very best hangouts in Humboldt County. The store also offers several repair departments and functions. They have a guitar workstation, band instrument table, and an accordion repair bench. The asking price includes $600,000 of musical instruments inventory at cost and $30,000 in account receivables. The rent is $3,950 per month.
(310) 539-8300 ext. 142
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.