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Retail

Music Stores

Advent Business Sales have been instructed to offer to the open market this established niche business. Established in 1998 by the current vendor it is now reluctantly offered for sale due to the vendor s family commitments. This music business stocks a range of brass instruments woodwind and guitars as well as a range of sheet music, including a large range of educational music. Our client is a main dealer for: Encore Guitars Tanglewood and Freshman Guitars Golden Apple Educational Music The business has experienced growth year on year and has a loyal customer base from the local town and the surrounding villages and the vendor has voluntarily registered the business for VAT to encourage sales of educational music to and though schools in the area. Due to the unusually large stock of educational sheet music, customers have been drawn from a larger geographical area than normally expected. EXPANSION POTENTIAL There is excellent potential for further growth within the business including an Internet site potentially to sell educational music to the whole of the UK. Also holding seminars to local teachers, which have proved successful for the current vendor but have unfortunately been restricted due to the amount of time that the vendor has been enable to dedicate to this. TRADING HOURS Tues Fri: 9.30 4.30pm (Closed for lunch 1.45pm 2.45pm) Sat: 9.00 2.00pm Sun Mon: closed FINANCIAL INFORMATION We have been advised by the vendor of the following: Turnover: 42,810 Gross Profit: 30% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES An attractive and easily managed shop premises with the added security of an alarm system and consisting of the following: Ground Floor Doorway leading into main shop area, carpeted throughout with original beam ceiling Display shelving for music to left side Serving counter/desk to rear Guitar and instrument display to right hand wall Display cabinet and further racking to rear Door through to store cupboard External Cobble stoned courtyard area to front leading onto high street TENURE: Leasehold Current Lease: 3 years Lease Remaining: 1 year Review every: 3 years Annual Rent: 2,750 + VAT per annum We are advised that the annual business rates are currently: 510.00 per annum

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