Artistic Lifestyle Retail Business & Musical Lesson Center Feel Good

Location: California, United States
Category: Entertainment and Recreation
Type: Established

Financials

Asking Price: $149,000
Cash flow: $74,000
Revenue: Not Disclosed
Gross Income: $253,120
Inventory: $25,000 - Included in the Asking Price
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

This feel good music related retail business, e-shop and lesson center is ideal for a non-musician that seeks to explore their musical roots and develop their artistic soul, or for the musician that seeks to share their knowledge and help others to develop their talent. No experience is necessary as the current owner is not a musician, 90 percent of the client base are absolute beginners, and there is no shortage of experienced percussion teachers seeking work. This business has a diversified revenue base comprised of retail sales, online sales, onsite music lessons, and music related parties, providing a new owner a plethora of areas in which they can make their mark on the operation.

Facilities:
This businesses main street location with convenient freeway access provides fantastic street visibility. The 1,900 sq. ft. facility leases for $2,200/mo (including CAM) with 3% per annum increases, however a new owner will likely seek to negotiate a longer term lease. The facility comes with 2 parking spaces, and an office and storage area. All furniture, fixtures and equipment will be paid off in the sale, and a cargo van and $25,000 worth of inventory will be included in the asking price making this a hassle-free turn-key business.

Financing:
Not Offered ...

Support:
Owner will train for 2 weeks, for 20 hours per week or as necessary (based on offer).

Competition:
Little formal competition exists as the marketplace is primarily comprised of mom and pop service providers giving home-based, one on one music lessons. Such providers typically offer a limited product selection.

Growth:
New owners will likely seek to grow the retail operation, engage in a pay-per-click or alternative online marketing campaign, expand the class and workshop offerings as well as the offsite party, event, workshop and lesson offerings, and consider extending business hours beyond 40 hours per week.

General Information

Reason Selling: Personal

Number of Employees: 1
Year Established: 2002