Current Listings
Established Music Store For Sale
A full-service band instrument music store opportunity available! Do you enjoy playing music, attending live music performances, or even just listening to music? Here's your chance to be your own boss and immerse yourself in the musical world at the same time!
Details
Located in Northwest Suburban Cook County outside Chicago, this music store has multiple revenue sources that include new instrument sales, accessory sales, used and vintage instrument sales, consignment instrument sales, repairs of all levels of band instruments (from student-level beginner to professional instruments), renting out performance space, and passive income from instrument rental contracts.
The store's location is in an affluent area with strong school and community music programs. Besides the 4200 sq ft physical retail location, many sales occur online directly from the company website, with instruments being purchased from all around the globe.
Established in 2009, the store has been steadily growing for many years, with a strong reputation and excellent relationships with the community.
Financials
Financial Information
- Gross Annual Sales: $925,000
- Asking Price: $950,000
- Cash Flow (SDE): $150,000
- Inventory (included in Asking Price): $740,000
- Furniture, Fixtures, & Equipment (FF&E): $50,000
- Rent & Lease End: $3,900/mo until 4/30/2026
- Employees: 6
Add Value!
Even though this is a profitable, long-time established business, there are still opportunities for growth, such as adding a lessons program. Having an in-store lessons program would not only add another source of revenue, it would increase foot traffic into the store, driving more rental contracts and accessory sales business. Another potential opportunity for growth would be adding guitars and related accessories, or even orchestral string instruments and their accessories.
These are just a few opportunities for growth - the right buyer can go in many new directions!