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Established Guitar Shop And Tuition Business In St Albans For Sale

Hertfordshire
Asking Price:
£249,000
Sales Revenue:
£419,210
Cash Flow:
Available on request

Intelligent Business Transfer are delighted to offer for sale a lucrative business opportunity that is highly popular amongst local music enthusiasts and inhabitants alike. This is an established music store, with a loyal customer base and huge potential for further growth and success.
Since its inception in 1980, the business has experienced phenomenal and continued growth and by keeping overheads nominally low, has successfully generated high annual turnover in excess of £500,000.

This is an ideal platform for an owner-operator or music lover looking to manage a highly-regarded business in this geographical location. It will also make a great bolt-on purchase for an existing business looking to expand its product/services range.

There exists a number of opportunities for further growth:
1). The popular Rockschool format could be extended to other geographical areas, either through managed sites or through franchising. All coursework used in the lessons is written and owned by the business and forms part of the sale.

2). The Instore lessons could be extended to include later sessions and opening on additional evenings (currently only two evenings a week).

3). Retail sales could be driven through the website via a social media presence (currently negligible) and by selling through third party websites such as Amazon and eBay.

Intelligent Business Transfer are searching for a suitable buyer. The vendor is willing to aid the transition for a negotiable time period.

Property information

Property:

Leasehold

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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