Established Classical Music Retailer in Stafford

Stafford, Wolverhampton
REF: 04224

Asking Price:
£20,000
Annual Turnover:
£59,813
Annual Net Profit:
£11,478
Featured
REF: 04224

Overview

Tenure:
Leasehold
Established:
2007
  • Trading for over 10 years
  • Excellent reputation
  • Scope for further development
  • Only music shop in Stafford

A superb opportunity has arisen for a new buyer to acquire a well-established classical music retailer in Stafford, Staffordshire.

Ideally located in a historic St Mary's church-owned building, the business enjoys a fashionable location in close proximity to the town centre and high levels of footfall and passing trade year-round.

The business retails a wide range of classical instruments and accessories, including pianos, violins, sheet music and stands alongside repair services and music tuition for various popular instrumentals including guitar and piano.

The business acts as a specialist classical music retailer based in Stafford, Staffordshire.

Ideally located in close proximity to the town centre, the business benefits from high levels of footfall and passing trade year-round. Retailing a wide range of products and accessories, including pianos, violins, sheet music and stands, along with offering a repair service and expert music tuition, the business is highly-regarded within the industry and community.

The business is easily recognisable due to its unique position, large glass façade and clear signage. The interior décor reflects the previous character of the church, with large windows, listed features and a mezzanine level. There is ample interior space for the display of pianos and other instruments and a separate room for music lessons. The current owners provide a welcoming ambience and the premises are renovated to a high standard.

The business relies on its excellent reputation and minimal competition for continued success. However, there are a number of ways that a new buyer can look to increase turnover in the future. The business currently focuses on the sale and tuition of pianos, diversifying the product range and associated services to include other instruments would enable a new buyer to grow the business significantly. There is scope to develop the e-commerce aspect of the business to a greater degree, doing so, in conjunction with a more cohesive social media strategy would enable the business to cover a much greater customer base.

With a solid turnover and excellent reputation, this is an ideal opportunity for a new buyer with industry experience to acquire a specialist classical music retailer in a popular location.

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  • Stafford, Staffordshire
  • Historic and fashionable area
  • Close proximity to the town centre
  • High levels of footfall
  • Nearby customer parking.
Rent
£11,000
Rates
£2,870
Lease Term
New lease to be granted
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
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Trading Entity
XXXX
Current Ownership
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Management Structure
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Number of Employees
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