Established Guitar Shop and Tuition Business in St Albans

St Albans, Hertfordshire
REF: 04546

Asking Price:
£249,000
Annual Turnover:
£379,334
Annual Net Profit:
£63,000
REF: 04546

Overview

Tenure:
Leasehold
Established:
TBC
  • Excellent products/services
  • Well established
  • High yearly takings
  • Prime location
  • Great online presence

This is a unique opportunity to acquire a long-running and reputable music store, which sells an assortment of high-quality instruments at competitive prices.

Trading for over 40 years, the business has amassed a stellar reputation for its range of instruments, its excellent customer service and popular tuition offerings. With a large customer base and low overheads, it has generated high revenue and consistently grown year on year.

A new buyer is presented with a lucrative platform which is in excellent walk-in condition and is bursting with growth potential.

This store specialises in the sale of high quality instruments, namely guitars, amps and pianos, at competitive yet reasonable prices.

Acoustic, electric, bass and classical guitars are all stocked as well as all the necessary accessories such as strings, straps, leads etc. There is a large ukulele range as well as other folk instruments such as banjos, mandolins and resonators.

There is a comprehensive showroom of Yamaha digital pianos, home keyboards and Clavinovas and very little competition in this field for a 30 mile radius.

The business has an onsite workshop which specialises in the repair, service and maintenance of guitars, amplifiers and PA systems. Very little is outsourced.

Also included in the sale is the tuition business which teaches guitar, bass and drums in a number of different formats with lessons taking place both at the shop and offsite at halls in the local community.

There is a small instrument rental practise in the business.

This is an ideal platform for an owner-operator or music lover looking to manage a highly-regarded business in this geographical location.

The tuition programme could be extended and operate on additional days to include a wider range of instruments (currently only operating three days a week).

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

The business would make a great bolt-on purchase for an existing business looking to expand

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  • Located in St Albans, Hertfordshire
  • Positioned near the city centre
  • Minimal competition
  • Nearby complementary businesses
Rent
£20,000
Rates
£7,300
Lease Term
TBN
Lease Expiry
(£14,000 rental from shop freehold)
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
D 76-100

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

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