Massachusetts Business For Sale - Music Shop - George & Company

Music Shop: Instrument Sales-Rentals & More #15506

Worcester County, MA

Seller Financing Available

Asking Price: $129,900

Cash Flow: $56,650

Gross Revenue: $688,712

EBITDA: N/A

FF&E: $50,000

Inventory: $40,000*

Real Estate: N/A

Established: 1952

*not included in asking price.

Business Description

Located in central Massachusetts, this well-known Music Shop sells guitars, keyboards, woodwinds, drums, amps, speakers, and just about any other instrument or ancillary item you can think of. Learn how to play any instrument (voice included) with expert independent teachers in their private lesson rooms. Broke something; they will repair it. Need to rent an instrument; they do it! Rooms available for workshops, jam, practice & recording sessions. In other words, they do 'All Things Music' and this can be yours for a minimal down payment and your good credit. A music lifestyle job & investment all in one.


Detailed Information

Inventory: Not included in asking price

Real Estate: Owned

Building SF: 6,800

Employees: 6

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: Great central location next to other high-draw retail and food businesses. Totaling 6,800 sq. ft., this has retail, repair, music & voice lesson rooms, workshop, jam & recording rooms, all in one iconic music shop. The building owner will offer a long term lease.

Competition: Some competition but it's difficult to compete with the historic nature of this long-established, iconic music shop. No one else carries the wide assortment of products and services and extensive inventories so anyone interested in anything music knows this is the place to go.

Growth & Expansion: The current owner is semi-retired and works at the store part-time. A new, committed owner/ manager with high energy and a love of all things music will carry this legacy forward with new vitality and increased profitability.

Financing: Seller will finance a qualified buyer

Support & Training: Transitional training to support a smooth transition. The ideal Buyer will have a passion for music and some kind of music related professional or avocational experience.

Reason for Selling: Primary owner retiring after a lifetime career.    

Contact: Jeff Lefebvre

Contact Phone: 508-753-1400  

Contact Email: info@georgeandco.com  


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