Full Line Music Store with Repairs & Lessons in Virginia's Blue Ridge

Asking Price$400,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$850,000

Inventory$350,000
Included in asking price
FF&E$50,000
Included in asking price
Real Estate$1,400,000
Not included in asking price
Basses & Amps
Acoustic Guitars
Mandolins & Banjos
Electric Guitars & Amps
Keyboards & Books
Fretted Accessories
Basses & Amps
Acoustic Guitars
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Full Line Music Store with Repairs & Lessons in Virginia's Blue Ridge


Asking Price$400,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$850,000

Inventory$350,000
Included in asking price
FF&E$50,000
Included in asking price
Real Estate$1,400,000
Not included in asking price
Business Description
We are a well-established, full-line music store, in business for 20 years. We serve the New River Valley in southwestern Virginia, including Montgomery, Floyd, Giles, Pulaski, and surrounding areas including West Virginia. We are the only full-line music store within a hundred-mile (if not larger) radius. We are family-owned, and the music store supports the two owners and generates enough business to keep four to five full-time employees on payroll.
Located in the heart of the Blue Ridge Mountains, this region of Appalachia intertwines with The Crooked Road, Virginia's Music Heritage Trail, https://thecrookedroadva.com/, where roots of Old Time and Bluegrass music traditions run deep. We are honored to be THE brick-and-mortar supplier of fretted instruments, fretted accessories (our highest selling categories) and so much more for our local musicians.
We also have a healthy band/school music program. We are a Music & Arts affiliate (musicarts.com) and offer lessons in most instruments at the store. We also have several repair techs on staff and provide in-house repairs for fretted instruments.
We are authorized Fender, Martin, Gretsch, Jackson, Roland dealers and more. We also buy, sell and trade used instruments, and have a lively flow of consignment instruments at all times, which contributes to our overall sales.
Fun Fact: Our store was featured on CBS national news when we started a "sign war" in 2020 with other local businesses, to boost morale during challenging times.
About the Business
Years in Operation
20
Number of Employees
7
Currently Home Based
Yes
Facilities & Assets
We are selling the building that houses the music store. We can offer a discounted rental rate while the buyer finds a place to relocate the business and/or the building sells. We have discounted the asking price of the store accordingly because no lease is offered. All inventory, furniture and fixtures, including slat walls, computers & specialized software for sales and general ledger, and customer database are included in the sale. If the buyer wishes to keep the company name for continuity, we are open to transferring it with the sale.
Website
https://bridgekaldro.com/
Market Outlook / Competition
There is very little competition locally in terms of brick-and-mortar stores. There are two guitar-centric stores in Roanoke, about 50 miles away, but no full-line music stores such as ours. Our biggest competitor is the internet. We have worked around this by offering lessons, repair services, and a hands-on atmosphere that creates customer loyalty. Because other brick-and-mortar music stores are so far away, Martin and Fender and other dealerships should transfer as long as the buyer passes their credit check.
Opportunities for Growth
We do most of our sales in person in our store. Over the years we made sales on eBay and currently make some sales on Reverb, but we have not cultivated our on-line presence to its fullest potential. So this is one area of potential expansion. Because some vendors are now selling instruments directly from their websites, retailers need to excel in customer service and creating a welcoming atmosphere.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
9,000
About the Sale
Seller Motivation
We are ready to retire.
Transition Support
We can be available for 6 months as contractors to help new owners transition. Training in Aimsi, the computer software. Aimsi tracks sales and inventory and contains the general ledger.
Financing Options
Buy Building and buy business at cost of inventory
Listing Info
ID
2318414
Listing Views
1419
Business Location

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Business Listed by: Kirsti Kaldro

Listing ID: 2318414 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.