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