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- RE: New & Used Record Store
- Contact: Brian Southworth
Quick Facts
Asking Price: | $260,000 | |
Annual Revenue: | $398,270 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $89,574 | |
Total Debt: | Not Disclosed | |
FF&E: | $9,500 | |
Real Estate: | Not Disclosed | |
Year Established: | 1989 | |
Employees: | Not Disclosed | |
BBN Listing #: | 937023 | |
Broker Reference #: | 8003-18158 |
Business Overview:
In business since 1989, this independent music store specializes in New & Used Vinyl Records, CD's, DVDs, Books, Memorabilia & Collectibles! Rock, Blues, Jazz, Country, Soundtracks and Classical. With the largest new vinyl record selection in Eastern Washington. Tons of Beatles - old & new. Seller states, "Special orders welcome with fast turnaround-if it's made we can get it! And we're always buying!"
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Property Features and Assets:
The lease is currently in month to month status. The landlord likes having the record store in his building. He is open to leasing the real estate to a qualified new owner and there is an opportunity to expand the store within the building. Ample parking is available on the street and behind the building. There is a large private access door on the rear of the building. The retail Storefront is located on high traffic thoroughfare.
Assets = $269,500
Market Competition and Expansion:
While there are other record stores in the market they are considerably smaller and less diversified in their product offerings than this Company.
Business has grown yearly.
Reason for Selling:
Retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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