| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 4,487 TIME(S)
BUSINESS REFERENCE : 7019NG / RightBiz 7019NG-SOUTHWELL, NOTTS-£19,995-MUSIC SHOP | | | | | | MUSIC SHOP SOUTHWELL, NOTTS REF: 7019NG ASKING PRICE: £19,995 | | | BUSINESS LOCATION: | Undisclosed Nottinghamshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Music & Record Shops | | SALE: | Agent Sale | LEASEHOLD: | £19995 | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
This music shop is ideally located in an
attractive courtyard off the main high
street in Southwell Nottinghamshire.
Surrounding businesses within the
courtyard include a toyshop, children’s
clothing, a gallery, specialist jewellery
and artefacts shop, a country pursuit
store and a greengrocer.
There are excellent parking facilities in
the area including free on street
parking.
Southwell is an affluent
Nottinghamshire town famous for its
Minster and other tourist attractions
and benefits from excellent transport
links with access to the A1M at Newark
and the city of Nottingham accessible
via ‘A’ road.
THE BUSINESS
Advent Business Sales have been
instructed to offer to the open market
this established niche business.
Established in 1998 by the current
vendor it is now reluctantly offered for
sale due to the vendor’s family
commitments.
This music business stocks a range of
brass instruments woodwind and guitars
as well as a range of sheet music,
including a large range of educational
music.
Our client is a main dealer for:
Encore Guitars
Tanglewood and Freshman Guitars
Golden Apple Educational Music
The business has experienced growth
year on year and has a loyal customer
base from the local town and the
surrounding villages and the vendor has
voluntarily registered the business for
VAT to encourage sales of educational
music to and though schools in the area.
Due to the unusually large stock of
educational sheet music, customers have
been drawn from a larger geographical
area than normally expected.
EXPANSION POTENTIAL
There is excellent potential for further
growth within the business including an
Internet site potentially to sell
educational music to the whole of the
UK.
Also holding seminars to local teachers,
which have proved successful for the
current vendor but have unfortunately
been restricted due to the amount of
time that the vendor has been enable to
dedicate to this.
TRADING HOURS
Tues – Fri: 9.30 – 4.30pm
(Closed for lunch 1.45pm – 2.45pm)
Sat: 9.00 – 2.00pm
Sun – Mon: closed
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Turnover: £42,810
Gross Profit: 30%
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
An attractive and easily managed shop
premises with the added security of an
alarm system and consisting of the
following:
Ground Floor
Doorway leading into main shop area,
carpeted throughout with original
beam ceiling
Display shelving for music to left
side
Serving counter/desk to rear
Guitar and instrument display to
right hand wall
Display cabinet and further racking
to rear
Door through to store cupboard
External
Cobble stoned courtyard area to
front leading onto high street
TENURE: Leasehold
Current Lease: 3 years
Lease Remaining: 1 year
Review every: 3 years
Annual Rent: £2,750 + VAT
per annum
We are advised that the annual business
rates are currently: £510.00 per
annum
VIEWING
Please DO NOT approach the business
or its employees without a prior
appointment.
All appointments are to be made via our
office. | | | | | | FOR SALE | | | | | SELLER: | ADVENT BUSINESS SALES | | CONTACT: | 0844 8009092 | | REFERENCE: | 7019NG / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
