Music And Instrument Sales & Repair In Inverness | | Inverness Scottish Highlands | | Music, Musical Instrument Sales & Repair. Inverness, Scotland. T/O: £650,000 GP: 36% Same owner since 1981. Loyal customer base. Scope to develop further. Rare opportunity. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70829
ADVERT IMPRESSIONS : 4,566 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Music & Record Shops | | SALE: | Agent Sale | FREEHOLD: | £398,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The Music Station occupies mid parade retail premises in the city centre of Inverness. The musical instrument and hi fi retailer is surrounded by a wide variety of complementary shops and businesses and benefits from a high footfall. There is ample car parking in the vicinity with metered on-street car parking opposite. There are many bus routes serving the area and the railway station is just a short walk away. Inverness is known as the 'Capital of the Highlands' and is the main shopping area for the whole of northern Scotland. There is good access to the A-road network across the Highland region and the A9 is the major route south. Aberdeen lies approximately 100 miles to the east, while Perth lies 110 miles to the south.
Business History
Preferred Commercial is delighted to offer for sale this well-renowned musical instrument retail and repair business, which was established by our client in 1981 and which is only now being placed on the market due to our client's wish to retire. The Music Station generates a turnover in the region of £650,000 per annum with a gross profit of 36%, derived from the sale and repair of a wide variety of musical instruments, including guitars, drums, violins, pianos and keyboards, banjos, mandolins and harmonicas, as well as sheet music and hi fi equipment. Our client stocks brands such as Fender, Martin, Ibanez, Takamine, Tama, Yamaha, Sabian, Teak, Sone, Bose and Marantz. There is scope for a new owner to increase turnover by perhaps introducing a hire service for music equipment, PA systems and lighting, adding tuition and perhaps developing the website to offer e-commerce facilities. The business boasts a large and loyal customer base and highly trained experienced staff. We feel this represents a rare opportunity to acquire a specialist business with scope for future growth. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £650,000 approx.
GP: 36%
Opening Hours
Mon - Sat: 9.00am - 5.00pm
Sun: Closed
Accommodation Details
Mid parade lock-up retail unit in a busy city centre street. Briefly comprising:
Ground Floor
• Large open-plan sales and display area fitted to suit the trade with shelving and racking to walls, various instrument display sections, retail counter with electronic cash register and computer stock system
First Floor
• Further sales area with a variety of displays
• Workshop used for the repair or instruments and equipment
• WC
External
• Service area to rear
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2875 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
