FOR SALE
655981
Discover a rare opportunity to acquire a long-established and respected specialist piano business, boasting over 40 years of trading history. This business, which was expanded and relocated to its current site 16 years ago, offers an established online presence and a nationwide reach. Available as a business-only sale, this venture is fully relocatable, providing substantial growth potential for an existing piano professional or retailer. Additionally, there is an option to purchase the premises, encompassing 2.5 acres along with a substantial freehold house and shop.
The business is known for its reputable name in the local area, attracting a diverse clientele with its extensive selection of secondhand pianos, including both uprights and grand pianos. Customers benefit from on-site refurbishment services that restore pianos to excellent playing condition, ensuring high-quality offerings. The showroom, designed with customer comfort in mind, provides an attractive and spacious environment for piano enthusiasts, further enhancing the shopping experience.
Strong Community Presence
Strong community connections offer significant potential for expanding the customer base. Located near a popular gastropub and the town of Sudbury, this business enjoys a strategic position that attracts foot traffic. Furthermore, the local market faces minimal competition for such a unique range of stock, presenting an advantageous opportunity for the new owner.
Business Details
Owned and operated by the current owner for 16 years, this business has maintained an established annual turnover and enjoys a solid brand reputation. Although there has not been an increase in turnover over the past year, the reasons for selling are based on the owner's retirement plans. The business operates with a modest team of two self-employed individuals, ensuring efficient service delivery while keeping operational costs lean.
Online Presence and Training
With an active online presence at www.suffolkpianos.com, the business effectively reaches customers beyond its immediate locality. The current owner is open to providing training opportunities for the new owners, ensuring a smooth transition and continued success. The sale includes inventory and equipment, valued as tangible assets, which contribute to the business's high profit margins.
Key Features and Benefits
This is an ideal opportunity for anyone looking to invest in a successful and reputable piano business in the heart of a supportive community. Whether you are an existing retailer aiming to expand, or someone seeking to make their mark in the music industry, this venture promises a wealth of possibilities.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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