Established Musical Instrument Retail and Repair Business
Asking Price: | $374,000 |
Gross Revenue: | $1,010,042 |
Cash Flow: | $143,059 |
Premier Wind Instrument Sales, Rentals & Repairs - SBA Prequalified
This well-established retail and repair business has been serving the musical needs of the Chicagoland area for over 15 years. Specializing in the sales, rentals, and repairs of wind instruments, the business has earned a strong reputation for its high-quality service and unique product offerings. Originally founded as a repair shop, the business quickly expanded to include the sales and rentals of both new and refurbished instruments. The shop's focus on high-quality repairs allowed it to carve out a niche market, offering customers a blend of new, used, and consignment instruments, as well as essential accessories.
The business operates from a strategic location in a leased multi-unit strip mall, with potential opportunities for expansion or relocation. The store is well-known among local schools and individual musicians, generating a loyal customer base through word-of-mouth and strategic advertising partnerships with educational institutions. The business’s revenue is primarily driven by instrument sales, which make up 62% of total income, complemented by rentals and repair services.
With a seasoned team in place, including skilled repair technicians and retail staff, this business is poised for continued growth. One promising avenue for expansion includes launching a music lessons program, capitalizing on the existing space and customer demand. The current owner is selling due to health reasons but is committed to a smooth transition, offering flexible training periods to ensure the new owner’s success.
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