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Listing ID: 2587770

Island's Music Store Sound For Sale

Ganges, British Columbia, Canada

CA$ 55,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: CA$ 100k to 250k

Cash Flow: CA$ 0 to 100k

Business Description

sound, a successful, growing retail music establishment, is an eclectic mix of offerings for musicians and music appreciation.
The current owners purchased the business almost 6 years ago and have turned it around since then. Sales have consistently increased year-on-year.
For local musicians, we have become authorized retailers for very well established brands like Godin and Seagull Guitars, D’Addario, Vox, Deering, Kala, Behringer, Audio-Technica, Roland/Boss and other lines of popular music gear. We started the rental side of the business last year. Our most recent growth area is providing music lessons, which started in the fourth quarter of 2016.
The store continues to benefit from the resurgence in vinyl, offering both new and second-hand music on vinyl, CD and cassette, as well as audio gear like turntables, amps, speakers and accessories. We also carry a large selection of music recorded by island musicians.
The business is centrally located in Ganges, the village hub of Salt Spring Island, filled with stores, restaurants, coffee shops and a vibrant evening music scene. Here you will find the Salt Spring Saturday Market, busking and stage venues, and public school music programs, including the Gulf Islands School of Performing Arts which offers advanced education in Music.
The total asking price of $55,000 includes retail furniture and fixtures, inventory, ecommerce-ready website, and POS computer system.
If you love music, love Sm Island, and have entrepreneurial ambition, this could be the perfect opportunity for you.

Property Details

Size:

1000 square feet

Years Established:

10

Property Type:

Lease

Other Details

Business Location:

Down town Ganges adjacent to the new public library.

Premise Details:

lowest commercial rent on Saltspring Island

Competition:

online and off-island sales

Expansion Potential:

Expand business with a music school on site. Break into the public school music program.

Operation Details

Employees:

2

Trading Hours:

11-5 Tuesday to Salturday

Support & Training:

POS training, Supplier introductions

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Serial entrepreneurs ready to move on. We've restored the business to profitability, now wanting to hand over to someone with more music business experience

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