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| You have accessed this listing information from the VR National database through: | This business is listed and represented by: |
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VR Business Brokers - Jacksonville, FL 2121 Corporate Square Boulevard Suite 115 Jacksonville, FL 32216 (904) 726-1670 www.vrbb.com dms@vrfirstcoast.com |
VR Business Brokers - Clearwater, FL 565 South Hercules Avenue Clearwater, FL 33764-5747 (727) 499-6500 www.vrclearwater.com info@vrclearwater.com |
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Business Listing Details |
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LISTING#: |
I1700: Music Stores Music Store |
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LOCATION: Port Richey |
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ASKING PRICE $539,000 |
AMOUNT DOWN $539,000 |
REVENUES: $698,774 |
DISCRETIONARY EARNINGS $62,031 |
TOTAL ASSETS $275,000 |
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| Well known music store in the Tampa Bay area located on busy US 19. Established for over 20 years currently owned for 12 by the same owners. This music store has high expansion potential for a 2nd or 3rd satellite location. This full-service one-stop music store provides sales and rentals of a large selection of music equipment, service, repairs, instruction, books and sheet music. Revenue numbers have stayed strong during this challenging business climate. Discretionary earnings for 2009 were $62,031. Internet site adds to sales volume and could be increased with more advanced search engine optimization techniques driving more traffic to the site on a national scale. There are few competitors in the local market. Due to longevity and a reputation of excellent and friendly service and a highly knowledgeable staff the store has established a strong customer base consisting of all ages. A new energetic buyer could expand and build from the existing advertising, generating a greater lead source throughout the local community. The store has many possibilities that could be explored to reach its full potential both locally from its prime Tampa Bay location and nationally from its internet presence. This is a great opportunity for a qualified buyer to grow and expand an already successful business taking it to the next level. | |||||
| Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies. |