Music Shops for sale in Tyne and Wear

View the "Iconic Record Shop in the North East with Impressive Financial Performance" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Iconic Record Shop in the North East with Impressive Financial Performance

Tyne and Wear, England

  • Leasehold Price: £199,950
  • Annual Turnover: £1,267,977
  • Annual Gross Profit: £329,520
  • Annual Net Profit: £67,688
Seller Reference: 194
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Business Description
 
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Seller Reference: 194
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Business Description
This is a rare opportunity to purchase a leading record shop based in the North East. The business is available on a leasehold basis.
The business has an excellent reputation in the local community and is considered a household name in their industry. The business acts as a reputable retailer of new vinyl records and CDs via their own website, several online platforms and iconic store.

• Highly Sought-After Location
• Prominent Location in the area
• Loyal Customer base
• Excellent Contact with Key Suppliers
• Skilled, Reliable Staff
• All Fixtures and fittings included
• Access to sophisticated stock control software which manages online and instore sales
• Excellent Reviews on several platforms
• Minimal Overheads (Competitive Lease)
• High Turnover - £1,267,977 +
• Excellent GP Margin – 25% (approx.)
• High Adjusted Net Profit.
• Huge Potential for further growth and success.

It is with a heavy heart that the current owner is selling the business due to retirement. This is an excellent opportunity for an entrepreneur looking for an established business in the retail sector or an established business looking for a lucrative acquisition. Due to the impressive financial performance of the business and their highly sought-after location, this business is already experiencing a high volume of enquires, so to avoid disappointment, please contact us for further information.
Tenure:
Leasehold
Support and Training:
Full Handover Period. Skilled, Loyal Staff
Location Details:
Highly Sought After Location in City Centre
Listed by:
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