Music Shops for sale in Salisbury

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Profitable Vinyl Record Shop - Salisbury

Salisbury, Wiltshire, England

  • Leasehold Price: £70,000
Seller Reference: H21112
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Business Description
 
 
 
 
 
 
 
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Seller Reference: H21112
Request Details
Business Description
Goadsby Commercial present highly desirable and profitable vinyl record shop business & busy online sales operation. Busy shop with established clientele. Also includes cd and tape sales, book, memorabilia and hi-fi equipment income streams. Rapidly expanding business established for 21 years. Exciting opportunity for music enthusiast

LOCATION
Town Centre position in established Shopping Centre. Adjacent to TK Maxx and amidst national and independent operators. Wilton approx. 4½ miles. Downton approx. 6½ miles. Amesbury approx. 8½ miles.

SUMMARY OF ACCOMMODATION
Record Store. 2 Stock Rooms. 2 Cloakrooms. Kitchenette. Communal Service Lift.

DESCRIPTION
Record Store with extensive wall mounted display racking, CCTV cameras, 3 glass fronted display units, extensive box style records storage and display units, wooden counter servery, double over door heaters, Sony flat screen television, range of Hi-Fi equipment. In addition there are 2 stock rooms, 2 cloakrooms, a kitchenette with single drainer stainless steel sink unit, a coffee machine and an upright fridge freezer.

TRADING & BUSINESS
The business (which has been trading for 21 years) currently operates 3 days a week from the shop and also includes a very valuable online business, utilising facebook, Instagram, ebay and discogs. The sale includes a high quality, extensive selection of vinyl stock which is constantly being updated and the business can certainly be expanded and developed in the right hands. In addition, due to the length of time the business has been in operation, the owner is using established contacts to purchase further vinyl collections to expand the stock. Further accounts can be made available to genuinely interested purchasers.

TENURE
LEASEHOLD. The owner informs us that the premises are held under an original 5 year lease which expires 31st October 2021, at a current rent of £14,000 per annum + VAT with an additional service charge of £3,900 per annum + VAT. We have not had sight of this lease documentation.

PRICE
£70,000 to include stock at valuation and goodwill, furnishings, fittings and equipment as per inventory to be prepared.
Tenure:
Leasehold
Location Details:
Town Centre position in established Shopping Centre. Adjacent to TK Maxx and amidst national and independent operators. Wilton approx. 4½ miles. Downton approx. 6½ miles. Amesbury approx. 8½ miles.
Leasehold Term:
LEASEHOLD. The owner informs us that the premises are held under an original 5 year lease which expires 31st October 2021, at a current rent of £14,000 p.a. + VAT with an additional service charge of £3,900 p.a. + VAT. We have not had sight of this lease.
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