Goadsby Commercial present highly desirable and profitable vinyl record shop business & busy online sales operation. Busy shop with established clientele - readymade business. Also includes cd and tape sales, book, memorabilia and hi-fi equipment income streams. Rapidly expanding business established for 23 years. Exciting opportunity for music enthusiast.
LOCATION
Town Centre position in Salisburys only indoor 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 (could be changed into audio room). 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
This readymade business (which has been trading online for 23 years) currently operates 6 days a week from the shop and also includes a very valuable online business, utilising facebook, Instagram, Twitter, ebay and discogs. It is operated by the owner and a part time member of staff. 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. The owner also provides a record cleaning service and has held live music events in the shopping centre and special record viewing evenings. 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 with 5 year reviews which commenced 2021, at a current rent of £13,500 per annum + VAT with an additional service charge of £3,400 per annum + VAT. There is also a break in the lease on the anniversary of the lease start date each year. 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.
Location Details:
Town Centre position in Salisburys only indoor 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 with 5 year reviews which commenced 2021, at a current rent of £13,500 per annum + VAT with an additional service charge of £3,400 per annum + VAT.
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