Profitable Vinyl Record Shop - Salisbury

FEATURES
Highly desirable and profitable vinyl record shop business. Busy shop with established clientele. Also includes CD and tape sales, book, memorabilia and hi-fi equipment income streams. Rapidly expanding business. Exciting opportunity for music enthusiast. Includes website and strong social media presence which will be included in the sale. The owner will provide a full training and induction programme following the sale of the business. Reluctant relocation sale.

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

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.

TRADING & BUSINESS
The owner informs us that in the last trading year the turnover was approximately £180,000 excluding VAT with a Net Profit of approximately £40,000. The stock which needs to be purchased in addition to the business sale price is estimated at the time of writing to be a maximum of £50,000. The business currently operates 7 days a week, Monday to Thursday 9.30am-5.30pm, Friday 9.30am-6.00pm, Saturday’s 9.00am-6.00pm and Sunday’s 10.00am-4.00pm. 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, 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.