Long established and profitable vinyl record shop business. A busy shop with a regular clientele. The shop has now been successfully trading for over 10 years. As well as a wide range of vinyl genres and formats, the shop also deals in CDs, DVDs, Cassettes, books and music memorabilia. There is also a hi-fi equipment income stream from a partnership with a local hi-fi dealer. Online sales form a key part of the revenue, and can be ramped up to meet seasonal variations in shop trade.
The shop has hosted a number of music related exhibitions over the years, and is currently showing a series of photographs of The Smiths, and related musicians by a local photographer.
Accounts have been set up with all major UK vinyl distributors which will be passed on with the sale. The shop has taken part in Record Store Day for the last 8 years.
There is a potential for expansion in all areas. Initial ideas included a coffee shop, which didn't come to fruition, but could now be added, which would considerably increase footfall.
An exciting opportunity for a music enthusiast. There is a website and strong social media presence which will be included in the sale. The owner will provide full training and induction.
This a reluctant sale brought about by the owners relocation.
SUMMARY OF PROPERTY
Large Retail Area. Under Stairs Stock Room. Rear Storage Area. W/C. Kitchenette. Rear Exit.
The retail fixtures and fittings include 6 metal 12" vinyl racks, 9 metal CD racks and a wide range of custom built stylish particle board record racks, which have been designed for optimum storage and browsing potential.There is a sofa, table and chairs, book shelf, DVD storage racks and an A-Board.There is a hi-fi system with its own storage rack, and a large Ikea vinyl storage shelving unit.
Town Centre position two doors down from the Post Office. Sits on the main road that leads from the train station to the town centre. Approx 1 minute walk from main town car park.
TRADING & BUSINESS
Turnover for the last tax year was approximately £80,000. Further accounts can be made available to genuinely interested purchasers.
The stock will need to be purchased in addition to the business sale price. As much or as little stock can be purchased as the new owner requires. Current stocks are approximately 12,000 x LP records, 8,000 7" records, 8,000 x CDs. In addition there are DVDs, Books, Cassettes, Magazines, storage cases etc...
The business currently operates 6 days a week, Monday to Friday 11:00am-5.00pm, Saturday’s 10.00am-5.00pm - there is obviously scope to increase tradings hours as required.
LEASEHOLD. There are over 18 months remaining on the current 7 years lease, and the landlord is happy to extend a brand new lease on the same terms to the new owner.
Details of the lease available on request.
Mon - Friday 11:00-17:00