Franchised Music Store For Sale
Spruce Grove, Alberta
Asking Price: $200,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue: $300,000 (CAD)
Cash Flow: $30,000 (CAD)
We are currently accepting offers on our turn key Music Store Franchise. The store has been operating for 12 years. We currently operate a very popular music school with over 100 students and 9 instructors. We offer instrument repairs, sales and rentals. Currently we have two managers and 3 sales associates and 8 instructors.
Real Estate: Lease
Lease Terms: Renewable January 31 2020.
Leasehold Rent: $57,600 (CAD) per annum
Location: Spruce Grove Alberta
Premises Details: 2000 square foot lease. Hwy exposure.
Size in square feet: 2,000
Expansion Potential: Market area services over 100,000 people. Lots of room to expand.
Competition / Market: Small family businesses offers lessons and instrument sales.
Reasons for selling: Moving
Trading hours: 10 am – 9pm.
Years established: 12 years
Support & training: Will train. Currently operating in absence of owner.
Furniture / Fixtures value: $25,000 (CAD) – included in the asking price
Inventory / Stock value: $160,000 (CAD) – included in the asking price
Relocatable: This business can be relocated.
Cell: 780 660 4966 / 780 722 3117
Home: 780 968 0940
Turn key operation: We have been open for over 12 years and have a large loyal customer and student base. We currently have over 100 students taking lessons at our location. We have a large retail space up front, including a humidified acoustic room, as well as five lessons studios in the back with a waiting area and a washroom. We have a fully set up computer and security system including streaming T.V.’s and an online schedule for students. Our business has a top of the line website. We have access to hundreds of product lines that we have established relationships with for the best prices. We also have a 5 star reviewed and busy online store where we sell many products as well. We have a top in the industry repair man who many people rely on in the area. Located in the heart of Spruce Grove with highway exposure. Owners are retiring and moving. Spruce Grove and Stony Plain are getting bigger every day and this is the only music store in town (that’s not based out of a small house) Let your dream of owning a music store become a reality with this low price and huge potential!