Business To Buy

2261 Profitable Record Store

Not Disclosed, Wisconsin
This business has branded itself as the go to place for all kinds of music and they have a strong following. This is an incredibly well-run business, the store owner has been properly focused on acquisition of inventory and variety which has been a key factor in their success!

The business has a well-established client base that continues to grow YOY as the trend of people listening to vinyl continues to increase. Sales have been steadily increasing over the past few years as well and their year-to-date numbers for 2021 indicate that they are going to significantly outperform anything they have achieved in the past. The business has several different products/revenue streams that include stereo equipment, cd’s... etc.
Ownership is interested in transitioning to retirement, allowing the new owner to capitalize on the stable business they have created and take advantage of significant growth opportunities. Ownership is open to working part time and assisting with acquisition of new inventory and willing to discuss ways they can help in the transition.

Financials

Price: $1,100,000
Gross Income: $2,000,000
Cash Flow: $400,000
FFE: $0
Inventory: $0
Real Estate Value: $0

About the Business

Office Reference ID: #2261
Year Established: 1988
Financing:
Training: Seller is willing to train, transition, consult in support of new owner.
Facilities: Primary retail store and additional new warehouse space that will have a functioning storefront that could bring additional revenue in a nearby city.
Competition:
Growth: Plenty of Growth Opportunities Exist.
Business Listed By
Name:
Company: Lake Country Advisors
Phone: 844-522-7355

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