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Business Listed by

Sunbelt Hampton Roads

Contact: Fouad Mohit
Office Phone: 757-557-0006
Mobile Phone: (757) 237-2301
Listing ID: HAMPTVA001-N1594

Music Retail & Record Store

Financial Information

  • Asking Price: $67,900
  • Gross Revenue: $300,000
  • Cash Flow: $40,000
  • Down Payment: $67,900
  • FF&E (Included): $10,000
  • Inventory: $50,000
  • Financing: No

Business Location

  • Hampton Roads
  • Virginia
Primary Business Category: Sporting Goods, Hobby, Book, and Music Stores

Purchase this established music store with over 3 decades of service and $50K work of inventory INCLUDED! This music store has been in the music business for over 35 years. Originally established in 1977 under a different name, the business has been operating under the current brand since the early '80s. With a wide range of music in a variety of categories that include: vintage rock, r&b, jazz, blues, country, folk, etc., they appeal to a wide section of a resurging niche market. Even without a website, which is a potential area for growth at a low price-point, this music store has built a positive online presence through positive reviews and word of mouth. This is an ideal opportunity for an enthusiast looking to turn a hobby into a business into with a pre-existing customer base and established concept. Contact FOUAD MOHIT at (757) 237-2301 or [email protected] for more information today.

Financing Comments

Seller consider some owner financing.

Reason For Sale
Absentee Owner
  • Home Based: No
  • Year Established: 1990
  • Franchise: No
  • Year Acquired: 1990
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Monday - Saturday
  • Hours Open: 11:00AM - 7:00 PM
  • Fulltime Employees: 1
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $1,700
  • Building Size: 2400 sq ft
  • Parking: Ample
  • Monthly Rent: $1,800
  • Lease Expires: 11/28/2017

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