For Sale $90,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

VIC

For Sale $90,000

Business Details

Retail - Music School - Musical Instruments - Hire - Melbourne City Fringe

\nRetail - Music School - Musical Instruments - Hire - Melbourne City Fringe - Agent SBX Code Number: GVV1010

Retail Music shop - selling an extensive range of musical instruments, PA systems and other sound & audio accessories. + Music Teaching (contracted teachers) - a separate upstairs facility comprising of 6 rooms to cater for around 180 students learning various musical instruments & singing. + Equipment Hire, Installation & Repairs - outsourced technical support and repairs. - This a very profitable business with a large database of 10,000+ customers, supported by knowledgeable and experienced staff.

Potential
Could open 7 days. - Suit energetic owner or investor.

Features
Very well established for 34 years - Very well built internet site. - Knowledgeable and skilled staff. - Excellent point of sale database system.

Premises
224 m2 downstairs - sales, hire, service and storage. - 79 m2 upstairs for music school.

Location
Prime location on main street amongst major banks, post office, etc.

Trading Hours
6 days. - Mon. - Fri. - 10 a.m. - 6 p.m. -Sat. - 10 a.m. - 4 p.m.

Lease
Vendors are also the landlord - terms and options are negotiable to suit both parties. - Lease provides for 2 car garage + 2 additional spaces at rear.

Employees
2 owners + 1 full-time + 1 casual

Comments
Misc 1 = regular book keeping + company car expenses + postage printing & stationery - Misc 2 = Computing (Point of sale system - no fix contract) + credit card & effpos charges + repairs & maintenance + repairs to stock & hire dept - The freehold is also for sale separately for $2m ex gst. - Note half of upstairs is currently separately tenanted for $18,000 + GST PA and can be leased by the potential buyer wanting to live on the premises if required.

Figures
Weekly Sales $13972
Rent (ex GST) $1154
Wages $1106
Profit $3784

Agent SBX Code Number: GVV1010 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Retailer
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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Enquire

SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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