Details - Information last confirmed on June 1, 2021
After 75 years, this historic listing is one of the largest manufacturers and distributors of high quality band instrument repair tools, instrument accessories, repair and replacement parts in the world, providing to over 8,000 active clients. Company is known worldwide and has given repair clinics throughout the world in places such as Norway, Germany, and many other locations, constantly designing and introducing new tools and products to meet the customer’s demands and needs. There is much opportunity for increased market share by focusing on marketing both in e-commerce and in traditional sales methods. Also, by expanding into other instrument parts and tools, there is additional opportunity for increased growth. Business maintains over 3,000 parts to meet any need a customer might have, whose base consists of wholesale distributors, music instrument stores, instrument repair shops, colleges, and schools across the globe. Marketing efforts rely on repeat business, referral sources, and internet sales. Revenues have remained at $2.9MM consistently from 2017 to 2019 and declined only by 12% in 2020 due to the 3 month pandemic shutdown. Revenues reached $2,562,319 in 2020 alongside Seller Discretionary Earnings of just over $1MM. With two buildings the first is 12,720 sq. ft. and the second is 6,652 square feet, also with a 360-sq. ft. storage container on the property and a 2-bedroom apartment; Real Estate is included in the purchase price as well. Contact broker today for more details!
Listing includes Inventory valued at $3,000,000, Equipment of $628,000, and Property valued at $600,000.
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