A unique resource for stringed-instrument music professionals in a major metro area, with monthly recurring revenue thanks to a healthy rental program. This is a full-service instrument shop, not a general "music store". It offers sales and restoration of stringed instruments (violins, violas, cellos and basses), both hand-made and commercial, including antique and contemporary, in addition to rental instruments. Priced at 1.5x net, plus cost basis of inventory (approx $110,000 (rental instruments etc.). Seller also has $200,000+ in high-end instruments that can be included in the total sale if desired. In addition to instrument sales, the ongoing business has repair, rental, accessories, and sheet music. A loyal clientele built over 40 years of operation comes from an 80-mile radius. Profitable through the COVID period. despite the closing of schools that form the rental base, this business has existed on referrals and repeat business for many years. Key staff are aware of owner desire to retire and would consider remaining. A new owner will find substantial growth opportunities in marketing to re-opening schools and teacher programs, as well as finding new channels to promote sales of the high-end instruments. The current space offers easy customer access and is divided into several convenient workspaces, but the business is not dependent on that location; it requires no special conditioning and is easily relocatable.
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