Business Details

Exit Strategy Consultants are pleased to announce the listing of our client’s business for sale. This well-established music instrument and accessories shop was originally Formed in 1977 by a local drummer and Jazz legend Terry Turner and quickly became the centre of the local musical community. The business became the place to snap up the perfect guitar/ bass/ drum kit and maybe find that new band member that shared your musical aspirations! As Terry reached retirement age in the mid 1990’s the natural progression was for his friend and “adopted” son and Bassist “Vaughan Phelps” to take over and grow the business. At that time with the sudden explosion of guitar based bands such as Blur and Oasis the business grew from strength to strength and soon the stock outgrew the premises and the shop relocated to the current site in a 3-storey shop in an easy to get to location adjacent to the Town’s main shopping street where it enjoys maintaining the same traditions of yesteryear along with the new commercial success that comes from embracing the World Wide Web! Now stocking more than a thousand instruments, with well-presented displays including the “Wall of Guitars” , the new premises has extensive guitar sales area and a PA/ Drum/ Keyboard room along with all the necessary stock rooms as well. Also part of the success of our clients business is its guitar workshop and teaching facilities also housed within the same property, our client reaches out across Europe and the Atlantic to the States and beyond via an ongoing record of international sales and 100 % review rates whilst having the privilege of being the South Lakes premier musical store and one of the largest in the North West maintaining the Bricks and Mortar stability that gives locals their go to place to buy ,trade , repair and learn their instrument of choice! Now Vaughan has reached the same stage as Terry did and is looking to hand on the legacy and the legend to the next generation. The business has the luxury of being the leader in the field in the area so no competition. As the business is so well known and well established NO marketing budget has been needed, they have a very experienced team who is extremely knowledgeable and there is room for expansion at the current premises. The repair trade is growing and could be expanded by the right person. The PA and installation side of the business is something that can be expanded. The current owner derives no income from teaching but that could be incorporated to supplement already excellent earnings as there are two private teachers at the shop . Rehearsal facilities are in short supply locally and this could be an excellent area of income.
Current sales platforms are as follows:
Reverb: Turning over more than £100,000
eBay: £20000 to £30000 but has been as high as £140,000 annually
Shopify: website. Very small investment showcases product line up to local clients and grabs good sales with very low commission. Run internally, large return for low investment.
This business is a perfect bolt on business for a trade buyer who is looking for growth through acquisition or maybe this is just your dream job and you are looking to take advantage of all the trading history and story behind this well established and recognised business and walk into to a turnkey operation which is very profitable for the size of business. Full accounts are available on request subject to an NDA being signed and qualification.