Renowned Specialty Piano Store

ASKING PRICE:
$58,000,000

LISTING DETAILS:

LISTING ID: 3248

TYPE OF SALE: Share

MLS CODE: Exclusive

INDUSTRY: Retail - Stores

REASON FOR SALE:

TRAINING & SUPPORT: Yes

DESCRIPTION:

This thriving, turn-key business was founded in 1983 and has become a household name, not only in the GTA but across Canada and beyond. Together with it’s knowledgeable, friendly staff and highly skilled piano technicians plus 17,000 sq ft of showrooms, workshops, warehouse, and luxury offices, you can see over 200 pianos at any given time. These include top of the line digital pianos, a variety of well renowned used, reconditioned instruments, and an even larger selection of new acoustic pianos. As well as retail sales, the store is famous for repairs and restoration, including refinishing of older instruments. While this business runs like a well-oiled machine, it also offers room for growth to anyone looking to expand its existing online presence/website, sell other musical instruments and accessories, or the opportunity of creating a music school since the business is located centrally, and boasts plenty of available free parking. Listing ID: 3248

COMPANY INFORMATION:

YEAR ESTABLISHED: 1983

FRANCHISE: No

SQUARE FOOTAGE: 17,000 sqft

MONTHLY RENT: $21,800 (incl TIM) + HST

FINANCIAL INFORMATION:

GROSS REVENUE: $360,000,000

SDE: $22,600,000

FINANCING/TERMS: Financing Can Be Arranged For The Right Candidate

FFE INCLUDED: Yes

INVENTORY INCLUDED: Yes

EBITDA: N/A

FOR MORE INFORMATION ON THIS LISTING, PLEASE COMPLETE OUR NON-DISCLOSURE AGREEMENT

DISCLAIMER:

The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

SOLD

CONTACT US ABOUT THIS LISTING11

CALL US:

+1 (416) 333-7999

TEXT US:

(647) 558-2180

EMAIL US:

info@aldrin.ca