Renowned Specialty Piano Store

Renowned Specialty Piano Store

Renowned Specialty Piano Store

LISTING DETAILS

Listing ID: 3248
Type of Sale: Share
MLS Code: Exclusive
Industry: Retail - Stores
Reason for Sale: Retiring
Training & Support: Yes
Asking Price: $580,000

ASKING PRICE
$580,000
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
Days & Hours of Operation: Mon-Fri 10am-6pm, Sat 10am-6pm, Sun 12pm-5pm
Employees: 6 FT, 4 PT
Franchise: No
Square Footage: 17,000 sqft

Monthly Rent: $21,800 (incl TIM) + HST

FINANCIAL INFORMATION

Gross Revenue: $3,600,000
SDE: $226,000

FFE Included: Yes

Inventory Included: Yes

Financing/Terms: Financing Can Be Arranged For The Right Candidate

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.

For more information on this listing, please complete our Non-Disclosure Agreement

CONTACT US ABOUT THIS LISTING

A R Business Brokers Inc., Brokerage