Iconic Music Store Near Ormond for Sale
"33 years of goodwill, $98K net profit, and zero local competition"
THE OPPORTUNITY
For 33 years, this music store has been the go-to destination for local parents, students, and musicians in Melbourne's inner south-east. With annual turnover of over $600,000, a vendor-stated net profit of approximately $98,000, strong weekly sales of $13,000-$15,000, and virtually no local competition in the repairs and retail segment, this is a rare, defensible business with deep community roots and real growth potential.
The vendor is retiring after more than three decades of dedicated ownership and is willing to remain on for an extended handover period - for as long as the new owner needs.
WHY THIS BUSINESS STANDS OUT
- Annual turnover exceeding $600,000 with a vendorstated net profit of approximately $98,000 a proven, commercially sound operation
- Strong weekly sales of $13,000$15,000 with zero debtors all accounts paid upfront, providing strong and predictable cash flow
- 33 years of brand equity and community loyalty the trusted, established destination for instruments, accessories and repairs in the area
- Nearzero local competition in the repairs and servicing segment a technically skilled niche that online competitors simply cannot replicate
- Dual revenue streams: 70% instore retail and 30% online sales, plus a highdemand instrument repairs division
- Established longterm school supply relationships serving local schools from kindergarten to secondary level a recurring, institutional revenue base
- Located in a highdensity private school demographic where families actively invest in music education a natural, selfreplenishing customer pipeline
- Twostorey 200sqm premises ground floor retail and repair workshop, plus an entirely unutilised upper floor with immediate potential for music lessons, studio hire or subletting
- Global supplier network built over decades longterm relationships providing competitive ranging and reliability
- Landlord open to signing a new lease with an incoming tenant providing security and tenure beyond the current monthtomonth arrangement
- Full asset package included: 7 computer terminals, 9camera monitored security system, shelving, counter and all repair tools
ASKING PRICE: $165,000
Detailed financial information available to qualified buyers following a signed confidentiality agreement. All enquiries handled in strict confidence - contact the exclusive agent today.
EXCLUSIVE SELLING AGENT
Jennifer Angsiting - Business Broker
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Email: [email protected]
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DISCLAIMER:
Mercury Business Sales and Valuation and/or their agents, for themselves and for the vendor of this business for whom they act give notice that (i) All information given in relation to this business, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment Mercury Business Sales and Valuation has any authority to make or give any representation or warranty.
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