Guitar Exchange - Business Overview
Guitar Exchange has been proudly serving the local Morayfield area and surrounding communities since 1997.
The business is conveniently located just a few minutes walk from the bisy Morayfield Shopping Centre and is positioned on the prominent intersection of Morayfield Road with ample sign frontage available.
The business combines a well established music retail operation with a strong and successful music school. The premises comprise approximately 180 sqm and are divided into two sections, allowing the music school to operate independetly of the retail business after normal trading hours.
The music lesson department features seven operational teaching rooms and a dedicated administration desk. Studnt numbers have remained consistently strong, with more then 200 students currently enrolled.
The retail arm has tradionally focused primarily on guitar related products, but there is significant opportunity to broaden the product range and furhter develop the retail side of the business.
The current owners established the business in 1997 and have successfully operated it for almost three decades. Having since relocated several hours away from Morayfield, they are now looking to simplify their lives and pass the the business on to an energetic new owner who can take advantage of its considerable potential.
The business has remianed relatively neutral in recent years, presenting an opportunity for a motivated owner to re-energise the operation, introduce new ideas and capitalise on the strong local market.
With the continued growth of the Morayfield area and surrounding communities, there is considerable potential for a dedicated and energetic operator to grow the business further.
The current rental agreement is very flexible and there is an opportunity to renegotiate the existing terms with the landlord.
The current owners are also prepared to assisit with the transition and handover process to ensure a smooth change of ownership.
