Iconic Music Store Near Ormond for Sale

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 vendor-stated 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 — Near-zero local competition in the repairs and servicing segment — a technically skilled niche that online competitors simply cannot replicate — Dual revenue streams: 70% in-store retail and 30% online sales, plus a high-demand instrument repairs division — Established long-term school supply relationships serving local schools from kindergarten to secondary level — a recurring, institutional revenue base — Located in a high-density private school demographic where families actively invest in music education — a natural, self-replenishing customer pipeline — Two-storey 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 — long-term relationships providing competitive ranging and reliability — Landlord open to signing a new lease with an incoming tenant — providing security and tenure beyond the current month-to-month arrangement — Full asset package included: 7 computer terminals, 9-camera 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 Mobile: 0412 223 047 Email: [email protected] Office: 1300 737 961 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. PLEASE NOTE: Any images relating to this business are indicative only By sending an enquiry to Mercury Business Sales and Valuation you agree to be marketed to in the future for similar businesses through email alerts/SMS messages. This is at NO COST to you and at any time you wish to cancel your subscription please simply unsubscribe it. http://www.consumer.vic.gov.au/duediligencechecklist