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Listing ID: 2958750

36-year Record / CD / tape MUSIC MEDIA Retail & Mail-order Empire For Sale

PO Box 10512, Minnesota, United States

$ 250,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 65,000

Cash Flow: $ 140,000

Business Description

250,000 records/CDs/cassettes/movies, multiple record store retail and distribution platform. One of the 20-largest Music Media Mail-order operations (80,000 titles available on six websites) in the USA. WORLD RENOWNED- we buy and sell with some of the largest dealers & coolest ROCK STARS in dozens of countries. Based in what is widely considered the MOST LIVABLE and HEALTHY big city in the USA- Minneapolis St Paul. If you don't mind cold weather, this place is PARADISE and WELL-FUNCTIONING. Since I ain't going anywhere, and I've got nothing else to do, I will WORK FOR MINIMUM WAGE for two years for you. It's inexpensive to live in Minneapolis- St Paul, if you're crafty, you can buy a house on a part-time job. I'm selling this business solely b/c I am recently disabled, so PLEASE BUY GOJOHNNYGO DOTT COMM.

Please contact us for more details.

Property Details

Size:

retail: 600 sf, store room: 800sf, warehouse #1: 1330sf, warehouse #2: 1400sf

Years Established:

1982-2018

Property Type:

Lease

FF&E:

$ 5,000

Inventory Value:

$ 245,000

Other Details

Business Location:

Maplewood Mall, 3001 White Bear Ave N #2025, Maplewood, MN 55109

Premise Details:

This is a MAIL-ORDER operation with a 36 year history, a RETAIL store in a large shopping mall, and a distribution network that involves many local, midwestern, and even record stores all over the world that we sell wholesale to.

Competition:

There are 47 retail record stores in the Twin Cities. I started 9 of them. Not competitive; there is a lot of COOPERATION between stores (we share events, etc). Online, our website selection of 80,000 records ranks #11 in the USA, last time I checked in late 2017.

Expansion Potential:

more records= more business online= more stores, if you want. There are at least six neighborhoods/suburbs of the Twin Cities that could easily support a new record store in 2019.

Living Accommodation?

one-year lease signed at The Mall, yearly lease on warehouse #1, month-to-month lease on warehouse #2

Operation Details

Employees:

3

Trading Hours:

10am-9pm M-Sat, 11-6 Sun

Support & Training:

Since I ain't going anywhere, and I've got nothing else to do, I will WORK FOR MINIMUM WAGE for two years for you.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

I'm selling this business solely b/c I am recently disabled, so PLEASE BUY GOJOHNNYGO DOTT COMM.

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