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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

One of the 20-largest Music Media Mail-order operations (Over 250K titles available on six websites based in the USA. 250,000 sought after and collectable titles records/CDs/cassettes/movies and a inventory management system.This offer includes optional 2 store chain of record store retail currently in operation plus online distribution platform (80,000 titles available on six websites). Our name is known around the globe as a premier outlet that has been buying and selling with some of the largest dealers in the recorded music industry in dozens of countries. Our clientele includes some of famous musicians and collectors in the music business. Currently based in Minneapolis/St Paul, which is widely considered the MOST LIVABLE, HEALTHY, and WELL-FUNCTIONING big city in the USA, but this business can be run from anywhere in the world if you are willing to move the inventory. You also have the option of retaining my services for the first 2 years to help with fulfilling orders or assisting in the management of the retail locations or packing and shipping the entire inventory anywhere in the world. I am a seasoned veteran of the music industry with over 35+ years experience in all aspects from label marketing and distribution to retail and online sales.

I'm selling this business solely b/c I am recently disabled.

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.

Contact this seller

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