The Record Store of SA, Warradale, South Australia

$85,000
G1YI2J1UK3
2 months ago

Highlights

    • Regular and repeat business
    • Business in operation 7 years and growing
    • All setup, the hard work has been done
    • Opportunities to double turnover in one year
Overview
The Record Store of SA is situated on Sturt Road, Warradale. The business has been operating successfully for seven years in this location.

Record stores in general, are very popular again and, in fact, are booming all over Australia and the rest of the world.

People generally and music lovers are returning to the warm, natural sound of music on vinyl.  i.e.  Records.

And new records are being pressed and produced in large numbers again, and the sales demand is quite staggering.

 At the Record Store, sales are largely second-hand LP records and hi-fi equipment which includes the turntables, amplifiers and speakers that are required and in demand to play and listen to records.


Business Details

    The business has many repeat and regular customers.

    Effective advertising strategies bring in the stock for the business.  Mainly second-hand records.

    People come to the business with their records to sell and the business purchase these and then resells the records at a good profit.

    There is no shortage of potential stock.  It keeps coming through the door. Generally speaking, the business doesn’t have to go looking elsewhere for stock.  It comes in

    The business has a wide range of products including:-

    1. Second-hand LP records;
    2. Second-hand CDs;
    3. Also some DVDs, music-related books and retro men’s shirts;
    4. Second-hand Hi-Fi equipment, including turntables, amplifiers and speakers.

      Growth opportunities for revenue can come from:- 

      • Introducing new stock lines, that is, brand new LP records – huge potential;
      • Introducing new LP turntable sales;
      • Introducing band T-shirt sales;
      • To utilize existing web platform sites such as ebay and Discogs (specifically for record selling site);
      • Develop own website or online store to conduct internet sales of records. Most record shops these days do sell online as well as through their bricks and mortar retail outlets. Presently the business does not sell online;
      • Developing a Marketing plan and strategies and implementing this plan;
      • Working on developing even more referrals and repeat business;
      • Opening longer hours.

        The present owner realistically believes that gross sales turnover could be doubled from the present $107k annual turnover to around $200,000 annual turnover with the introduction of NEW vinyl into the shop.

        Most record stores in Australia and around the world have a combination of new and second-hand LP record stock. NEW records are quite easy to obtain also from wholesale suppliers overseas.

         

        Information Memorandum Availability

        View the 'Information Memorandum' for more detailed information and next steps  - Click here to read

        Dashboard Favourites/Questions

        Click on the 'Add to shortlist' heart shaped button to keep this business in your 'Favourites' and refer to it at a later time.

        Click on the 'Contact Seller' button to send a message or ask a question.

        Please Login to view more details.

        Disclaimer:

        Images used may be stock images and not representative of the listing. Any reference to earnings, EBIT or EBITDA, may include add backs relevant to the current owners. Investing in a business, private company, or fund carries a high level of risk. This information is not intended to provide tax, legal, or investment advice, nor is it a solicitation or offer to purchase or sell any securities or other financial instruments. We provide free tools and resources to assist users in performing due diligence and strongly encourage them to conduct their own independent due diligence prior to investing in a business, securities, or financial instruments. A purchaser must be willing to accept the loss of their investment and is encouraged to obtain additional information, opinions, financial projections, and legal or other investment advice prior to investing or purchasing.

        Please Login to view more details.

        Business Location Adelaide, South Australia, Australia

        Please Login to view more details.

        Please Login to view more details.

        This website uses cookies to help us display personalised listing recommendations for you.