Specialist Music Retailer and Online Store
Specialist Music Retailer and Online Store
Industry :
Leisure/EntertainmentSub Industry :
Music/VideoSpecialised and destination retailer primarily focused on the Heavy Metal, Hard Rock, Classic Rock and Punk genres that has been operating since 1978.
There are three major product segments, which are Vinyl Records, Compact Discs and Band Merchandise. There is a Sydney store as well as an online store with significant Social Media engagement through Facebook and Instagram. There are 25,000 active customers on file who have purchased from the business in the last 12 months with many repeats. As a destination store, a significant amount of business comes from intrastate, interstate and overseas customers.
There has been sales growth in each of the past 16 years and sales for the current year to date are approx. 12% above the comparative sales figures in the previous year.
Several significant sales growth opportunities are yet to be realised, including export, product range expansion, festivals and fairs, etc. Excellent gross margins.
There are 8 Full Time Staff, including a Manager, and 3 Casual Employees. The store has been situated in the current location since September 2010.
- To negotiate the best possible result in every transaction for every client.
- To market every business listed with us with optimum efficiency and speed.
- To project every client's business and name professionally and with appropriate confidentiality in the market place, and
- To maintain effective communication with every client throughout the marketing period.
- To make the name of CORE BUSINESS BROKERS synonymous with integrity and fair dealing.
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$1,250,000
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Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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