Invest in the Beat: 30+ Y/O Thriving Independent Record Store with Strong Community and eCommerce Presence for Sale
Strategic Location; Multiple Revenue Streams; Experienced & Knowledgeable Staff
The Company is headquartered in a vibrant midwestern town known for its thriving music scene and love of independent businesses, but their presence does not end there. The company also reaches customers nationwide through successful e-commerce channels. The Company is an iconic independent record store, offering an extensive selection of vinyl records, CDs, and accessories in-store and online. The brick-and-mortar retail location has been a staple of the local music community for over 30 years. The Company currently generates revenue through in-store retail sales and e-commerce platforms Amazon, Discogs, eBay, and direct purchases from their website.
The Company has established partnerships with major labels and distributors, as well as local and national media outlets, creating opportunities for collaboration and exposure. In addition to vinyl records and CDs, the business sells turntables and accessories, which provide additional revenue streams.
Purchase Considerations
- Strong revenue mix with 60% of revenue from retail locations and 40% from E-Commerce/digital platforms. Significant opportunity for savvy e-commerce operator to generate strong revenue growth on the e-commerce side.
- Over $2.1mm in sales in 2022 with a Seller’s Discretionary Earnings of $750,000 for an impressive 35% margin.
- In the last three years, the business has demonstrated impressive financial growth, with revenues increasing at a 20% CAGR and net income increasing at a 52% CAGR.
- Amazing location in a trendy shopping district attracting foot traffic from a neighboring anchor grocery store. The business is located in a large state school college town with a vibrant music community.
Certain principals of Raincatcher are registered representatives offering securities and investment banking services through Britehorn Securities, a registered broker-dealer (member FINRA/SIPC). Britehorn Securities and Raincatcher are not affiliated entities.
Negotiable