For Sale Price: EOI

Profile

Description:

Specialised 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.

Financials

For Sale Price: EOI

Long financials: 3 Years

Turnover: Disclosed with NDA

Net Profit: Disclosed with NDA

Rent: $126,236

Lease: 4 years with option

Staff: 9

Stock: $700,000

Broker

Broker:

Roy Levy 0416 124 860

To express interest in this business, please complete this Register Interest form and we will contact you.

Confidentiality Agreement

For a detailed business profile complete this Confidentiality Agreement:

"*" indicates required fields

Provider of Confidential Information:

Hidden

BusinessID (Hidden - no spaces)

Pear Business Brokers Pty Ltd ABN 28 084 390 125 t/as Core Business Brokers
in its capacity as agent of its named or unnamed principal
Level 13, 465 Victoria Avenue, Chatswood NSW 2067
Phone (02) 9413 2977 Fax (02) 9413 3818 Email: [email protected]

Recipient of Confidential Information:

Please complete all the information below

Name*

First Last

Address*

Street Address Suburb State Post Code Country

Email*

Enter Email Confirm Email

Telephone*

Fax

Confidential Information Covered*

How did you hear about us?

Type of business you are interested in buying?*

Acceptance

Date of Acceptance*

Permitted Purpose*

Recipient will use the Confidential Information only for the purpose of analysing such information so as to make an informed decision as to a proposed purchase of part of the assets of a business, the whole business or the sale of shares in the business/es referred to above or any new businesses introduced to you in future.

We accept this confidentiality agreement

Name

If on behalf of a company complete the section below:
Signed by the recipient named above in accordance with section 127 of the Corporations Law:

Director

Secretary

General Terms

1. When must we disclose the information to you?
1.1 We must make that part of the confidential information available to you that we consider in our sole discretion to be necessary for you to carry out the project.
1.2 The confidential information always remains our property. This agreement does not give you any right, title or interest in it. We make no warranty as to the accuracy, content, legality or completeness of the confidential information.

2. How must you treat it?
2.1 You must use the confidential information only for the permitted purpose. You must not use or exploit it for your own benefit or for any other purpose, or allow any other person to do so without our written consent.
2.2 You must not disclose it, and must ensure that your employees, contractors and agents do not disclose it to any other person except as required to carry out the project and then only on a confidential basis. You will, on our request, arrange for such persons to execute confidentiality undertakings in our favour that they are bound by this agreement as if a party to it.
2.3 You must take reasonable steps to protect the confidential information and keep it secure from unauthorised persons.
2.4 You must inform us immediately if:
(a) You become aware or suspect that there has been a breach of these obligations; or
(b) You are required to disclose the information by law.
2.5 At the end of the project or if we ask for it earlier, you must return the confidential information, and all copies, notes and memorandums relating to it, to us as we direct.
2.6 You do not have to treat as confidential information
(a) Which is or comes into the public domain, except information that is or becomes so because it has been disclosed without authority; or
(b) Which is lawfully known to you before the date of this agreement; or
(c) Which is or becomes available to you from another person who is in possession of it lawfully and can disclose it to you on a non-confidential basis; or
(d) Which you are required by law to disclose but you must seek to limit that disclosure in any way we reasonably request.

3. Indemnity
3. You indemnify us against all loss, damage, expense and costs arising because you do not observe the conditions of this agreement for any reason.

4. Duration
4. Your obligations under this agreement continue after the project ends.

5. General
5.1 We do not enter into this agreement in our personal capacity but only in our capacity as agent of our named or unnamed principal.
5.2 This agreement contains the entire agreement between you and us and takes the place of all other statements about the confidential information.
5.3 This agreement may be varied only if you and we agree in writing.
5.4I f we do not exercise a right at any time in connection with a default under this agreement, this does not mean that we have waived the right or cannot exercise it later.
5.5 This agreement is governed by the laws of New South Wales. You and we submit to the non-exclusive jurisdiction of its courts and courts of appeal from them.
5.6 By signing this agreement you permit us to add your details to our database and authorise us to communicate with you from time to time regarding new business opportunities.

We means the provider named on page 1.
You means the recipient named on page 1.

NOTE: Agreement hereto confirms that I have read and accepted the terms.*

I have read and accepted the terms

This field is for validation purposes and should be left unchanged.

Broker:

Roy Levy 0416 124 860

See All Listings

Specialist Music Retailer and Online Store