The business was founded in 2007 and has gone from zero to $1.2 million in revenues in that time. 2015 revenues are on track to be over $1.7 million. The business sells high-end musical instruments and accessories to musicians and dedicated collectors. In addition to selling over its own website, they also sell on eBay and other sites dedicated to the sale of musical instruments.
The business has relationships with the best manufacturers in the business and in some cases enjoys better margins than other dealers. The two employees can manage the day-to-day business and are experts in e-commerce, online marketing, and product knowledge.
The owner spends about 7-10 hours a week in the business.His limited access to capital has slowed the growth of the business. Investing in more inventory, adding other product categories, and increasing online marketing should lead to strong, continued growth. The business had been pre-approved for bank lending.
USA, Cook County Illinois, Illinois
Sold – Online Sales of High-End Musical Instruments
– Leading online retailer in its category
– Strong relations with outstanding vendors
– Excellent staff who manage the business day-to-day
– Owner works less than 10 hours per week in the business