Thriving Record Shop Based in Chichester
£100,000
£184,621
£37,744
Overview
Leasehold
2016
- Excellent Reputation
- Friendly & Professional Team
- Very Loyal Customer Base
- Huge Growth Potential
This well-established record shop, located in the heart of the beautiful and historic city of Chichester, has been thriving since 2016. With a focus on brand-new vinyl only, the shop offers a diverse selection of new releases and timeless classics, with a particular focus on jazz. This independent store is beloved by its loyal customer base, drawn in by its curated selection and its owner’s passion for analogue sound.
Inspired by a personal challenge in 2010, where the owner gave up all digital entertainment for a month to immerse himself in his collection of records and cassettes, this passion for the tactile experience of music became the foundation for opening the store.
In addition to its physical store, the business has an e-commerce platform on its website, offering another revenue stream. However, there is limited social media presence, leaving ample room for growth and brand visibility through digital marketing.
Chichester, with its charming streets and stunning cathedral, provides the perfect setting for this unique venture. The business would be an ideal fit for an audiophile with a love for vinyl and a dedication to independent music culture. The sale includes all inventory, fixtures, and fittings, presenting a fantastic opportunity to acquire a successful record store in one of the most inspiring cities in the UK.
This is a pure asset sale, including goodwill, inventory, fixtures, and fittings. The business operates under a limited company that also manages other music-related ventures. The branding and name are not included in the sale.
The seller is open to negotiation on the asking price
Branding/name is not included in the sale. This is a pure asset sale.
The record shop offers a wide variety of music genres, with records and other music-related products being its core business. Managed by the vendor, with one full-time worker, the shop has built a strong reputation since its establishment.
The shop features a modern and trendy interior that creates a welcoming atmosphere for music lovers. All inventory, including stock, fixtures, and fittings, is included in the sale, making this a turnkey opportunity.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a ten year lease which began in 2017 at a cost of £461 per week.
The record shop offers excellent growth opportunities with the potential to expand and open additional locations.
Increased marketing efforts, particularly through online channels and social media, could also help drive more traffic to the store.
With the right strategy, this business could further capitalise on its strong reputation and unique offering in the music retail market.
Features
Online Presence
Location
- High Street Location
- Close to Local Businesses