Record stores in general, are very popular again and, in fact, are booming all over Australia and the rest of the world.
People generally and music lovers are returning to the warm, natural sound of music on vinyl. i.e. Records.
And new records are being pressed and produced in large numbers again, and the sales demand is quite staggering.
At the Record Store, sales are largely second-hand LP records and hi-fi equipment which includes the turntables, amplifiers and speakers that are required and in demand to play and listen to records.
The business has many repeat and regular customers.
Effective advertising strategies bring in the stock for the business. Mainly second-hand records.
There is no shortage of potential stock. It keeps coming through the door. Generally speaking, the business doesn’t have to go looking elsewhere for stock. It comes in
Growth opportunities for revenue can come from:-
The present owner realistically believes that gross sales turnover could be doubled from the present $107k annual turnover to around $200,000 annual turnover with the introduction of NEW vinyl into the shop.
Most record stores in Australia and around the world have a combination of new and second-hand LP record stock. NEW records are quite easy to obtain also from wholesale suppliers overseas.
Information Memorandum Availability
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