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.
The owner now wishes to retire and is willing to train and consult if needed.
