Sealed Bid Auction, subject to approval by the Estate. Suggested minimum bid of $50,000.
All bids must be received by close of business, April 22, 2025.
- Address: 1055 Commercial, SE, Salem, OR 97302 – Average of 25,000 plus vehicle traffic a day (City of Salem – 2017).
- Retail Music Business selling LP Vinyl Records, CDs, DVDs, music related ephemera, accessories. Established in 2002. Store location is leased.
- Turnkey business with large inventory, fixtures, stereo system.
- Three years gross sales, 2021-2023, averaging nearly $200,000 per year. (Note: this includes online sales in addition to brick-and-mortar sales).
- Store is being sold as part of an estate. Owner is deceased.
- Request Bid Package from Auction Company.
- $5,000 deposit required to submit bid. Deposit becomes non-refundable for winning bidder when entering into contract. 10% Buyer’s Premium.
For Bid Packet and Instructions, contact Terry Mangum, Auctioneer: 503-990-6976, terry@CapitolAuction.net