Music Instrument Manufacturing Business Success Stories [2024]
Do you have a penchant for craftsmanship and music? Starting a music instrument manufacturing business could be your perfect venture. This business involves creating musical instruments, from guitars and pianos to trumpets and flutes, meticulously crafting each piece to produce superior sound quality.
The world of music is vast and ever-evolving, ensuring a steady demand for quality instruments. Your business would cater to musicians, schools, and music stores, offering them uniquely designed, handcrafted instruments. The pride of seeing your product creating beautiful music is immensely rewarding.
To succeed, you'll need a keen eye for detail, a good ear for sound, and solid woodworking or metalworking skills. While setting up a workshop and sourcing materials may require an initial investment, the satisfaction of building something from scratch and the potential for high returns make it a compelling prospect. This business promises both creative fulfillment and financial stability.
In this list, you'll find real-world music instrument manufacturing business success stories and very profitable examples of starting a music instrument manufacturing business that makes money.
1. Flute Center of New York ($6.6M/year)
Phil Unger founded the Flute Center of New York after pivoting from his Radio-TV degree to musical instrument repair, influenced by his musician father. By specializing in professional flute repair and building personal relationships, he grew the business to $7M in sales by 2019.
How much money it makes: $6.6M/year
How much did it cost to start: $5K
How many people on the team: 16
Flute Center of New York is the largest flute-centric company in the world, servicing musicians globally with an impressive retail level sales of over 7 million USD in 2019 by selling flutes and piccolos ranging from $500 to an astonishing $75,000.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.