Musical Instrument Sales Business Success Stories [2024]
Thinking about combining your passion for music and business acumen? Consider opening a musical instrument sales business. At its core, this involves sourcing a variety of instruments and related accessories for sale, either in a physical store or online.
The demand for musical instruments spans hobbyists to professionals, which means a steady customer base. You'll need to carefully select high-quality instruments, engage in effective marketing, and maintain excellent customer service. Building relationships with suppliers and staying updated with industry trends will be crucial for success.
If you've always dreamed of working with guitars, pianos, or drums, this business provides a fulfilling opportunity to immerse yourself in the world of music while generating income. It's hard work, but for music lovers, thereβs nothing quite like turning your passion into a thriving business.
In this list, you'll find real-world musical instrument sales business success stories and very profitable examples of starting a musical instrument sales 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.
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.
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.