Music stores can be a fun and exciting business to own but can also face many challenges. A decline in the physical music sales and the current state of the music industry can make it hard for music stores to thrive in the world today. Due to this fact, many banks will deny business owners loans because of the risk. Small Business funding can get your music store the funding it needs to grow and thrive as a business.
Although there has been a decline in sales of physical formats, they are still a major player in the revenues of the music industry. Physical formats accounted for 24 percent, or $691 million) of revenues in the last year. Additionally, vinyl sales have been rising dramatically, bringing $221 million in revenue, which makes music stores a business with growing potential. If you