Music Store Business

Music Store Business Success Stories [2024]

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Updated: September 6th, 2024

Thinking about diving into the music industry? A music store might be your ticket. This business involves selling musical instruments, sheet music, and accessories, serving as a local hub for musicians and enthusiasts.

Imagine a space filled with guitars, keyboards, violins, and drums. Your store could be the go-to spot for anyone looking to start or continue their musical journey.

The work requires more than just a love for music. You'll need to manage inventory, develop relationships with suppliers, and offer exceptional customer service. The ability to host workshops or offer instrument repairs can set your store apart.

Starting a music store isn't just about selling instruments; it's about creating a community. It's a fulfilling venture where business meets passion, making a tangible impact on local culture and art. Consider it if you want to blend business acumen with a love for music.

In this list, you'll find real-world music store business success stories and very profitable examples of starting a music store 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

How I Started A $550K/Month Flutes And Piccolos Online Store

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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2. Snake Oil Music News ($1.2K/year)

Jordan Williams, founder of Snake Oil Music News, was inspired to start the business after attending over 170 gigs and 11 festivals in 2019 and sharing his experiences on his personal Facebook page. Encouraged by feedback from friends, he launched Snake Oil Music News in October 2019, quickly gaining hundreds of likes and followers. The page has since expanded to include interviews with bands, music video production, and live events, with a bright future ahead.

How much money it makes: $1.2K/year
How much did it cost to start: $0
How many people on the team: 2

On Starting A Website About Rock Music

Snake Oil Music News is a website that promotes new and emerging indie rock bands and artists, with a focus on reviews and live events, and has expanded to include merchandise sales and video content creation, looking for volunteers to help keep up with demand.

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Read by 5,197 founders