Orchestral Instruments Retail, Rental, and Service - Multiple Location

BUSINESS HIGHLIGHTS The Company specializes in the sale, service, and rentals of orchestral instruments and accessories. The Company has over well over 70 years of combined industry experience, and has a violin maker on staff. The Company primarily targets school districts and gets many private customers as well. The Company maintains an average of 4,500 - 5,000 active contracts and achieves a 90% rate of repeat business. The Company has roughly 7,700 square feet of retail space across its locations. INVESTMENT APPEAL Highly Profitable Niche Business - Over the past three years. the Company maintained an average EBITDA margin of 26.6%. As of November 30, 2020, YTD EBITDA was over 27%, despite COVID. Strong Supplier Relationships - The Company has long-term relationships with its vendor base. The Company has multiple vendors for each of the materials it utilizes in order to reduce the risk of losing a single supplier. Diversified Customer Base - No single customer accounted for 1% or more of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. Rising Gross Profit Trend - The Company’s gross profit margin increased over the historical period from 75.5% of sales in 2017 to 83.3% of sales in 2019. As of November 30, 2020, YTD gross profit margin was over 86%. Location: Texas