In the next few weeks, The Music Box will be closing down. For anyone who doesn’t know what The Music Box is, WHY NOT?
I’ve been looking after this little musical instrument store for a while now, it was originally started as Rox Music 3 years ago by my girlfriends Dad as an extension of his market stall, buying cheap electric guitars and making them into usable instruments, as well as selling books and other musical related gifts.
But as his ideas of what the shop should be changed (this happens a lot) the place started to evolve, but bad management and no real accounting system meant that eventually he had to close the business. I started to get involved just before this happened.
In order to make use of the stock leftover from Rox Music and our long-term lease on the building, we re-opened as The Music Box and with input from myself and my girfriend started to sway more toward folk music instruments (Ukuleles, Banjos, Mandolins, Acoustic Guitars etc etc). Within the space of a year we had gained much more interest in our business and seemed to be doing well, until my girlfriends father saw an opportunity to move into a larger shop space across. So without taking into consideration the extra cost of filling the new shop space, paying extra rates and extra rent, we moved.
This lasted 11 months or so and we quickly started to run up late payments with our suppliers. This is how not to run a retail premise. Long story short, we are now selling everything at low prices to recover any costs, pay off suppliers and we’ve done pretty well. I’ve given myself the task of getting everything straight for the last 8 months or so.
Anyway, there is a silver lining to this slowly sinking cloud. There has been no real extra loss on top of the original loan that my girlfriends parents applied for in year one. The same can’t be said for many businesses that have fallen by the wayside. Also, in this time I have learnt some hard lessons about small business, and intend to save up some money in 2012 and come back toward the end of the year with a new, refreshed music shop (we still have the lease on the building and I still want to sell instruments)
Some ideas for the new shop so far: Plenty of Ukuleles, Banjos and other folk instruments from around the world. A workshop for building and fixing electronics (guitar pedals, amps, pickups etc) and more promotion, better use of the resources on the internet and also seeking help from friends (I can’t do it on my own)
So in the meantime, make sure you head down to The Music Box, 16 Baker Street, Brighton, BN1 4JN before we close up and grab yourself a bargain. It’s all going pretty fast so if you need something specific give us a call on 01273 677767. Also look out for the new music store (any suggestions for names welcome) coming, hopefully, at the end of the year at the same address. Also you can find The Music Box online at www.musicboxbrighton.com. This site will have no ties with the new store and doesn’t make enough money to keep the current shop afloat.
Enough ramble.
Peace.