Kenny’s Music Joins Forces with The Guitar Trade Centre
Kenny’s Music, a leading retailer of musical instruments and accessories in the UK, is thrilled to announce its merger with The Guitar Trade Centre, a key player in the pre-loved and vintage guitar world. This is part of Kenny’s Music’s wider expansion plans which are being supported by an equity crowd raise on the Crowdcube platform.
Jim Ramsay, owner of The Guitar Trade Centre and a renowned expert in the vintage guitar industry, joins Kenny’s Music as Director of Pre-Owned and Vintage at Kenny’s Music and is currently transforming the lower floor of the Glasgow store into a dedicated space for vintage and pre-loved guitars, creating a flagship destination for guitar enthusiasts. This initiative is the first of several planned across all Kenny’s Music stores.
“We are extremely excited about this new direction and the opportunity to work with Jim Ramsay,” said Alex Marten, MD at Kenny’s Music. “Jim brings extensive knowledge and experience in sourcing best in class guitars from around the world. Our mission is to build the UK’s home of pre-loved music gear and Jim’s expertise will ensure an unparalleled range of instruments for all budgets and playing styles.”
Kenny’s Music’s equity raise went live on the Crowdcube platform on 20th May and surpassed the initial target of £200k within hours, securing core growth and expansion plans. The round remains open until 10th June with Alex noting that “achieving a larger raise will increase the power of the round by allowing us to accelerate plans.”
Additional funding will be used to enhance store environments, expand product ranges, and improve customer service, alongside a continued focus on the pre-loved and vintage ranges.
Kenny’s Music is looking to build a new community of shareholders, with investments starting at £10 and providing a series of exclusive perks.
More information can be found at www.kennysmusic.co.uk/crowdfunding
About Kenny’s Music
With a strong record of profitable trade over the 15 years we’ve been in business, and now with annual revenue of £3m+ and a new management team (Red Dog Music / Vegware), Kenny’s Music is planning to take the business to the next level by inviting our community to become shareholders in our business.
Focusing on the sustainable and fast-growing pre-owned segment, we are reimagining the spaces where musicians and enthusiasts can buy, sell and enjoy musical instruments.
Our mission is to build the UK’s friendliest chain of music stores and a frictionless preloved trade portal. The initial goal for our raise is focussed on allowing us to build out our ranges and become the UK’s Home of Pre-Loved Music Gear.
About The Guitar Trade Centre
Owned and led by Jim Ramsay, The Guitar Trade Centre has swiftly grown to be one of the UK’s foremost suppliers of preloved and vintage guitars. It has intentionally set out to be an “Old School” guitar shop that loves to build rapport with its customers and hear the stories of old.
The personal touch combined with a vast array of quality, pre-owned, vintage and rare guitars has earned it a significant loyal customer base, and owner Jim is a well known and respected presence in the guitar show scene.
About Crowdcube
Crowdcube is Europe’s largest private market investment platform, connecting companies with retail investors. It was born out of the belief that there should be more options for entrepreneurs to raise capital and that retail investors should have access to an asset class they have traditionally been closed off to.
Crowdcube has raised over £1.4bn for over 1,300 businesses that include Monzo, Revolut, Qonto and BrewDog.
The post Kenny’s Music Joins Forces with The Guitar Trade Centre appeared first on Music Instrument News.
Source: musicinstrumentnews.co.uk
