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Business News Retail
No takers for On The Beat Records, says owner
By Aly Barchi | Published on Wednesday 27 November 2013
Oh, this is a shame. On The Beat, the previously reported-on record shop in Soho, London, has failed to find a buyer, despite having been listed on eBay for a month. It will now, says owner Tim Derbyshire, close in January.
Derbyshire, who first opened the store in 1979, gave the retail business a ‘Buy It Now’ price of £300,000 when first putting it up for sale. Whilst the shop drew bids of up to £125,000, Derbyshire now tells NME he isn’t interested in listing it a second time, saying: “I gave it a go, it was on eBay for 30 days. I’ll be closing down in January [and] I’ll be gone by the end of the month. This is my last Christmas. I got about three phone calls about it in total”.
Asked if he felt disappointed at all, he answered: “I’m not too bothered really, that’s life. I’ll move on to something else, I may take up brain surgery. Most people have got a brain. Well, maybe not everyone”.
And hey, brainless, cashless vinyl fans with retail experience, Derbyshire did add he might just “leave the key in the door” when he leaves the premises next year. So yeah, stay alert.
