The main activities for businesses in this industry are the sale of musical instruments and accessories. The musical instruments sold may include modern electrical, acoustic, classical and folk.
Many musical instrument retailers also sell music publications, recorded music and music memorabilia. Businesses may also provide musical instrument maintenance and repair services. These benchmarks do not apply to entertainment media retailers.
These performance benchmarks have been developed from income tax and business activity statements lodged for the 2007–08 income year. The main expenses for these businesses are cost of goods, labour and rent.
