Hobgoblin Music, the UK’s leading family-run chain of music stores, today announced the launch of its first ever crowdfunding round. The early access launch is now open and individuals can register for this via Hobgoblin Music’s crowdfunding page, after first registering on Crowdcube.

Hobgoblin Music aims to raise £190K in exchange for a 9.5% equity stake in its business. The company, now in its 50th year of trading, attributes its continued presence on the High Street, despite challenging retail conditions, to its commitment to providing the best service, advice and product range in acoustic and folk music instruments.

Support for the business comes from none other than Sir Paul McCartney, who shared his affection for Hobgoblin Music’s London shop:

“I have many favourite music shops that I like to go into but possibly my most favourite is Hobgoblin Music London. The staff there are so helpful and friendly, and we always have a laugh. There are lots of guitars so, for people like me who like guitars, it is like walking through heaven.” – Sir Paul McCartney

Funds raised will be used to drive increased sales through the purchase of fast-selling, high-margin stock, leading to a sustainable increase in profit margins.