OWEN Ray's International Music is closing its doors after almost 50 years in business.
A string of bad luck has hit the business' finances hard, but owner Owen Ray has vowed to keep his head above water.
"It's just been one thing after the other," he said.
"This is the end of our retail business but I'll still be doing repairs in my workshop, teaching and playing around town."
Mr Ray lost almost everything when neighbouring Chandler House business the Boogie Shack went up in flames in May.
"It wasn't the fire that got us," he said.
"The water they used to put out the fire ended up destroying all my stock.
"The insurance company told me I would have been better off if it was a fire - they would have just written me a cheque."
International Music has been operating out of a Harlaxton warehouse since re-opening its doors.
Mr Ray will try to secure his future with an "everything-must-go" auction at the Bernoth Centre at 11am this Saturday.
"It's a huge no reserve auction selling all the stock we had left over in storage," he said.
"It's all brand new and most instruments and equipment still have warranties.
"After this weekend it'll be just me - no more employees.
"But I've got my health and I'm doing what I love."
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