The store stocks new, used and reconditioned electric, acoustic and classical guitars. It also carries consignment guitars, bass guitars, amplifiers, strings, picks, tuners and other accessories, the release states.
Both of the Walters have gone to luthier school and will offer guitar-repair services, but also will send more complicated repair jobs off-site.
Bill Walters retired from Miami Mutual Insurance last month.
Store hours: 10 a.m. to 7 p.m. Tuesday through Friday and 11 a.m. to 6 p.m. Saturday. The phone number: (937) 773-7558.