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- RE: Retail Sewing, Quilt & Sewing Machine Supply Store
- Contact: Jon Swift
Quick Facts
Asking Price: | $625,000 | |
Annual Revenue: | $1,205,517 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $222,757 | |
Total Debt: | Not Disclosed | |
FF&E: | $50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2009 | |
Employees: | 9 | |
BBN Listing #: | 947462 | |
Broker Reference #: | 1210-18387 |
Business Overview:
A specialty sewing and quilting retail store strategically located with a growing customer base. Located in one of the top 3 MSAs in South Carolina that is experiencing consistent growth. In addition to fabrics, thread, and a broad spectrum of supplies, the business has a huge selection of today's most advanced sewing machines and embroidery equipment. This is truly a special opportunity for a new owner.
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Property Features and Assets:
The business benefits from an extremely attractive location with visibility to one of the region's busiest interstate highways, which makes it easy to support a large geographic customer base. The facility is owned by the seller, who is willing to offer a very attractive lease to a qualified buyer to assist in the transition.
Assets = $345,000
Market Competition and Expansion:
The business only has one similar competitor in the market. There is competition with the big boxes like Hobby Lobby, MIchaels, and general department stores. None of these carry the high end lines of sewing machines nor the luxury specialty lines of fabrics and threads which generally are not available with the large department stores. The on-site repair and maintenance department is a huge competitive advantage for the business.
With the automated advancements and capabilities in sewing and embroidery machines, the number of new entrants into this craft is expanding. This trend is expected to continue attracting DIY customers.
Reason for Selling:
Owner wants to follow her spouse into retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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