Located in central New Hampshire, this business was started in 1983 and purchased by the current owners in 2013. Upon purchasing the business while keeping it housed in the same building, the husband-and-wife ownership/management team doubled the rental space from 1500 to 3000 square feet. At that time, they also expanded their business to include sewing machine and vacuum cleaner sales and service. They purchased the current location and moved the shop to the 3500 square feet that they now occupy, which includes a large classroom for quilting and sewing classes. At the time of the move, they once again expanded their business to include quilting machine sales and service. In 2020, they developed a web store for online sales.
The market mix for the business is 60% Fabrics, Notions, Accessories, Classes; 36% Sewing Machines, Vacuum Cleaners, accessories, and parts; and 4% Service and Repairs.
The business is buoyed by its loyal, local customer base, which comes from within a 2-hour drive time radius. Many customers are also second homeowners and visitors to the area.
Facilities:
The current owner is willing to stay on and train for two weeks after the transfer of the business at no charge and will be available on a consulting basis beyond the two weeks for a designated, negotiated term as needed by the buyer.
Real Estate Available: No
Real Estate Included: No
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $3,000.00
Owner worked hours per week: 40
Is Going Concern: Yes
Market Competition: The strength of the quilting, sewing machine and vacuum cleaner sales and service segments of the business are predicated on the high quality of the product lines carried and the superior sales knowledge, service, and training offered. There are three other businesses who directly compete with this business, the nearest of which is 20 miles away and the furthest over 60 miles away. All of them compete in some level of service and product offerings but none of them compete in all aspects of what North Country does. This business feels that their service orientation, product and service diversity, solid reputation, and consistent history keep them ahead of their competition.
