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.
- Asking Price:
- $625,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,084,955
- Cash Flow:
- $154,110
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
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.
Business Operation
- Expansion Potential:
-
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.
- Competition / Market:
-
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.
- Reasons for selling:
-
The owner wants to follow her spouse into retirement.
- Trading hours:
-
Mon-Fri 10am-5:30pm; Sat 10am-4pm
- Employees:
- 2 FT/7 PT
- Years established:
- 15
Other Information
- Support & training:
-
Will train for 2 weeks @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$62,500 down/$62,500 over 84 mos. @ 8%/Other Financing.
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $295,000 - included in the asking price
