MergerPlace

Profitable Quilting Supplies Store

Virginia


  • Asking Price: $435,000
  • Gross Income: $1,020,950
  • Cash Flow: $171,809
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $57,741
  • Listing ID: #200608
  • Established: 1998
  • Employees: 3 FT/10 PT

Business Description

This highly profitable and immensely popular quilting retail and service business caters to quilting, sewing and embroidery hobbyists across Central Virginia. In addition to selling all types of quilting supplies and equipment, this business conducts many onsite training workshops and events throughout the year. Many quilters rely upon this shop for education, consulting and specialized services in creating their complex projects. he business is an authorized dealer and service center for the most popular brands in the industry. Diversification of products and services has really helped this business thrive and it has a well-established presence online and through various social media channels. For almost 20 years, quilters in Central Virginia have called this community-oriented shop their home. Inventory is not included in the sale price; inventory level at sale is projected to be approximately $300,000.


Business Details

Primary Business Category: Retail Trade - Sporting Goods, Hobbies, Books
Location: Virginia

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT/10 PT

Financial Information

Asking Price: $435,000
Gross Revenue: $1,020,950
Cash Flow: $171,809
FF&E: $57,741
Seller Financing Available: Yes

Property Information

Facilities:

7700 sq ft facility is located at the end of an attractive strip center is a busy commercial district. Includes a large retail space/showroom of approximately 3400 sq ft, an office/warehouse, several classrooms and a service and repair room.

Growth & expansion opportunities:

Increased focus on online sales would drive further growth as would additional marketing through various channels. The sellers believe they have just scratched the surface on the education segment. There are several opportunities to offer additional services and classes, which would serve to further diversify this business.

Competition:

There are several other quilting shops in Central Virginia, but none that offer the same high-quality products. "Big box" stores play in this space, but cannot compete with the service levels of this specialized store. Like almost all businesses, customers can often find lower prices online, but tend to favor this store for personalized service and quality fabrics.

Reason for selling:

Seller is pursuing other interests.

Support & Training:

Will train for 2 weeks @ no cost. No special licenses required.

Contact Business Seller

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Business Listed By:

Michael Metzger

Murphy Business Brokers