Profitable, Growing Sewing, Quilting & Crafting Retailer

11 Mar Profitable, Growing Sewing, Quilting & Crafting Retailer

Posted at 12:14h in by Michael Greene

Price: $395,000

Location: New Mexico

Industry: Retail & Wholesale

Listing ID: N215

Enjoy a personally and financially rewarding business that puts you at the center of a creative community with a shared passion for sewing, quilting, embroidering, and more. This dynamic business has garnered a loyal customer base, proven resilience, and expanded its geographical reach around the Southwest and beyond. Sales and discretionary earnings didn’t slacken over 2020, and 2021 is already off to a record-breaking start.

Highlights

Exclusive dealer for the top brands in the industry
Diversified products and services
Large population base across a broad geographic area
Instore, online, and curb-side sales with an ecommerce website integrated with its POS system
Strong roster of ongoing classes, workshops, and special events both online and in person
Over 3,000 subscriber to its monthly newsletter
Third party resources monitor inventory, make purchasing suggestions to ensure a quick inventory turn and maximize return on capital investments, track consumer trends, maintain a dynamic online presence, grow its online following, and produce monthly and annual financial reports.

This is a wonderful opportunity for a couple to join forces, combine their talents, and enjoy working on a business together.

Listing Details

Revenue: $901,148

Cash Flow: $148,504

FFE: $41,899 (Included in Price)

Inventory: $230,000 (Included in Price)

Real Estate: (Not Included in Price)

Reason For Sale:

Seller will retire.

Training & Support:

Seller will offer up to four weeks of training, details to be negotiated.

Operation

Year Established: 2005

Year of Last Acquisition: 2005

Non-Owner Payroll: $102,126

Employees: 2 FT, 11 PT

Location

Monthly Rent: 3459

Square Footage: 3300

Relocatable?: No

Facilities Information:

Favorable lease in an attractive, well-maintained venue that offers ample space for retail, classrooms, storage, and more. Good street presence in a commercially vibrant area

Summary

Competition:

This business holds exclusive relationships with sought-after brands. It is known for its excellent customer service, diverse and unique product offerings, and dynamic, well-attended classes. Special events and holiday-themed workshops garner strong attendance.

Potential Growth:

The business just started to tap its potential for online sales and events. As the appeal of needle-crafting takes hold among a younger demographic, this business develops these relationships with novice sewers and meets their needs as they advance in their chosen craft.