Profitable, Growing Sewing, Quilting & Crafting Retailer

Profitable, Growing Sewing, Quilting & Crafting Retailer

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.

Michael Greene

info@samgoldenberg.com
505-820-0163
Address:
126 E. De Vargas Street, Santa Fe NM 87501

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