Retail Sewing, Quilt and Sewing Machine Supply Store
Greenville County, SC
| Asking Price: | $625,000 |
| Gross Revenue: | $1,205,517 |
| FF&E: | $50,000 |
| Cash Flow: | $222,757 |
| Inventory: | $295,000 |
| Established Year: | 2009 |
Listing ID: 2244582Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well established retail business with large customer base records
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.
DETAILED INFORMATION
Location
Greenville County, SC
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,000
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
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.
Growth & Expansion
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.
Financing
$62,500 down/$62,500 over 84 mos. @ 8%/Other Financing.
Support & Training
Will train for 2 weeks @ $0 cost.
Reason for Selling
The owner wants to follow her spouse into retirement.
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