Distressed Profitable Knitting Supplies Business Sale

Dallas, TX (Dallas County)

Distressed Profitable Knitting Supplies Business Sale
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Asking Price: $85,000

Cash Flow: $53,705

Gross Revenue: $162,470

EBITDA: $23,705

FF&E: $2,500

Inventory: $75,000

Rent: $2,550 /Month

Established: 2016

Distressed Profitable Knitting Supplies Business Sale

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Business Description

Distressed Profitablle Knitting Related Business Sale

Here is your opportunity to own a quality, well established knitting related business at an incredible entry price point. This is a distressed sale. The owner's spouse was just diagnosed with a terminal illness so owner must provide associated care and support. Seller will be receiving offers up to 5:00pm on May 27, 2019.

In 2009, This business first opened its doors with the concept of offering a modern and creative knitting environment run by a talented team that loves teaching and assisting people with knitting and crocheting. The business then moved its Retail location from Atlanta Georgia to Dallas Texas in 2016 to be closer to family and to bring our devotion to the craft back home.

They offer a wide variety of yarns with an emphasis on sustainable, earth friendly yarns and fibers. Their focus is on customers of all ages with emphasis on attracting students between 8 to 80+ years. Customer service and individual attention to our customers is our first priority, something that the "big box" stores and internet cannot provide. Classes are offered daily from beginners through advanced techniques. The team has over 100 years of combined experience in knitting and crocheting and are happy to assist with any questions their custoners might have.

Detailed Information

Location:
Dallas, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,350
Lease Expiration:
10/30/2021
Employees:
2.5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Retail Leased space.
Reason for Selling:
Health problems-Spouse diagnosed with terminal illness.
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(from currently available funds)
 
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Douglas Batts

Business Listed By:
Douglas Batts

Murphy Business & Financial Services

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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