Highly Profitable Quilting Supplies Store

VA (Relocatable)

Seller Financing Available
Highly Profitable Quilting Supplies Store
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Asking Price: Get Financing: $435,000

Cash Flow: $171,809

Gross Revenue: $1,020,950

EBITDA: N/A

FF&E: $57,741

Inventory: $341,952*

Lease Rate: N/A /SF

Established: 1998

*not included in asking price.

Highly Profitable Quilting Supplies Store

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Business Description

Thriving retail business in Central Virginia!

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.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
3 FT/10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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.
Growth & Expansion:
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.
Financing:
$65,250 Down/ $43,500 for 60 mos. @ 6% / Other Financing.
Support & Training:
Will train for 2 weeks @ no cost. No special licenses required.
Reason for Selling:
Seller is pursuing other interests.
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Michael Metzger, CBI

Business Listed By:
Michael Metzger

Murphy Business & Financial Corporation, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.


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