Quilt Shop / Fabric Store & Sewing Machine Dealer

Fairfax, VA (Fairfax City County)

Quilt Shop  /  Fabric Store &  Sewing Machine Dealer
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Asking Price: Get Financing: $135,000

Cash Flow: N/A

Gross Revenue: $576,478

EBITDA: N/A

FF&E: $10,000

Inventory: $244,000

Lease Rate: $6,200 /SF/Month

Established: 1974

Quilt Shop / Fabric Store & Sewing Machine Dealer

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Business Description

Owner will retire July 31, 2017. Store Available at the liquidation cost of the inventory! The Quilt Patch is a fabric store that sells first quality fabric, primarily purchased by people who make quilts It also has a major sewing machine dealership. This profitable store is dream opportunity for someone who loves to make quilts or wants to be part of this exciting world of fabric arts and wants a career that involves artistic creation and expression. This store has a national reputation. It has both a strong local following, plus is a destination for quilters who are visiting the Nation’s Capital.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
7/31/2018
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is located in a large older house in central business district of a County Seat. Ideal setting for a business that is linked to home decoration
Competition:
This is one of the longest established business of its type in the area, but is in a business with relatively easy entry for startups and has had an increasing number of competitors over the years
Growth & Expansion:
Business has been successful operating as a “Brick and Mortar” store, but has almost no internet presence. A Buyer with e-marketing skills should be able to expand business with on-line sales and more social medial presence. Also, many quilt shops sell at major regional trade shows, but this business has almost no trade show activity. Vending at regional trade shows should increase revenue and cash flow.
Support & Training:
Seller wants to give up day to day responsibility of running a business, but would still like to stay involved in the business, especially teaching classes.
Reason for Selling:
Owner is over 65 been running the business 27 years - wants to retire
Business Website:
http://www.quiltpatchva.com/
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Don Blouch

Business Listed By:
Don Blouch

Landmark Commercial Ltd

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