Listing Number: 9525-473403
Description
SBA PRE APPROVAL
This amazing quilting hobby business was started during the pandemic in 2020. Unfortunately, the Seller must relocate to care for an ill family member.
They offer hobbyist high tech quilt sewing machines, a fabulous selection of fabrics and supplies, beginning and advanced quilt making classes and an array of support services. The store is beautifully decorated with colorful displays and an ergonomic layout designed to accommodate mobility challenged customers.
The store is located in a busy shopping center and has been developed with future franchising in mind. It is staffed with five, part time, W2, employees who cheerfully offer assistance to first time and repeat customers. The store is fully stocked with approximately $200,000 in inventory offering the latest fabrics, quilting materials, accessories, and multiple models of sewing machines ranging in price from $800 to $30,000, with financing terms available. INVENTORY NOT INCLUDED IN SALE PRICE.
After only 24 months in business, the store is profitable with over $800,000 in yearly sales, and SDE of $149,000 and the projected sales for 2023 is $1,100,000+. This is a terrific investment for an owner operator who is interested in the national explosion in quilt making. Not much advertising is needed. Customers come from email list, internet hobby chat rooms, and regional trade shows. Business continues to grow and Sales continue to increase!! This business is on track to do $700,000 this year.
Don't miss this opportunity! SBA financing is available.
Listing Details
- Price: $ 199,000
- Down Payment: $199,000
- Sellers Discretionary Earnings: $ 118,000
- Total Sales: $ 678,000
- Location: City, Virginia
- Inventory: $ 200,000
- FF&E: $ 150,000
- Employees: 5
- Year Established: 2020
- Reason for Selling: Owner relocating
- Category: Crafts/Hobbies,Delivery
