SOLD – I Sew 2 2574

Leasehold £ SOLD

Rarely available, this profitable haberdashery business is only offered for sale due to the current owners wish to retire.

Specialising in craft classes together with the sale of wool, fabrics and all the related sewing machines, sewing, quilting, yarns and haberdashery equipment and accessories.

Good internet and social media presence together with loyal retail and training customer base.

30% of sales from classes and 70% retail sales.

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Type of business
This is a rare opportunity to acquire a profitable well established and highly regarded business in a niche market serving a wide range of hobby interests. It specialises in sewing, quilting, yarns and haberdashery markets together with providing classes in a range of related skills. With an enviable reputation it draws customers from all over East Dunbartonshire, North Lanarkshire, Glasgow and surrounding areas. A wide variety of craft materials are sold and sales are supported by regular craft classes. It has a good web presence which could be further developed. It also has a busy alterations service. An easily managed business it would suit an enthusiastic individual with the existing freelance instructors.
Opening hours
10am – 5pm Tuesday - Saturday.
Staff
The business is run by the owner with freelance instructors for some of the courses.
Tenure
Leasehold. Rent £5,200 per annum. Current lease runs until September 2018 but can be extended. Rateable value £5,000 so qualifies for 100% rates relief so no rates are payable.
Premises
The shop is a bright mainly open plan main road unit extending to 51m2 (539sqft) comprising a front retail and training area with additional storage, kitchen area and toilet to the rear.
Financial information
Annual sales are growing and around £60,000. Approximately 15% are internet sales and 30% of income is from classes run by freelance instructors. The sale price includes all equipment (including 8 Elna 340ex sewing machines), retail stock of around £30,000 at cost, fixtures and fittings. Further financial information can be made available to serious interested parties after viewing.