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- RE: 70% Owner Financing For Profitable Retail Business
- Contact: Elliot Dweck
Quick Facts
Asking Price: | $1,100,000 | |
Annual Revenue: | $1,172,367 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $249,441 | |
Total Debt: | Not Disclosed | |
FF&E: | $51,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1985 | |
Employees: | 4 | |
BBN Listing #: | 727264169 | |
Broker Reference #: | 189597-764308 |
Business Overview:
Successful Sewing, Fabric and Quilting Business. Extraordinary opportunity to acquire a landmark 35 year-old-business in the sewing/craft industry. Sale includes business, all business assets, website/social media and goodwill. The long-term employees are proficient at running the operations so industry experience is not required! This company is one of the largest retail dealers and distributors of sewing machines, vacuums and fabrics that makes quilting, embroidery, and sewing a fun and enjoyable experience for thousands of loyal customers. The business has a database of over 100,000 customers with 10,000 participating in their loyalty program! The company has won several awards over the years for outstanding customer service. Owner is looking to retire and wants to see his legacy continue, which is why he is willing to finance over 70% of the purchase price for 15 years! This is a niche business that specializes in selling and repairing computerized and WiFi enabled sewing machines that now attract a younger market. The business also offers onsite workshops and class instruction to engage new customers. They sell and service all the top brands including Brother, Singer, Viking, and Baby Lock.
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Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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