Seller's Contact Information
- RE: Creative Fiber Arts Business - $50k Down With S...
- Contact: Sunbelt
Quick Facts
Asking Price: | $299,000 | |
Annual Revenue: | $430,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $87,500 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2005 | |
Employees: | 5 | |
BBN Listing #: | 627764538 | |
Broker Reference #: | MINNEMN001-50328 |
Business Overview:
Well-established, independently owned, quilting retail shop in Sioux Falls, South Dakota. Perfect for entrepreneur who enjoys the creation, education and preservation of fiber arts traditions. - Well-trained management and staff in place- Steady and loyal customer following- Includes $150,000 in inventory- Sought after, quality fabric not found at big-box retailers- Great location- A stable business with wide demographic and thrives in recessionary times- Seller retiringA new owner would provide oversight of the business but wouldn?t need to be in the store on a daily basis. Turnkey, including inventory and equipment. Great growth opportunities by increasing online sales and year-round classes.Continual demand and a strong reputation have led the shop to continually profit, even through COVID.
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Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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