Business For Sale

Creative Sewing & Hobby Center

Raleigh/Durham, NC

Asking Price: Annual Revenue:
$350,000 $1,133,363

Miscellaneous: Non-classifiable

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RE: Creative Sewing & Hobby Center Broker: Tom Guertin

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,133,363
Net Profit: Not Disclosed
Cash Flow: $287,225
Total Debt: Not Disclosed
FF&E: $272,848
Real Estate: Not Disclosed
Year Established: 2010
Employees: 9
BBN Listing #: 693438782
Broker Reference #: RALEINC001-N708

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Business Overview:

Retail – Repeat Business – Recession Resistant! Growing and loyal customer base make this retail business a unique find in the Raleigh market. Growth strategies employed in recent years are causing earnings to explode. The sewing and hobby market this business serves is a huge $3.7 billion a year business. The average participant has a household income of $93,000 and is well educated, perfect for the Raleigh, Cary, Durham, and Chapel Hill markets. SBA sponsored financing means just 20% or less down payment. This is your future! The Annual Receipts of $1,133,363 and the Annual Cash Flow/Seller Discretionary Earnings is $287,225 numbers "recorded" are the annualized and projected numbers for 2018 stated on the 3rd quarter, 2018 Year to Date P&L statement. The 4th quarter is usually the strongest quarter for this type of business. Contact Tom Guertin for additional information on this unique opportunity (919) 787-0566.

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Reason for Selling:

Other Interest - owner has met goals with this business.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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