Popular Quilt Shop

Tampa, FL
Hillsborough County

Westchase


Asking Price: Annual Revenue:
$50,000 $443,779

Retail: General Merchandise - Retail


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RE: Popular Quilt Shop Broker: Jim or Karen Grof

Quick Facts

Asking Price: $50,000
Annual Revenue: $443,779
Net Profit: Not Disclosed
Cash Flow: $31,000
Total Debt: Not Disclosed
FF&E: $28,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 3
BBN Listing #: 602958645
Broker Reference #: Not Disclosed

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Business Overview:

Established Well-known Retail Quilt Shop business with large following that sells fabric, notions, books, patterns at shows, on-line and in west Tampa location. Shop was featured on cover of Quilt Sampler Top Ten Spring 2019 magazine. Our experienced staff is friendly and popular with customers. Established customer base includes Social Media followers: 3,300+ facebook followers, 1,000+ Instagram followers, 7,000+ on email newsletter list.

The sale includes display fixtures, POS system and integrated mobile enabled website, office and classroom furniture, computers and 10’ x 20’ pipe and drape for shows. Minimal inventory.
Some training available from owner who is retiring. Professional Retail Training Package also included! Retail location not included.

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Property Features and Assets:

Photos of our shop and the classroom are on our website at www.happyapplequilts.com. The sale includes most of the display fixtures and classroom furniture shown in addition to three computers with POS and office furniture and computers. The training package is a two day seminar which was purchased at Houston International Quilt Market and is scheduled for summer of 2020. The current location is in a business park in fairly new building which is for sale. A smaller retail location would be better suited to new owner. The website is active and effective as well.

Market Competition and Expansion:

This business is currently located in the Westchase suburb of Tampa, the west edge of Hillsborough county known as Tri-County area because it meets Pinellas and Pasco counties there. It is upscale and has a slightly younger population than most of FL with average age of 37 and many families live in nearby neighborhoods. Approximately 57% of the working population is employed in executive, management and professional, sales and service occupations. The median household income is about $90,000. There are numerous quilt guilds and many quilters in the area and Florida. The winter season is especially active with many Quilt shows and vendor opportunities throughout Florida. Customers often come from Bradenton/Sarasota/Lakeland areas. Current location is near Tampa International Airport so it is a destination shop for out-of-state visitors.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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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