Quilt Shop, Sewing Machines & Fabric - Midwest

Not Disclosed, SD

Asking Price: Annual Revenue:
$340,000 $642,092

Retail: General Merchandise - Retail

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RE: Quilt Shop, Sewing Machines & Fabric - Midwest Broker: Josh Grode Wolters
Owner Financing is Available!
$28K down/$40K over 60 mos. @ 5% / Other Financing.

Quick Facts

Asking Price: $340,000
Annual Revenue: $642,092
Net Profit: Not Disclosed
Cash Flow: $140,928
Total Debt: Not Disclosed
FF&E: $34,800
Real Estate: Not Disclosed
Year Established: 2010
Employees: 4
BBN Listing #: 8884955
Broker Reference #: 5401-16600

Email or Print Listing

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Business Overview:

The Company is a premier sales and service provider to the nearly $5 billion quilting industry. While they are located in the Midwest their presence extends nationally via their online presence. Loyal employees make for a smooth-running shop that stocks the latest in machines, fabric, and notions. Innovative products and customer care cater to beginners and experts alike.

Sales saw a dramatic increase in 2020 with no signs of slowing. Average sales have increased nearly 20% every year since 2018. 2021 is on pace to approach $700,000 in sales with nearly 20% being Seller’s Discretionary Earnings. Margins have ticked up year over year and the result is a more profitable, more efficient operation.

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Property Features and Assets:

Leased space in a highly trafficked area make the store easy to access for customers. Care is taken to arrange the store in such a way that maximizes the footprint’s sales capabilities. A robust online presence brings in additional revenues. Assets = $259,800.

Market Competition and Expansion:

There are smaller competitors in the region as well as big box stores. However, the machine sales and continually refreshed fabric selection set this company apart. The average quilter is a retired woman in her 60’s with a household income of $74,000. The average quilter has been quilting for more than a decade, starts 8-10 quilts a year, and works on a project 6-10 hours a week (up from 5 hours per week in 2017). The average quilter owns 4 different types of sewing machines. Any prospective buyer could invest in marketing and see excellent potential growth in sales, especially if the buyer focuses on more quilting machine sales. There is excellent revenue potential in machine sales. The day-to-day operations of the business are not complicated. The store can be run by a competent manager. Vendors and suppliers are well-established. Historically, the employee turnover has been very low. This well-established quilting store with ample inventory will continue to attract customers, but there’s a huge opportunity to integrate marketing and sales of quilting machines to grow the annual revenue and therefore the bottom line. Any buyer would be wise to begin courting millennials and Gen Z. The growth of “maker” hobbies is documented and tremendous, and with social media outlets like Instagram and TikTok that are very visual, hobbies like quilting are seeing a large resurgence.

Reason for Selling:

Would like to sell their business and retire.

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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