473403-BK Profitable Quilting Hobby Shop

Not Disclosed, VA
Spotsylvania County

Asking Price: Annual Revenue:
$495,000 $678,000

Retail: General Merchandise - Retail

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RE: 473403-BK Profitable Quilting Hobby Shop Broker: Bill Kelly

Quick Facts

Asking Price: $495,000
Annual Revenue: $678,000
Net Profit: Not Disclosed
Cash Flow: $118,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2020
Employees: 5
BBN Listing #: 528243891
Broker Reference #: 9525-473403

Email or Print Listing

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Business Overview:

This amazing quilting hobby business was started during the pandemic in 2020. Unfortunately, the Seller must relocate to care for an ill family member.

They offer hobbyist high tech quilt sewing machines, a fabulous selection of fabrics and supplies, beginning and advanced quilt making classes and an array of support services. The store is beautifully decorated with colorful displays and an ergonomic layout designed to accommodate mobility challenged customers.

The store is located in a busy shopping center and has been developed with future franchising in mind. It is staffed with five, part time, W2, employees who cheerfully offer assistance to first time and repeat customers. The store is fully stocked with approximately $200,000 in inventory offering the latest fabrics, quilting materials, accessories, and multiple models of sewing machines ranging in price from $800 to $30,000, with financing terms available.

After only 24 months in business, the store is profitable with over $800,000 in yearly sales, and SDE of $149,000 and the projected sales for 2023 is $1,100,000+. This is a terrific investment for an owner operator who is interested in the national explosion in quilt making. Not much advertising is needed. Customers come from email list, internet hobby chat rooms, and regional trade shows.

Don't miss this opportunity! SBA financing is available.

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Property Features and Assets:

Showroom, Classroom, Office, Bathrooms, Storage.

Market Competition and Expansion:

Growth: This business was built with future franchising in mind. It is beautifully displayed and ergonomically floor planned. Each process in the store has been systemized for easy training and management. The Seller expects this store to produce $1,500,000 to $2,500,000 in revenue by 2024. Competition: There are other smaller, less complete quilting hobby stores in the region, but none stocked and merchandised as well. The sewing machine manufactures love this business and offer free training for employees and loaner demo equipment.

Reason for Selling:

Owner Relocating.

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.

Relevant Links:

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