Profitable Quilting Store in Business 16 Years

Conroe, TX
Montgomery County


Asking Price: Annual Revenue:
$210,000 $265,000

Retail: General Merchandise - Retail


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RE: Profitable Quilting Store in Business 16 Years Broker: Katie Holditch
Owner Financing is Available!
$35,000.00

Quick Facts

Asking Price: $210,000
Annual Revenue: $265,000
Net Profit: Not Disclosed
Cash Flow: $44,138
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 5
BBN Listing #: 866544107
Broker Reference #: 76931-752058

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Business Overview:

After 16 years in business, this quilting store has an established and loyal customer base, and it consistently generates high annual sales. The store is a full-service quilt shop, offering quality fabrics, classes, machines, notions, patterns and books. The average annual revenue from 2017-2019 was approximately $265,000. The current owner keeps a wide variety of inventory, and the store is well-stocked with over $110,000 in inventory. The inventory, which includes a wide variety of fabrics and quilting supplies, is constantly being updated. The store is organized and aesthetically pleasing and it’s easy for customers to find exactly what they’re looking for. There is ample and accessible parking at the well-maintained strip center. Rent is low for the amount of square footage the store occupies, and the landlord is amenable to a new lease with any qualified buyer. The business has grown year-over-year and only really dipped due to events over the last year or so. Buyers and/or investors would be wise to take advantage of this amazing opportunity in the suburbs of North Houston. Not only is the business profitable, but there is also room for significant growth as the current owner does little to no paid advertising. If a buyer were to add a minimal amount of marketing, the potential growth in sales could be significant. It should also be noted that quilting and other maker hobbies are becoming extremely popular in the younger generations. These aren’t just your granny’s quilts!

This business was established in 2005 and has had the same owner over that period of time. Per choice, the owner currently only works two or three days a week in the store. Any potential buyer could invest in marketing and see excellent growth in sales, especially if the buyer focuses on more quilting machine sales. There is excellent revenue potential in those sales. Historically, the day-to-day operations of the business are not complicated, and the store can easily be run by one person at a time. Vendors and suppliers are well-established, and seller has records of purchasing details.

Today, the majority of the business’s sales are fabric at 70%, with classes and other miscellaneous notions contributing about 23%. Quilting machine sales are extremely profitable, and if a buyer was able to sell 5 to 10 machines a month, that would add thousands to the monthly revenue. The current owner hasn’t really pushed those sales in the last couple of years, but with some focused advertising and intent, the potential for easy and good revenue is unlimited.

The seller currently has five contract employees who are very familiar with the operations of the business and teach quilting classes. The owner is certain that the contractors will stay on with the sale of the business. Historically the turnover is 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 Seller’s Discretionary Earnings. Per the information in the previous paragraphs, any buyer would be wise to begin courting millennials and even 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.

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Reason for Selling:

Retiring

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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