Leasehold Fabrics & Haberdashery Business Located In Leamington Spa. Genuine Retirement Sale. Est 1998.
Veritas Business sales offer to the market this delightful Fabrics & Haberdashery Business which is located in Leamington Spa. The business was established by our client back in 1998 and they are reluctantly offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have kept the premises in good order and the fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Royal fabrics & haberdashery is overseen by the owner but operated daily by 2 staff members and for year ending 31st May 2024 posted an annual turnover of £78,992. We are offering the business for sale at a very competitive price and can come with or without staff. Stock must be taken and we estimate that there is circa £90,000 at cost price. They retail fabrics, needles, haberdashery, wool, lace, net curtains, cotton and buttons.
We believe that there is further potential to increase revenue by having an owner operator at the helm and by doing in house alterations and having sewing classes.The first floor has enough space to expand the product range. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established turnkey business which is a great base to build upon and as such early viewing is highly recommended.
