City Business are pleased to bring to the market this well-established, popular “Life Style” business, located in an historic, popular and bustling riverside market town in Worcestershire. The premises are 2-storey with street parking nearby.
Great location
Well-established with good reputation
Fixtures, fittings and stock included in asking price
Massive scope for growth
Established for 29 years, the business has grown to a turnover of £40,000 per annum and benefits from full rate relief. Together with good gross margins it generates a good return on investment. It now only comes onto the market due to our client’s wish for a well-earned retirement.
The business offers a wide range of Haberdashery products such as Fabric, Knitting Patterns, Yarn and a full range of Sewing and Knitting accessories for those `Sewing Bee` enthusiasts.
There is also a very busy curtain making and clothing alterations service, the continuation of which the owner would be willing to negotiate.
Currently run mainly as an owner-run operation trading 5 1/2 days a week, the business would suit someone looking for a `lifestyle business` to support a vastly popular passion for Needlecrafts.
The business is offered with all fixtures and fittings (circa £2,000) and a valuable inventory of stock (circa £23-25,000).
Trading Hours: 5 1/2 days per week 9.00am-5.30pm ( closed Wednesday pm )
Staff: 1 full-time (owner)
Rent: £770 per month - future tenancy/rent tba by landlord in line with market valuations
Lease: Rolling lease
Rates: Zero
Turnover: £40,000 per annum
We feel there is massive scope to increase turnover and profit by offering craftwork and sewing classes, and embracing social media to advertise the already superb goods and services on offer.
Viewing is highly recommended.
