Business for sale

Business description

Advent Business Sales is pleased to offer to the market this extremely well established fabric and haberdashery retailer who also offers specialist craft work tutorials.

The business, which was founded in 1993, has been in the ownership of the current vendors for over 7 years and is now being reluctantly offered for sale as they now wish to retire.

Our clients have achieved an enviable reputation with many customers and students travelling from far afield to visit the shop and to attend their excellent varied classes, which are taught by nationally known tutors.

The vendors, who are willing to assist in any hand over period, if required can give initial support and training.

The shop has a huge range of fabrics and haberdashery, as well as craft, wool, embroidery, gifts and other related items. It also has a sewing machine agency with associated products and services.

Classes are held in the shop on most days and include patchwork and quilting, bag making, fabric box making and most aspects of embroidery and beadwork and many others.

Our clients have informed us that the landlord is willing to offer a new lease to a purchaser at or very near current rental levels.

Stock at cost is in the region of £25,000.


General Information

Employees:The business employs two part time members of staff who work approximately 12 hours per week in total and our two full time vendors. Tutors are self employed.
Trading hours:Mon – Sat: 9am – 5pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 3 years Remaining lease: 3 months Review every: 3 years Rent: £12,000 per annum New lease will be offered by landlord We are advised that the annual business rates are currently: £4579

Living accomodation:Large single storey lock up premises of approx 1,400 sq ft. Ramp for the disabled to front door with large front window making the whole shop very light and airy. Premises comprise of the retail shop and the classroom. The shop has a long counter with a cutting mat and till and gondolas with products in the centre, a sewing machine sales area, fabrics etc are on most external walls on shelves. The classroom can accommodate up to 10 students with sewing machines and more for other craft workshops. Kitchen and office, rear exit to gravelled area. Good sized car park to shop front and around small retail park.
Location:Our clients are ideally located in a busy village on a small retail park in North Bedfordshire with other businesses in the surrounding vicinity including a garage and upholsterer..

There is an excellent local school with some of the parents attending classes after dropping off the children.

The nearest active competitor is approximately 20 miles away.

The shop has excellent parking facilities immediately in front of the shop and on the parade. There is an overflow car park available nearby.

Expansion potential:EXPANSION POTENTIAL The business offers excellent scope to increase both turnover and profit further by: 1. Developing the existing web site 2. Offering internet sales 3. Having evening classes (all are currently during the day) 4. Opening for a few hours on a Sunday 5. Expanding the product range further
Financing available:Please let us know if you require finance for the purchase of a business.