Listing Number: 189597-764308
Description
Successful Sewing, Fabric and Quilting Business.
Extraordinary opportunity to acquire a landmark 35 year-old-business in the sewing/craft industry. Sale includes business, all business assets, website/social media and goodwill. The long-term employees are proficient at running the operations so industry experience is not required! This company is one of the largest retail dealers and distributors of sewing machines, vacuums and fabrics that makes quilting, embroidery, and sewing a fun and enjoyable experience for thousands of loyal customers. The business has a database of over 100,000 customers with 10,000 participating in their loyalty program! The company has won several awards over the years for outstanding customer service. Owner is looking to retire and wants to see his legacy continue, which is why he is willing to finance over 70% of the purchase price for 15 years! This is a niche business that specializes in selling and repairing computerized and WiFi enabled sewing machines that now attract a younger market. The business also offers onsite workshops and class instruction to engage new customers. They sell and service all the top brands including Brother, Singer, Viking, and Baby Lock. They also do 10% of their sales in portable vacuum cleaners selling and servicing Dyson, Eureka, Electrolux, Hoover, Bissell and many other brands. Don’t miss your chance to own this exceptional, turn-key business!
There is also an option to include the real estate with this purchase. Contact the broker about the impact to the price and financing terms if buyer wants to also purchase the real estate.
- Revenues are consistently over $1.1 million annually
- Highly profitable business
- Sale includes business, all business assets, website and goodwill
- Long-term employees are proficient at running the operations so no industry experience required!
- POS system with all the historical data and extensive client base
- The business was relocated to its current site 2 years ago and the owner spent over $900k on the buildout!
Listing Details
- Price: $ 1,100,000
- Down Payment: $300,000
- Sellers Discretionary Earnings: $ 249,441
- Total Sales: $ 1,172,367
- Location: Burlington County, New Jersey
- Inventory: $ 800,000
- FF&E: $ 51,000
- Employees: 4
- Year Established: 1985
- Reason for Selling: Retirement
- Category: Equipment S & S
