Ridgeland Fabric Shop, with over $614K Inventory Included
Retail Businesses for Sale
This Fabric Store is located in approximately 7000 sq. feet located on a busy thoroughfare/highway in an affluent suburban city. The retail space provides plenty of customer parking as well as employee parking. The location is attractive, updated, well lighted and landscaped. The location is in a safe, high traffic shopping area. The interior of the space is exceptionally attractive with upscale features and décor. Fixtures are color coordinated and merchandise is attractively displayed. Track lighting and can lights provide plenty of light and large display windows allow indirect sunlight. Water and garbage pickup are included in the lease.
The customer database maintains names and emails for over 13,000 customers. There are many, many loyal repeat customers who have shopped here for over a decade. Customer satisfaction with products, classes and service is unparalleled. The company was started by a mother/daughter team and has grown from an initial investment of $350 to now grossing over $1,000,000 a year. The company maintains a robust ecommerce site with all in-store products listed and available for sale. Products are shipped worldwide.
The shop sells high end sewing, embroidery and quilting machines ranging in price from $150 to $24,000. The shop is an exclusive retailer for a top brand of machines, with worldwide brand recognition. The shop has been named a 10 ten retailer by the brand for the past two years. Customers receive training and support with every machine purchase. The inventory also includes several thousand bolts of high-quality quilting fabric, as well as an extensive selection of notions. There are no competitor businesses close to this company’s scale or size within 45 miles.
Financial Information
- $1,772,728 Asking Price
- $418,301 Cash Flow
- $1,634,137 Gross Revenue
- N/A Down Payment
Business Location
- City: Ridgeland
- State: Mississippi
Reason for Sale
- Family Health Issues
Detailed information
- Year Established:
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Adjusted EBITDA: N/A
- Inventory Included: Yes
- Inventory Value: $614,656
- Monthly Rent: On request
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 7000
- FF&E Included?: Yes
- FF&E Value: $37,212
Training/Support
- Seller will negotiate a transition period
Business Listed by
Robert Durham
Sunbelt of BiloxiContact Business Broker
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