Unique Morgantown Craft Supplier - Motivated Sellers

Financial Information

  • Asking Price: $250,000
  • Gross Revenue: $328,267
  • Cash Flow: $121,098
  • Down Payment: NEGOTIABLE
  • FF&E (Included): $40,000
  • Inventory: $100,000
  • Financing: Yes

Business Location

  • Monongalia
  • Morgantown
  • West Virginia
Primary Business Category: Sewing, Needlework, and Piece Goods Stores

Very enjoyable and profitable business that improved during the pandemic. A great business for a person who likes working with people as well as participating in the quilting community. This is a retail business that also provides an essential service to the quilting community. The sale price includes $100,000 of inventory. The real estate valued at $4M is available for lease or purchase.

Competition Description

There are very few businesses like this in the State of West Virginia.

Growth / Expansion overview

This business has not fully utilized its web site or social media to promote the business and spends very little on advertising. An additional investment in equipment would be expeced to grow the business significantly.

Support / Training Comments

The seller is willing to stay as long as needed in order for the buyer to achieve a smooth transition.

Reason For Sale
Sellers plan to retire and move to be closer to family. .
  • Home Based: No
  • Year Established: 2011
  • Franchise: No
  • Year Acquired: 2011
  • Willing to Train: Yes
  • Relocatable: Yes
  • Required Licences: Business

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $4,000,000
  • Real Estate Asking: $4,000,000
  • Days Open: Monday-Saturday
  • Hours Open: 10am - 5pm
  • Fulltime Employees: N/A
  • Part time Employees: 4
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $2,389
  • Building Size: 2,100 sq ft
  • Parking: Shopping Center Parking
  • Monthly Rent: $2,100

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Business Listed by

Sunbelt West Virginia & Western Maryland

Contact: John Lichter
Office Phone: 304-276-1880
Mobile Phone: 304-276-1880
Listing ID: WESTOWV001-N83

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