Craft Shops for sale in Cromer

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Mr K. Hall (November 2016)
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Leasehold Price: £99,995 Annual Turnover: £82,000 Annual Net Profit: £25,000
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Business Description

Intelligent Business Transfer are delighted to bring to the market this superb opportunity to purchase an established wool and craft shop in Cromer, Norflok.

The business has been established since 2005 and has experienced financial growth on an annual basis since then. The business sells a wide range of quality yarn, wool and other knitting accessories and has gained a superb reputation in their industry. The business has built a loyal customer base who provide the business with regular and repeat custom, which has resulted in impressive financial figures.

The turnover of the business for last year was £78,294, with an impressive adjusted net profit figure in the region of £20,000, due to the minimal overheads of the business.

Despite these impressive financial figures, a potential buyer could improve these significantly if they were to increase the advertising of the business. The sales revenue has been achieved despite minimal advertising and if a potential buyer were to advertise on social media and trade publications this would attract new clients and boost the sales revenue.

It is with a heavy heart that the current vendor is selling the business due to personal reasons. This business would suit an entrepreneur with a passion for specialist knitting and the drive and energy to manage this busy shop and help it reach its full potential.
Number of Employees: 1

Tenure: Leasehold

Listed by: Intelligent Business Transfer
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