City Business are pleased to bring to the market this well-established, popular “Life Style” business, located on the main High Street in Newport.
Now established for over 11 years, the business has grown to a turnover of £65000+ pa and with reasonable rent for the square Footage. Benefiting from full rate relief together with good gross margins, it generates a good return on investment
The business has an excellent reputation for its range of Fabrics and Workshops and offers a wide range of Haberdashery products such as Patterns, Yarn and a full range of Sewing and Knitting accessories for sewers, knitters, quilters and patchworkers.
Currently run mainly as a managed operation trading 5 days a week, the business would really suit someone looking for a `Life Style business` to support the vastly popular passion for Sewing, Knitting and other Crafts.
The premises has a single glass fronted aspect with a high presence on the local high street, with on-road parking to the front and rear parking for staff.
To the rear there is a large Classroom/Workshop area which contains its own kitchen, toilet and washing facilities.
The business is offered with the fixtures and fittings ready to trade (full list available on viewing).
Offers are invited for the company to include all assets and goodwill on a cash-free, debt-free basis.
Stock is extra and currently stands at approx £30000.
Rent amounts to £8500 pa
Reason for sale – Retirement.
A full profile is available once a Non-Disclosure Agreement has been signed. All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.
Prominent High Street location.