Hilton Smythe welcomes to the market the Banbury Sewing Centre in Banbury Oxfordshire. This long-established business of over 25 years has built up an enviable reputation for quality products and excellent customer service and which due to retirement this very rare and exciting opportunity has now become available.
The business currently sells an extensive range of knitting yarns including Sirdar, Stylecraft, Patons and Regia.
The business also supplies:
- Knitting patterns and books, knitting accessories, knitting kits, sewing fabrics, haberdashery, and furniture trimmings.
- Work boxes, craft bags, knitting bags, knitting needle and crochet hook sets, plus kids crafts and kits.
- Beads and jewellery making accessories
- Cross stitch, tapestry and long stitch kits.
- Anchor threads and darning yarn
- Dylon shoe dye, fabric dye, fabric pens and paints, whiteners, lighteners and stain removers.
- Sewing machines, including servicing, spares & accessories
- Dressmaking patterns by Burda and Simplicity.
- Card and cake making accessories, toy making accessories.
The business also organises and undertakes various courses in Patchwork, Quilting and Crochet techniques in 4, 8 or10 week courses which are hugely popular.
The business presents an excellent opportunity with huge growth potential and would be ideal for either an established operator looking to re-locate their business or to acquire an additional site as well as an individual or partnership looking for a new and exciting business opportunity.
This business would also appeal to an on-line seller looking for premises with plenty of storage and packaging space with a High Street presence in a sought-after location.
The business generates an attractive profit margin and would greatly benefit from a slick and well-constructed on-line and social media presence with the benefit of a selling platform.
The Banbury Sewing Centre has huge growth potential and a wide appeal to all demographics, A golden opportunity.
The business is ideally situated on Parsons Street, a pedestrianised area off the High Street in the centre of the much sought-after location of Banbury in Oxfordshire.
The area is easily accessible on foot and by all modes of transport within this prime trading location with plenty of pay and display parking just a short stroll away.Premises
Three storey premises located in the centre of Banbury Oxfordshire.
Entrance through to main trading area, service counter, tables & chairs, all display units, shelving and storage binnacles, racking, display carousels, storage cages.
To the first & second floor is office space, WC, additional storage areas including racking and shelving which are all included.
To the rear of the site is access out to the car park with 3 x dedicated staff car parking spaces.
The premise has huge potential to accommodate business growth with large areas suitable for additional office space and areas for preparing & packing on-line sales.Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £16,000 per annum with new lease terms to be agreed.Hours
The opening hours are currently 9.00am to 5.00pm Monday to Saturday.Staff
The business is run and managed by the current vendor with the assistance of 6 x part-time staff members.Financial Profile
We are advised the business is currently turning over in the region of £158,951 per annum creating an attractive reconstructed nett profit.
The business rates are currently £816 per annum.