Overview
Description
This is an excellent opportunity to acquire a well-established and popular, fabric and haberdashery business based in the county town of Sussex, 9 miles from Brighton.
The business has been successfully trading in its current location for 16 years, experiencing significant annual growth and good recovery from the pandemic.
Based in 3 trading units of a beautiful and historic building, which is home to nine independent businesses including 3 eateries, the business enjoys high footfall. The location is very convenient for all transport links: rail, bus and car.
Over the years, the vendor has skilfully created a unique business that supplies a wide range of dressmaking fabrics and haberdashery related products to a large, loyal customer base, both local and tourist.
The company website (linked to an easy-to-maintain stock control system) is modern and adds a regular, additional income to the shop sales. Currently only shipping to the UK, this could well be an area of the business ripe for further development.
There is no other local competition for the main fabric and haberdashery business. Alongside these main areas, the business also stocks knitting yarns, knitting and sewing patterns and sewing related gifts. The vendor also produces own brand kits and own label stitched products. Sewing machine servicing is outsourced.
The vendor is reluctantly selling due to retirement and a wish to refocus on other interests after many happy and rewarding years in the industry. This is an opportunity for a creative individual to take on and expand the business embracing new technologies and to grow new routes to market. There is enormous potential to improve the business’ online presence to increase sales and derive maximum profits.
This will surely prove a resoundingly successful acquisition, especially for a dedicated owner operator to continue to exploit the full potential.
• Established since 2008
• Vast amount of repeat and recommended custom
• Minimal competition in the area
• High footfall location
• All assets, fixtures and fittings plus Stock at Valuation included in the sale, as well full handover support if required
• Excellent relationships with key suppliers in their industry and with landlord
• Minimal overheads
• Turnover – £113,000 (2023)
• High gross profit margin and adjusted net profit
• Huge potential for further growth and success.
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