Business
Please quote reference B07918

CoGoGo are delighted to welcome to the market Mandy’s Wool Shop, a highly rated Wool and Haberdashery shop in Heywood, Greater Manchester. 

The business was originally established back in the 1960’s, and has been under our clients ownership since 2021. As seen by the online ratings and reviews, the business is extremely popular and well respected within the area.

Mandy’s Wool Shop has now come to the open market due to our clients family commitments. 

The business sells a wide variety of Sirdar, King Cole, West Yorkshire Spinners and Rico yarns, patterns and haberdashery. Knitting and crochet are their passions and they pride themselves on their friendly and helpful environment.

Key selling points –

• Extremely well established
• Scope for expansion
• Staff in place
• Facebook and Instagram pages in place

Scope for further growth –

• Increase advertising and marketing
• Extend trading hours
• Create a dedicated business website or launch the already created Shopify site
• Explore other social media platforms

Location
Mandy’s Wool Shop is located on Bamford Road in Heywood, Greater Manchester.

Due to its ideal trading location, it receives regular levels of footfall and passing trade. 

Premises
Ground floor –

• Retail area with central and wall displays
• Service counter 
• Kitchen, bathroom and large store room to the back of the unit
• Public parking available in the area

Tenure
This business is being sold on a Leasehold Basis with just over 2 years remaining on the 5 year lease (as of March 2024).

We are advised the rent is currently £450 per month.

Hours
The current trading hours are:

Monday – Closed

Tuesday to Saturday – 10:00am to 4:00pm

Sunday – Closed

Staff
The business is runs and managed by our client with the help of 3 staff members.

Financial Profile
Mandy’s Wool Shop generated a turnover of £69,000 in 2023. Full financials can be made available upon further request.