Asking price: £120,000

Sales revenue: £145,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
THE BUSINESS:
Advent Business Sales are pleased to offer to the market this very well established sewing machine, accessory and haberdashery shop, which has been trading successfully for the past 22 years.

The current vendor has been in ownership since its inception and is reluctantly selling due to a need to slow down.

The shop is an Aladdin’s cave of differing offers from new or second hand sewing machines or machines capable of embroidery such as Janome, Brother and Singer.

After this comes all the accessories and ancillaries such as threads, bias bindings, Velcro, ribbons, closures, zips and buttons, machine oil and needles, pins etc.

Also available are embroidery silks and sets, selected fabric, specialist threads, add on’s for making dolls and soft toys eg eyes, small hobby kits.

The shop offers a comprehensive sewing machine repair and servicing facility as well as classes for patchwork, appliqué, cutting, making tote bags and quilting. These classes are so unique to the area that people have been from as far a field as Bridlington, they are extremely popular.

In addition to this, there is also an alterations rooms, which due to lack of staff interest has been allowed to stop. Although there is a very high demand for the service and with a suitable husband and wife team owning and running the business, would once gain flourish.

The present owner has voiced his offer to continue to service machines for the business, as he is a trained mechanic and understands their complexities, if a new owner would want this offer; he is quite willing to negotiate.
REF: 9223WF

Trading hours: Mon-Sat: 9.30am – 5.30pm Sun: 11.00am – 5.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 10 years Remaining lease: 8 years Review every: 6 years Rent/Rates & Service charge: £11,500 + vat + 10% of turnover. All power included Note: Break clauses: 30.6.09 30.6.11 30.6.13

Location
Our client’s sewing machine, accessories and haberdashery business is located is a converted mill, which has been made into a fantastic shopping centre. The positioning is in a new wing of the ground floor with its frontage onto a large free car park. This positioning makes the business highly visible and easy to visit; it is also extremely convenient for customers.

The mill shopping centre is sited in a very busy shopping area in West Yorkshire, close to the motorway network; the surroundings to this are very densely populated.

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