This long established fabric craft centre has long been held as the place to go for all quilting, patchwork and crafting needs. With well qualified and knowledgeable staff, customers are sure to get good advice and the correct materials for all their projects.
The business is a stockist of carefully selected local and international fabrics for patchwork, quilting, embroidery and other crafting projects. It also offers workshops and classes with experienced and highly sought-after tutors in its beautifully set up store.
Well located in an affluent beachside suburb of Melbourne, the store holds a prime location on a busy road with an abundance of passing traffic daily and easy accessibility by public transport.
The fabrics, patterns, kits, templates, threads and sewing accessories are also available for purchase online via their beautifully designed website.
Turning over approx. $400,000 per annum with rent of $3,187 per month including GST with 14 years remaining on the current lease.
Perfect for someone passionate about quilting and crafting. However, this is not a requirement as the store is currently run under management with 6 very knowledgeable and experienced staff working various part-time hours, who between them have 150 years worth of patchwork and fabric knowledge - all very eager to stay on and very reliable.
Current vendor has been based in the UK and selling due to need to permanently stay there but happy to provide 6-8 weeks handover as well as assistance from her mother, who is extremely well known in the quilting community.
There is a huge demand to run workshops, classes and have birthday parties and holiday programs. Teachers are ready and available. Current vendor has planned and designed projects and kits for customers and done all the costing excercises and projections of the projects. Vendor is happy to assist the new owner for an extended period to help with fabric ordering and liaising with distributors. There is so much potential in this business, and current owner is happy to discuss all the possibilities to expand the business with the new owner.
There is also great potential to grow the business via social media and email marketing platforms. Current staff expertise lies in customer service and shop management, which means social media is under utilised. An increase in frequency of posting and platforms used, as well as a focus on brand consistency, could mean huge growth.
Asking price is currently less than stock inclusive and new stock valued at $19,000 is arriving in July.
Inspections of this business will impress.
For more information contact Elle Likopoulos on 03 9566 7300.
Singapore
