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BUSINESS FOR SALE - PROFILE #  41590044

Popular Craft Supply Shop - incl $160K inventory
South Carolina

Asking Price: $240,000   Down Payment: $60,000  
Gross Revenue: $354,835   Adj. Cash Flow*: $52,604  
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Executive Summary
With many years of operating history, this business has built a solid reputation as a well-respected source of high quality supplies for sewing enthusiasts of all levels of expertise. Offering a wide range of fabrics, machines, accessories, and training classes, it is the requisite designation for a dedicated and growing base of customers. This business is extremely well managed and utilizes a proprietary point-of-sale software system and inventory management system. The store is situated in a quaint location that resonates very well with its creative product and service offerings.

After a very long track record of success with this business, the current owners are ready to enjoy their retirement. Seller is willing to offer substantial financing to qualified buyers. Seller will provide extensive turnover and training as part of the transaction.

This business is ideal for any buyer with an interest in textiles or crafts and who enjoys interacting with customers and employees in a creative and fun atmosphere.

The real estate is owned by the seller and it is anticipated that a buyer will lease the real estate. The cash flow figures above reflect a lease at market rates. However, acquiring the real estate is a potential option for a buyer of the business.

Acquisition Highlights

  • Financing Information:  To be determined
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1984 Inventory: $165,000 Included
Employees: 8 PT Furniture, Fixtures & Equipment: $26,000 Included
Real Estate:
    Total Assets Included in Sale: $191,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Michael Purcell
Phone:  (864) 335-5222
Fax:  (864) 335-5228
E-mail:  vr@vrgreenville.com
VR Business Brokers - Greenville, SC
234 Adley Way
Greenville, SC 29607
www.vrgreenville.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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