*SOLD* CREATIVE FIBER ARTS BUSINESS - $50K DOWN WITH SBA AND SELLER FINANCING AVAILABLE
Well-established, independently owned, quilting retail shop in Sioux Falls, South Dakota. Perfect for entrepreneur who enjoys the creation, education and preservation of fiber arts traditions.
- Well-trained management and staff in place
- Steady and loyal customer following
- Includes $150,000 in inventory
- Sought after, quality fabric not found at big-box retailers
- Great location
- A stable business with wide demographic and thrives in recessionary times
- Seller retiring
A new owner would provide oversight of the business but wouldn’t need to be in the store on a daily basis. Turnkey, including inventory and equipment. Great growth opportunities by increasing online sales and year-round classes.
Continual demand and a strong reputation have led the shop to continually profit, even through COVID.
Listing ID: Sold 1-1852
Industry: Retail
Sunbelt Office: South Dakota
Listing Agent: Jill TenHaken'
Business Price: $299,000
Seller Financing Available: Yes
Down Payment: $50,000
Revenue: $430,000
Cash Flow: $87,500
Years in Business: 15+ years
Is this a franchise: No
Inventory included in sale: Yes
Inventory Value: $150,000
Employees (Part-Time): 5
Reason for selling: Retirement