*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
- Location:
- South Dakota
- Revenue:
- $430,000
- Business Price:
- $299,000
- Down Payment:
- $50,000
- SDE (Cash Flow):
- $87,500
- Listing Agent:
- Jill TenHaken
- Inventory included in sale:
- Yes
- Inventory Value:
- $150,000
- Years in Business:
- 15+ years
- Is this a franchise:
- No
- Employees (Part-Time):
- 5
- Reason for selling:
- Retirement
- Seller Financing Available:
- Yes
- SBA Financing Available:
- Yes