Business for Sale in Bungay, Suffolk - SPECIALIST QUILT FABRIC SHOP – BUNGAY, ON THE SUFFOLK/NORFOLK BOARDER - Leasehold: £59,950

Key Information

Ref
WH33735E
Type
Retail Businesses: Haberdashery Shops
Location
England: Suffolk
Tenure
Leasehold
Status
For Sale
Download Particulars Add to my favourites

Request Particulars

Please fill the form in below to request particualrs via e-mail for Business Ref : WH33735E

Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

Call us on 01603 280873

Wow! As you walk into this shop you cannot help but find yourself instinctively saying these words. This little gem of a business is like an Aladdin’s Cave for those with a passion for all things quilting and patchwork. With some 6,000 bolts of fabric on display you will simply be amazed by all that is on offer.

Known throughout the country and even further afield having featured in numerous trade magazines as well as the likes of the Sunday Times, the business attracts a very loyal customer base who travel from near and far specifically to come to the shop. Drawn by the huge range of fabric available and knowing that they will find everything they need here the shop is not dependent on passing trade which only adds to its appeal.

In addition, the upstairs workshop runs daily classes which always remain full and with a waiting list for many of them such is their popularity. With various tutors leading these classes already this side of the business can continue as is although it also offers much potential to increase margins should a new owner be able to teach as well. The two sides of the business feed off each other very well and provide a constant stream of customers meaning a constant turnover throughout the year.

For anyone with any interest in quilting or fabric this must be seen as you will be hard pressed to find a better example of this type of business in the country.

THE BUSINESS ITSELF

Originally set up by the owner some 22 years ago to raise funds for an orphanage in Thailand, with a hint to its charitable work in the name of the business, it is finally time for a well earnt retirement and to pass the mantle onto someone new.

Although run out of a love and passion for quilting and a desire to help others the business is still a very profitable operation and constantly turns over well in excess of £200k pa.

In addition to the shop and classes the owner also displays at 2 large national shows as well as several smaller regional ones that they are invited to. Everything needed for displaying including large quilt stands will be included and this is an area that a new owner can further expand upon should they so wish.

As a specialist fabric shop there is no near competition for the business and not even some further away offering the selection of what is on offer here. Providing everything a quilter could want from threads, notions, kits and patterns in addition to the extensive range of fabrics from the likes of Moda, Robert Kaufman and Tilda. They are particularly renowned for being the largest supplier in the UK of Japanese Lecien fabric and have an enviable reputation for matching fabrics.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.

The large window displays either side of the main door provide an insight into the joys that lie within, but it is not until you step inside that you can really start to appreciate just how special this shop is.

In all the ground floor retail space is approximately 840sqft with an office area off to one side and an open store room to the rear part of the shop providing a home for the range of waddings and fleece that is stocked. To finish off downstairs there is a kitchen and WC as well as rear access to the car park area and entrance to upstairs workshop. The upstairs workshop is an open plan room set with workstations and teaching equipment and facilities for the use of our those attending.

A new lease is to be granted with final terms to be agreed with the landlord and the in-going tenant.

Copyright © EM & F Group Limited 2018 - Company No: 03035561 - VAT: 631 4000 02