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Superb Craft Shop for sale in Cambridge

Cambridge, Cambridgeshire

Asking Price Open to offers
Turnover £60,000

Business overview

NO LONGER FOR SALE

An award-winning yarn shop with a strong community spirit in charming premises.

Business details

  • Property type
  • Net profit
  • Accomodation
  • Staff
  • Rent per annum

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Business description

An award-winning yarn shop with over five and a half years of trading, this would be an excellent choice for a knitter’s (or group of knitters') lifestyle business. It stocks mostly high and medium-end yarns, needles, patterns, tops and sundries for knitting, crochet, felting and related fibre arts. The charming corner shop premises (39 sq metres of sales floor plus storeroom/toilet/kitchenette) benefits from large windows on two sides and a wooden floor, for a very pleasant interior (the windows are orientated in such a way the light does not fade stock on the shelves)....................
The shop has a strong community spirit with weekly and monthly knit groups, extremely popular classes with external tutors every weekend and occasional special events. The shop is currently run single-handed by the owner and open five days a week, 10am – 2pm, 3pm – 6pm Wed-Sat with later opening on Tuesdays, these hours can be changed to suit the new owner.....................
Situated close to a retail park and supermarket, there is plenty of nearby parking and bus stops. Just a mile from the town centre, it is easy to get to for Cambridge residents and tourists and avoids the transport nightmare of a town-centre shop for shoppers from surrounding villages. It is the only dedicated yarn shop in a 40 mile radius....................
Cambridge is an affluent area of the country and shoppers appreciate finer yarns, as well as standard lines. The shop has enjoyed a growth rate of 8% most years as word of mouth, advertising and the interest in craft grows....................
Online sales could provide an extra stream of income in future. A fledging webshop was set up this year but an extra member of staff is needed to fully develop, populate and advertise it and pack & post orders. Exhibiting at shows and external events would further increase sales as would more evening events...................
The shop qualifies for 100% small business rate relief so no rates are payable. The lease is to be renewed at a higher rent of £12,000pa for three years....................
The owner wishes to sell in order to pursue a new adventure....................
“I opened the shop in 2011 with initial funding of £23,000 plus savings to live off for a year, and a lot of unpaid labour from helpers. It took nine months of planning to open then a year working unpaid, learning a lot on the job. Over the course of six years a widespread customer base has grown, the shop has an excellent reputation, a large and invaluable social media following and mailing list and good relationships with teachers and suppliers. These can be transferred to you along with all stock, fixtures and fittings. I would be happy to spend time after the sale transferring yarn shop knowledge to you. Being surrounded by colour and texture all day is a delight, and many customers have become good friends. If this is the life for you, do enquire.”

Business location

Cambridge, in the street between the river and busy Newmarket Road. We're on the sidestreet opposite Travelodge, a mile from the central market square.

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