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Asking price Turnover £60,000
NO LONGER FOR SALE An award-winning yarn shop with a strong community spirit in charming premises.
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.”
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