Fabric and Craft Shop in East Sussex For Sale

The business operates from 3, first floor, trading units situated in a locally renowned listed building. Excellent High Street trading position, next to a public car park and close to the railway station, residential, office and commercial area, East Sussex.

Turnover £ 2,250
Price £34,500

Features

Renowned Retail Unit Selling Dress Making Fabric, Knitting Yarns and Haberdashery (including Buttons, Elastic, Ribbons, Knitting and Sewing Patterns), Craft Items, Gifts and Cards with Website

6 DAYS OPENING

Prominent trading position, triple unit, with in a large renowned Listed building, with a number of independent traders including a café, butcher, confectioners, barbers, etc.

Industrial non-slip flooring, vaulted ceiling with spot lighting.

Sales counter, cash drawer, card machine, customer display standing, wrapping and shelving, racking, large cutting table.

Office (Optional - on separate licence.)

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,250 p.w. GP 58%

We are advised the accounts year ending April 2025 show sales of £117,000 with a Gross Profit of £67,860

Staff

The business is at present operated by the vendor (predominantly on buying and administration roles) with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 9.30 a.m. - 5 p.m.

We are advised there is demand and scope for longer opening hours.

Tenure

The 3 units are held under annual licenses with a 2 month break clause. Annual rent £21,500 p.a. which includes rates. Electricity is invoiced seperately, the business sources its own telephone and internet services.

The landlord will grant, to a approved applicant, a new 12 month licence.

Price

TO INCLUDE THE ANNUAL LICENSES, GOODWILL, FIXTURES & FITTINGS £34,9500 plus STOCK AT VALUATION (£45,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote