Listing Number: 76931-523225
Description
ASKING PRICE = $249,000 PLUS Current Inventory
This landmark quilt shop has served the Houston quilting community since February of 2004.
Financial Performance
2023 Revenue: $801,770
2023 Seller's Discretionary Earnings (SDE): $83,157
Unique Offerings and Initiatives
This quilt shop has distinguished itself through innovative and unique offerings, setting it apart from other quilt stores:
- Quilting Cruise Vacations: The seller pioneered the concept of annual quilting cruise vacations from the conveniently located port of Galveston. This highly successful initiative includes reserving a conference room on the ship, providing over 20 sewing machines, and offering classes for quilters.
- Wild Wild West Shop Hop: Founded in 2004, this event initially involved nine smaller quilt shops, encouraging customers to visit each shop to purchase quilt blocks. It has since expanded into the Greater Houston Shop Hop, encompassing shops from Lake Jackson, Dickinson, Webster, Stafford, Conroe, Montgomery, Tomball and more.
- Quilt Festival Shop Hop: The seller is the organizer of this event at the International Quilt Festival at the George R. Brown Convention Center each fall. It features 12 booths selling quilt blocks and designs, with significant booth traffic and sales.
- One and Done Event: The seller also founded this popular 5-times-a-year event where customers receive a pre-cut quilt kit, lunch, snacks, drinks and a goodie bag for their fee. While attending, participants enjoy exclusive shop specials, making it a customer favorite.
More than just a retail store, this quilt shop is a vibrant part of the quilting community, fostering a sense of belonging and creativity among quilters of all levels. The shop's events and initiatives have created a supportive and enthusiastic customer base, contributing to its success and reputation.
Why Purchase This Quilting Store?
• Prime Location: Situated on one of the busiest freeways in America, ensuring high visibility and easy access.
• Innovative Events: Proven success with unique events that drive customer engagement and sales.
• Established Reputation: Known for quality products, exceptional customer service and a strong community presence.
• Growth Potential: Opportunities to further expand both in-person and online offerings, building on an already solid foundation and reputation.
This is a unique opportunity to acquire a well-established, profitable quilting store with a loyal customer base and significant growth potential.
Listing Details
- Price: $249,000
- Down Payment: $249,000
- Sellers Discretionary Earnings: $83,157
- Total Sales: $801,770
- Location: Fort Bend County, Texas
- Inventory: $225,000
- FF&E: $45,000
- Employees: 6
- Reason for Selling: Retiring
- Category: Crafts/Hobbies
