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Businesses For Sale   >>   Other Entertainment and Leisure Businesses For Sale

Los Angeles / San Fernando Valley Knitting Store

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $184750
Net Profit / Cash Flow  $8119
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2011
Number of Employees  4 - 5
Inventory  10000
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  2 Weeks at 20 hrs/wk
Reason for Sale  Personal

This San Fernando Valley / Greater Los Angeles area knitting supply store is ideally located in a highly visible main street location with ideal convenient freeway access. The store offers private classes as well as highly popular and social knitting groups and assistance with pattern designs. It also boasts an extensive retail offering of threads, yarn, needles and every additional knitting supply that can be imagined in a very comfortable, high end retail environment. Asking Price $25,000 This 1,000 square foot store leases for $3,700 per month on a lease until May 2015 with one 5 year option. All of the business's furniture, fixtures and equipment will be included in the sale. Its inventory, estimated at $55,000, will be sold at cost at close. While other knitting and crocheting supply stores exist throughout Los Angeles, this business is a community favorite, and it offers convenient access from all areas of the San Fernando Valley. It enjoys a large onsite parking lot and provides its patrons with an extraordinarily pleasant working classroom environment. New owners may wish to take this opportunity in any number of directions, including adding sewing or other complementary classes, or more advanced knitting, crocheting or other such courses. Since the store does not heavily engage in any form of advertising, new owners may wish to activity promote its Facebook page, launch a print ad campaign to local residents who fit its demographics, enter into co-operative agreements with community organizations, engage in Search Engine Optimization (SEO) for its website as well as Google AdWords campaigns, and even consider class offering specials via Group Buy sites such a Groupon, Living Social, etc.

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