PROFITABLE BUSINESS FOR SALE. This business was established in 1978 - 43 years ago and has been owned & managed by the current owner for 30 years. The reason for selling: She is ready to retire.
At the most recent year end, June 30, 2021, the annual sales were $1,500,000. Approximately $200,000 is generated by the service department which has 3 self-employed technicians doing repairs on all brands. The store carries the following brands EXCLUSIVELY: Pfaff, Baby Lock, Janome, Husqvarna Viking and also carries Bernina. Fabric Sales are also an additional profit centre that fits in well with the other product lines. The store sells to numerous schools, Hutterite Colonies, 1st Nations, quilters, and the general public. Also, the store offers CLASSES either virtually or in a classroom setting in a part of the business specifically set up for classes. There was a successful move to this location 2 years ago at which time all new fixtures were purchased. The current lease rate is $11.00 per sq. ft. until August 31, 2024, followed by $12.00 per square foot to August 31, 2027, then $13.00 per sq. ft. to August 31, 2029. The Selling Owner is willing to stay on in any capacity that the new owner would like. Makes for a good quality transition!
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