Black Sheep Wool ‘n’ Wares

Black Sheep Wool n Wares
$25,000 For Sale

Description

Price: $25,000 (Furniture / Fixtures and Inventory / Stock included)
Figures: Available on request

Black Sheep Wool ‘n’ Wares is a thriving well-loved, wool shop located on the Northern Tablelands in Guyra, just north of Armidale and 2 hours inland from the North Coast. The business enjoys a prodigious reputation for its wide product range, stocking many unusual and unique yarns and books plus friendly and prompt service.
The retail business was established in 2004 and has built up an enviable status throughout Australia and overseas with a loyal following and abundant repeat custom. Black Sheep Wool 'n' Wares stocks an enormous range of yarns, books, patterns, knitting accessories, handmade garments, fashion accessories and lots more. Love wool but can’t knit, they have that covered also. You choose the pattern and yarn colour and their wonderful knitters from around the district will knit the garment for you.
There is also the potential to run various classes and courses in knitting and crochet from the shop. Every year there are several knitters’ groups that come to Guyra specifically to purchase yarns. The business also enjoys a strong media presence including a user-friendly website and facebook page, which has the potential to be further developed.
The business has a computerised till and stock system utilising MYOB and Vend point of Sale software. There remains infinite scope to grow the business further if desired.
The business is reluctantly offered for sale. Further information available upon request, please contact agent for more details.


Premises Rent:
$8,580 per annum (GST inclusive)
Location:
The business is in Bradley Street, Guyra, which is approximately half way from Sydney to Brisbane on the New England Highway, 35 km north of Armidale and 2 hours inland from the North Coast. The town attracts visitors from a large catchment area and boasts the 2 largest glasshouse tomato growing operations in the southern hemisphere.
Premises Details:
The premises is fronted by two large display windows and is located in the heart of the main street. The interior is fully equipped with shelving around the perimeter, housing stock and display areas. Rear serving counter with till. Units and display area in the centre of the store, and work area at the back, with table and chairs where classes can be held. There is a small office and a kitchen area and toilet at the rear of the shop. There is a back door to the premises leading to a private carparking area.
Expansion Potential:
The online shop which encompasses approximately 70% of sales has been gradually increasing over the years and there is opportunity to expand this further as the shop’s reputation continues to grow. There is also scope to delve further into haberdashery or even fabrics and the potential to grow a presence at craft exhibitions and crafting groups.
Competition / Market:
There are no other haberdashery shops in Guyra. The nearest place for yarns, fabrics, threads and haberdashery etc is Armidale. However, these shops don’t offer the quality or extensive range of yarns nor the personalised service that Black Sheep Wool ‘n’ Wares is renowned for.
Reasons for selling:
Owner looking to spend more time at home with family
Trading hours:
Monday - Friday 9.30 am - 4.00 pm
Saturday - 9.00 am - 2.00 pm
Sunday - Closed
(Hours may vary on public holidays)

Employees:
Occasional casual employees plus local knitters, used on an as needed basis

Support & training:
The current owner has indicated a willingness to stay on for a transitional period, as required, to help the new owner get up to speed with the business.
Furniture / Fixtures value:
$10,000 - included in the asking price
Inventory / Stock value:
$15,000 - included in the asking price
Relocatable:
This business can be relocated