Commercial Property for sale

Chopwell Road, Blaydon, Tyne And Wear, NE17

£249,999

Property Description

Full description

FANTASTIC PATCHWORK & QUILTING SUPPLY STORE WITH OWNERS' ACCOMMODATION - TYNE AND WEAR
Situated near the desirable city of Newcastle Upon Tyne
Well presented 2 bedroom accommodation
Advised annual turnover of £117,669
Well established and highly reputed
Brilliant website and advertising
Ideal lifestyle opportunity
Genuine reason for sale
FREEHOLD


Location

This business is situated 10 miles west of Newcastle upon Tyne. Situated in a quiet village with direct bus links to Newcastle and Durham with ample free parking available directly outside the building.

The city is located north of the River Tyne, and lies at the urban core of the Tyneside. Newcastle is one of the largest cities in England allowing it to hold a brilliant variety of attractions. One of the main iconic attractions to see in Newcastle would be the 'Angel of the North'; this greets all incoming visitors with welcoming open arms. The beautiful attraction is visited by over 150,000 people per year; visitors from all over the world come to see this eye-catching peace of art surrounded by an array of stunning scenery.

Newcastle also benefits from having it's own well known Premier League football club 'Newcastle United Football Club' which is popular all around the world, bringing tourists to their 52,339 seated stadium 'St. James' Park'.

Surrounding the business is a large amount of parking and travel facilities, which allows people to travel to and from the shops. Newcastle enjoys being a large market city, holding a wealth of high street shops, restaurants, cafés, public houses, fantastic NHS services, education facilities and many more which create the city to be a perfect place to live and visit.


Business History

Meridian Business Sales are delighted to offer this superb patchwork and quilting supply store, which was established by our client in 2005. The business is an agent for Brother Sewing machines as well as Husqvarna & Pfaff sewing machines. Our clients sell the machines on a commission basis. At present the shop employs one full and one part time member of staff. The business has a dedicated Sewing Studio which comfortably holds 16 people for classes and workshops. The Studio has hosted classes by many renowned Patchwork & Quilting experts.

The Fat Quarters has a brilliant reputation and loyal customer base. There is a dedicated Retail website with a computerised stock control system. Currently there are in excess of 9000 customers registered with 5000 receiving regular newsletters. The Fat Quarters has a high profile on Social Media. The business is a large well stocked retail outlet with in excess of 2500 Bolts of quality fabrics, plus Books, Patterns, Waddings and notions. They also offer a Long Arm Quilting Service and the Gammill Machine value £10,000 is also included in the sale. The owner has created a profitable and excellent business which is ready for the next owner to walk into.

They also have a dedicated website which currently has in excess of 8,000 people registered, of which 5,000 receive regular newsletters, which allows the business' client base to continuously grow. The only reason our client has instructed us to offer this exceptional business to the market is due to unfortunate ill health.

The business is a large retail outlet which sells a range of fabrics, books, patterns and many other sewing notions needed to make a patchwork quilt or other fabric projects. There are also many more excellent products available at fantastic prices. The sale of the stock generates the business a respectable annual turnover of £117,669 with a gross profit margin of 71.18%. The business offers other brilliant services including; a loyalty scheme, workshop classes, and attending quilting shows.

The workshop classes run in two ways, either a drop in workshop which is when people come along to join in and receive professional and well trained help and guidance, the other way is a structured class where everyone is learning the same project.

The business is extremely popular with clients' due to their excellent delivery service, and they offer same day dispatch for most products. Early viewing is highly essential for this business, as this exceptional patchwork and quilting supply store is not to be missed.


Financial Profile

Turnover £117.669
Gross Profit 84%


Tenure

We are advised freehold


Opening Hours

Monday: Closed
Tuesday: 10:00am - 4:00pm
Wednesday: 10:00am - 4:00pm
Thursday: 10:00am - 4:00pm
Friday: 10:00am - 4:00pm
Saturday: 10:00am - 4:00pm
Sunday: Closed


Accommodation

Double glass fronted and well maintained stone built, terraced property with eye catching signing and window displays, briefly comprising:


GROUND FLOOR
Secure entrance leading to:

Sales area

Serving/payment counter

Cash register

Office

Toilet facilities

Studio/workshop area

Toilet facilities

Fully fitted kitchen

Storage area

FIRST FLOOR
2x double bedrooms
Fully fitted kitchen
Dining room
Living room
Large family bathroom

Nearest stations

  • Prudhoe (4.6 mi)
  • Wylam (4.7 mi)
  • Stocksfield (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Prudhoe (4.6 mi)
  • Wylam (4.7 mi)
  • Stocksfield (5.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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