Peacock Mews, Leighton Buzzard, Bedfordshire, LU7
Offers in Region of
£40,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Shop for sale
- USE CLASSUse class orders: A1 Shops
A1
Key features
- Quaint Mews Location
- Enviable Reputation
- Would suit a Yarn Enthusiast
- Turnover in excess of £30k PA
Description
Business Sales Brochure - Woolly Knits
Business Reference: GO3925
16-18 Peacock Mews, Leighton Buzzard, LU7 1JH
OVERVIEW
Woolly Knits is a well-loved independent knitting and wool shop, proudly serving the local community from its characterful location in the heart of Leighton Buzzard. With a loyal customer base, low operating costs, and potential for growth, this is a fantastic opportunity for a buyer with a passion for knitting, crochet and all things yarn or retail.
KEY HIGHLIGHTS
Established & Trusted: Long-standing reputation in the area with strong word-of-mouth referrals and repeat customers.
Low Overheads: Attractive leasehold premises, with a new lease to be assigned
Specialist Stock Range: Popular selection of yarns, patterns, accessories, and knitting supplies.
Untapped E-Commerce Potential: No existing website - immediate scope to expand online and grow revenues.
Prime Location: Nestled in the charming Peacock Mews shopping area - a quaint pedestrian retail spot with expanding footfall.
FINANCIAL SUMMARY
Annual Turnover: £30,000
Net Profit: £8,400
Business Structure: Sole trader
Lease Terms: New lease to be agreed
Employees: Owner-operated
OVERHEADS & PREMISES COSTS
Woolly Knits benefits from low running costs, making it an ideal opportunity for a hands-on owner-operator. The current outgoings are as follows:
Rent: New lease to be agreed.
Service Charge: £80 per quarter
Electricity: circa £15 per month (supplied by BG Lite)
Water: circa £30 every 6 months
Buildings Insurance (2024/25): £225 per annum
Rateable Value:
£5,200 in 2016-17
£2,300 from 2018 onwards (indicative of potential small business rates relief eligibility)
These low overheads support a healthy net profit and make the business highly manageable, even as a part-time or lifestyle operation.
GROWTH OPPORTUNITIES
While Woolly Knits already benefits from a consistent and loyal local customer base, there is significant room for expansion, particularly via:
E-Commerce: Launching a website and online store to capture national craft and knitting market.
Workshops: Hosting knitting clubs, beginner classes, and events to increase footfall and secondary spend.
Social Media Engagement: Further leveraging platforms like Facebook and Instagram to build community and increase reach.
Gift Packages & Subscription Boxes: Yarn kits and monthly bundles could become an additional revenue stream.
ASKING PRICE
Offers in the region of £40,000
+ Stock at Value
This includes the goodwill, fixtures and fittings, customer base, and lease assignment.
REASON FOR SALE
The business is being sold due to the owner's desire to retire after building a business with heart and a loyal customer following.
IDEAL BUYER
This business would suit:
A yarn enthusiast or hobbyist looking to turn their passion into a business
An existing retailer looking to add a new location
An e-commerce entrepreneur wanting to build a brand in the fast-growing yarn sector
NEXT STEPS
For further information or to arrange a confidential viewing, please contact:
Ref: GO3925
Goodwins Business Brokers
Business Reference: GO3925
16-18 Peacock Mews, Leighton Buzzard, LU7 1JH
OVERVIEW
Woolly Knits is a well-loved independent knitting and wool shop, proudly serving the local community from its characterful location in the heart of Leighton Buzzard. With a loyal customer base, low operating costs, and potential for growth, this is a fantastic opportunity for a buyer with a passion for knitting, crochet and all things yarn or retail.
KEY HIGHLIGHTS
Established & Trusted: Long-standing reputation in the area with strong word-of-mouth referrals and repeat customers.
Low Overheads: Attractive leasehold premises, with a new lease to be assigned
Specialist Stock Range: Popular selection of yarns, patterns, accessories, and knitting supplies.
Untapped E-Commerce Potential: No existing website - immediate scope to expand online and grow revenues.
Prime Location: Nestled in the charming Peacock Mews shopping area - a quaint pedestrian retail spot with expanding footfall.
FINANCIAL SUMMARY
Annual Turnover: £30,000
Net Profit: £8,400
Business Structure: Sole trader
Lease Terms: New lease to be agreed
Employees: Owner-operated
OVERHEADS & PREMISES COSTS
Woolly Knits benefits from low running costs, making it an ideal opportunity for a hands-on owner-operator. The current outgoings are as follows:
Rent: New lease to be agreed.
Service Charge: £80 per quarter
Electricity: circa £15 per month (supplied by BG Lite)
Water: circa £30 every 6 months
Buildings Insurance (2024/25): £225 per annum
Rateable Value:
£5,200 in 2016-17
£2,300 from 2018 onwards (indicative of potential small business rates relief eligibility)
These low overheads support a healthy net profit and make the business highly manageable, even as a part-time or lifestyle operation.
GROWTH OPPORTUNITIES
While Woolly Knits already benefits from a consistent and loyal local customer base, there is significant room for expansion, particularly via:
E-Commerce: Launching a website and online store to capture national craft and knitting market.
Workshops: Hosting knitting clubs, beginner classes, and events to increase footfall and secondary spend.
Social Media Engagement: Further leveraging platforms like Facebook and Instagram to build community and increase reach.
Gift Packages & Subscription Boxes: Yarn kits and monthly bundles could become an additional revenue stream.
ASKING PRICE
Offers in the region of £40,000
+ Stock at Value
This includes the goodwill, fixtures and fittings, customer base, and lease assignment.
REASON FOR SALE
The business is being sold due to the owner's desire to retire after building a business with heart and a loyal customer following.
IDEAL BUYER
This business would suit:
A yarn enthusiast or hobbyist looking to turn their passion into a business
An existing retailer looking to add a new location
An e-commerce entrepreneur wanting to build a brand in the fast-growing yarn sector
NEXT STEPS
For further information or to arrange a confidential viewing, please contact:
Ref: GO3925
Goodwins Business Brokers
Peacock Mews, Leighton Buzzard, Bedfordshire, LU7
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Leighton Buzzard Station0.7 miles
- Cheddington Station4.0 miles
Notes
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Disclaimer - Property reference GO3925. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Goodwins Business Brokers Ltd, Covering - Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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