Would You Like To Be A Yarn Shop Owner?

In case you didn't know...StitchCraft is for sale. We've been for sale since April of 2010. I've (Nicholette) been looking to get out of the business because it's really just too much being in retail and trying to maintain my family and home. We have no immediate family here, in fact, all our family is East of the Mississippi. So, when the kids get sick, or we need to go to appointments, or vacations, etc...it's very hard doing it alone.

I don't want to see the needlearts go out of Vancouver, so after BIG discussions with my husband, we decided that another option outside of selling the shop is looking for a business partner. The RIGHT business partner. Someone that can work in the shop during the evenings and weekends; someone that will pick up part of the load of paperwork; someone that is happy with their life; someone that loves the needlearts and/or weaving; someone that can invest in a little more inventory, and someone that can help to move the shop to a location with room for a classroom.

The shop is valued at 115K. We are selling it for 100K. A business partner would invest 50K - perhaps a much more reasonable sum than 100K in these hard economic times.

StitchCraft is an award-winning business. We won the title Best New Business in Southwest Washington in 2008. This award was given by a panel of business people in the Vancouver area. This panel included local SCORE business professionals, and professionals from The Vancouver Business Journal. StitchCraft is alive and well - we made a profit in our second year of business! And, this year, the profits are up again!

We've had about 35 inquiries from individuals wanting to know how much the shop is, but no one serious about pursuing the sale. Maybe you're shocked about how much it costs to open a shop like StitchCraft? When you do retail, you BUY all your inventory. The yarn companies don't give it to us on consignment. Not to mention the fixtures, point-of-sale system, Internet site, samples, etc. And, because we're already established and know our market, we have a customer list of 3,100 people. Pretty darn good!

So, if you are interested in becoming a partner, or owning the shop outright, please let us know. Here's a picture of me with my award and a picture of me with my kids this past week at the Pumpkin Patch...And pics of the shop.