Description of the business for sale
Don`t miss this rare opportunity! It is estimated, by the Home Sewing Association, that there are approximately 35 million sewing hobbyists in the U.S. Tap into this new and growing generation of sewers with this start up sewing lounge. This lounge is the nation`s first drop-in urban sewing studio. It is the modern version of a sewing circle; a community space providing an inspirational, supportive environment for people to express their individuality by creating their own clothing and house wares. This lounge has been featured in Time Magazine, Entrepreneur Magazine, The Wall Street Journal, The Washington Post, and NBC Nightly News with Brian Williams.
The lounge offers sewing machine rentals by the hour, group and private classes, a unique fabric selection, sewing machine sales and a boutique featuring the work of local designers. A new owner may consider expanding classes, adding other complementary classes (knitting, textile design, etc), increasing the inventory of fabrics, threads, and other sewing products, and developing a greater online presence with sewing information, user forums, sewing blogs and a space for project sharing.
The lounge has enjoyed an average of 12% growth per year in revenue from 2005 to 2007. Revenue growth is mainly attributed to class sales, in 2006 and 2007 classes accounted for 72% and 77% of revenue respectively. Since opening its doors in June of 2004 its classes have brought in over 2000 sewers with approximately 25% returni
Support / Training provided by seller
4 weeks, 10 hours per week.