Well-established Relocatable Machine Knitting Company

Nantwich, Cheshire
REF: S06246

Asking Price:
£30,000
Annual Turnover:
£104,000
Annual Net Profit:
£34,681
REF: S06246

Overview

Tenure:
Relocatable
Established:
1926
  • Wide range of products and services
  • Globally based clients
  • Brilliant reputation
  • No worldwide competition
  • Strong profit margins

An exciting opportunity to take on this unique machine knitting business, which can be relocated, now presents itself to an interested buyer.

For over 90 years the business has been retailing a comprehensive array of essential machine knitting supplies, catering to avid knitters across the globe. From whole machines, to patterns, yarns, and other accessories the business provides everything a knitter could need to create wonderful pieces. DVDs and books are also available to provide a wealth of inspiration to knitters of all abilities.

The business offers a variety of residential hands on courses throughout the year for customers to extend their knowledge and perfect their machine knitting technique. It also hosts two inclusive clubs which allow like-minded knitters to socialise and discuss all things knitting in a relaxed and friendly atmosphere.

As the only one of its kind, the business benefits enormously from no imposing competition, as well as a global customer base and renowned reputation within the industry, making the venture immediately operable by a new proprietor.

The business is run by the current owner from a home based location in Cheshire after being moved from Dorset 30 years ago. The company is a haven for drop in shoppers, organised knitting club visits, UK and worldwide online trade which makes it entirely relocatable to a destination of the new owner’s choice.

As the only machine knitting business in the world which accommodates all aspects of machine knitting, the company supplies products by mail order worldwide, as well as through its well-stocked shop in Nantwich. Alongside its navigable, informative website, the business promotes itself through featuring in Machine Knitting Monthly and The Guild of Master Craftsmen publications.

The current owner would be willing to stay on for a 12 month transitional period, whereby they would be available by phone.

This is an unmissable chance to keep a unique and well-established knitting business alive, which benefits from being the only one of its kind. Perfect for a knitting fanatic looking to take on an easily operable business, or a current owner of a related venture, a new owner could increase the business’s influence and stronghold within the industry through various opportunities.

Utilising Amazon and eBay to retail its products would be extremely advantageous in growing its customer base and orders. Furthermore, boosting its online exposure through Facebook and other social media channels would enable a wider reach to those currently unaware of the business and its services/products it offers.

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  • Relocatable
  • Home based
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This business does not require an EPC

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