Knitting Supply Retailer in central Leighton Buzzard

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
📞 0330 236 7030
📧 [email protected]
🌐 www.goodwinsbrokers.co.uk