Based in the vibrant town of Milford on Auckland's North Shore, Wild & Woolly Yarns has been in business for 40 years having just three owners over this time.
It's a testament to the reputation of the business that the current owner, who is now retiring, has been running it for the last 20 years. Over this time, Wild & Woolly has been transformed from just a "wool shop" into an impressive destination for knitters of all skill levels.
With a well-earned reputation for expert, friendly advice new knitters feel instantly at ease. A first-time knitter turns into a loyal, repeat customer.
An online store and website convey the feel and philosophy of the physical store. Over the last year, online sales have doubled, and knitters from all over New Zealand regard Wild & Woolly Yarns as their "local wool shop". This trend won't be changing anytime soon, having an email database of close to 2,000 loyal customers ensures ongoing business.
The two main Auckland-based suppliers view Wild & Woolly as a key customer: supply is reliable, deliveries are prompt and product support is always available.
This is a serious business, the 'financials' are impressive. Clever upgrading of technological systems including barcoding of all stock, which is scanned at the point of sale, means that sales can be tracked in real-time and stock levels are recorded accurately.
The lease has a further two years to run and the vendor has an excellent relationship with the long-term landlady.
All this adds up to a solid business that is well worth reviewing. Call me now, Lester de Vere - 0274 599 773.
Price $295,000 plus estimated stock value ($90,000)
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