How do I find a fabric, yarn or quilt shop for sale?
Search listing sites first, then go where the trade talks: quilt guilds, knitting circles, supplier sales reps and the teachers who run classes in the shops. Many of these shops change hands quietly or close without ever being advertised, so word of mouth often finds what a search will not.
Fabric, yarn and quilt shops are small, personal businesses, and many owners never post them anywhere. A shop may be built around one person’s taste, classes and customer friendships, so the owner often wants a quiet, careful sale. That shapes the search. Start with listings, but expect the better leads to come from the people who already shop, teach and sell in this trade.
Start with listings and a clear brief
Search business-for-sale listings under several names, because the same shop may be called a fabric store, a yarn shop, a quilt shop, a wool shop or a needlework centre. Save the searches and check them often. Decide first what you want: a shop with a strong class program, a mostly retail floor, or a shop that already sells online.
Ask the people who orbit the shop
Quilt guilds, knitting circles and sewing groups know which owners are tired, retiring or quietly looking. Teachers who run workshops in several shops hear early. Supplier sales reps visit many shops and see who is cutting back orders. Ask each of them politely and say what you are looking for. Many owners will talk to a serious, respectful buyer long before they would answer an advertisement.
Why some shops never reach a listing
Some owners fear that word of a sale will unsettle customers, teachers and suppliers. Others assume nobody wants a fabric shop and simply plan to close and sell off the stock. An approach from a thoughtful buyer can change that plan. Be ready to keep it confidential, and expect the owner to ask who you are and why you want the shop.
Once you find one
Finding a shop is only the first step. Checks on the stock, classes, lease and records come next, and what to check before buying a craft or fabric store walks through them. Keep your list of shops you looked at, even the ones you passed on, because owners sometimes come back.
Related reading
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
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