Cynthia Cossu
Suffolk, VA (USA)
Role(s):
Other
Threads of Time Fabric & Retreat Center
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Startup
Location:
Danville
Industry:
Textiles
Year Founded:
2006
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
Threads of Time Fabric & Retreat Center is home of the largest retreat facility in the mid-west, attracting quilters and sewist from all areas of the United States. International and National celebrity instructors are booked throughout the year, drawing people from all over to attend workshops and lectures at Threads of Time. Not only is there a fabric/quilt shop within the building, there is a 36 bed retreat center (all rooms handicap accessible).
The business does on average $780,000 per year, and is profitable supplying jobs to 11 employees. In addition to the retail shop and retreat center, the business also has a new e-commerce website. I am looking for funding to acquire this business and am putting in $100,000 of my own. I do have well over $200,000 in personal assets if that helps in any way. The couple that I am purchasing from want to retire and visit grandkids. They are more than willing to stay on and work with me for the first 4-5 months and also will not be leaving the area.