Industry Spotlight: Craft Businesses
The craft industry includes goods that are handmade by artisans or those skilled in a particular trade. According to the Craft & Hobby Association, the craft industry includes businesses engaged in the design, creation, distribution, and sales of products. During the recession, when many other retail sectors declined, the craft and hobby industry held steady at $30 billion in annual revenue.
Startup costs for these types of small businesses are low, and most owners can create items in their own homes, making it an accessible and affordable avenue for those looking to be in the craft business. Craft and hobbies are familiar to many consumers. Each year about 56% of American households craft at least one project, according to the Craft & Hobby Association.
If you are considering the purchase of a craft business, Transworld is committed to ensuring the best deal for all parties involved. Transworld's professional business advisors will meet with prospective buyers to determine abilities and interests, provide education about the search and buying process, and connect you with craft business sellers that match your criteria.
Click here if you are interested in selling your craft business. Transworld's experienced advisors will offer you full marketing support, including an expert opinion on value and strict confidentiality, as they introduce you to suitable prospective buyers. Transworld will be involved at all stages until the craft business changes hands and even beyond.
Small businesses engaged in the craft industry include everything from art galleries to handmade textiles to culinary products. Search Transworld's listing of available craft businesses for sale here. We offer a detailed description of each craft business for sale, along with some basic business information such as price, down payment, number of employees, and current inventory.