Hobbycraft is the largest arts & crafts retailer in the UK operating from 86 stores, with another 2 stores opening in 2016. Hobbycraft are seeking another 10 new stores to open in 2017.
The business reported an EBITDA of £6.8 million and a turnover of £141.1 million for the year ending February 2015. They offer a strong covenant; D&B 5A1.
Hobbycraft is selectively seeking new units with 7,000-10,000 sq ft of ground floor retail, sometimes including a trading mezzanine. They require an open A1 planning consent (or restricted if the sale of craft goods is permitted) and prefer stores on retail parks with a softer tenant mix, or retail clusters in stronger towns.
Hobbycraft retains Wilkinson Williams for new out-of-town store acquisitions throughout the UK.