Hobbycraft is the largest arts & crafts retailer in the UK operating from 94 stores, having opened 5 new stores in 2018. Hobbycraft are seeking another 5 new stores to open in 2019.
The business reported a turnover of £168.5 million for the year ending February 2018. They offer a strong covenant; D&B 5A1.
Hobbycraft is selectively seeking new units with 7,000-8,000 sq ft of ground floor retail. 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 Avison Young for new out-of-town store acquisitions throughout the UK.