featherweight

Where is it located? I would like to go and take a look. Thanks

oatw13

I believe she is talking about the shop Wooden Spools. They also sell yarn. It is south of Denver in Englewood.

Here is their website: http://www.woodenspoolsquilting.com/

I haven't been, but it's on my list for this summer. :)

newbee

The store's name is Wooden Spools. It is located at 2805 S. Broadway, at the intersection of Broadway and Amhurst on the southwest side of the intersection. Here is its website:

http://www.woodenspoolsquilting.com/

The store also sells yarn and has quilting, crochet and knitting classes.

MTS

Thanks for the link.

Interesting concept. A yarn shop becomes a quasi-quilting store by having the customers provide the inventory.

Around 4 yards of fabric weighs a pound.
So the shop is buying your fabric for $1.50/yard, resulting in a $3.50 gross profit per yard for them.

Here's the catch though. If I had fabric I was willing to sell for $1.50/yard, I wouldn't want to be buying the same type for $5/yard.

But I guess for others it would be good opportunity if they have no other outlet to sell. Or to buy.

But, still, a very interesting concept.

I'd love to hear what other people who visited the shop have to say on the quality of the selection.
Of course, I'm 1000 miles away, so the point is moot. I'm still curious.

And thanks to bizybess for mentioning it in the first place. ;-)

nnewman

Wow that's cool. What's the name and where is it? I live just outside Denver but haven't heard of it. Thanks for sharing.

newbee

Here is the math that I did to figure out the profit: A 1/4 yard of fabric weighs 1.25 ounces or less. At 1.25 ounces, there are almost 13 quarter-yard cuts in a pound. They are buying a pound of fabric for $6, so each 1/4 yard costs them less than 50 cents ($6/13=46 cents per 1/4 yard). So they are paying less than $2 a yard ($0.46 x 4=$1.84) for material and selling it for $5 a yard. I think that is a pretty good profit margin and a great price for their customers. Whew!

newbee

An added note--the shop sells "JoAnne's" weight fabric for $1.99 a yard, not $5 a yard. They sell fat-quarters of JoAnne's-weight fabric for 50 cents each. I do not know what they pay for that weight fabric when customers bring in that kind of fabric in to sell. The shop also sells used quilt books, patterns, rulers, and other tools. One of the owners also does longarm quilting in the shop. I certainly plan on shopping there routinely.

Saluda88

Our local store just had a "Stash Bash" For one weekend, you could take any full yard lengths of unwanted fabric and turn it in for $1 coupons good on new fabric purchases. They then sold the fabric that was received from customers during this time for $2 a yard. The money made was all donated to Quilts of Valor. You didn't get a lot for your exchange, but the store made no profit from it (other than a customer increase) and it was an easy way to donate to a great program...

Favorite Fabrics

Gee... I'm not sure that I would want to swap four yards of my older stash fabric for one yard of somebody else's older stash fabric.

I think I'd be inclined to just try harder to think of a way to use it up.

But then... if I'd just inherited a bunch of fabric that I did not love, or became unable to sew, I might turn it in for the money.

Or maybe I'd just give it all to a group that sews for charity.

jaciqltznok

I wonder does she pay them one price for cash and a higher price if they take a store credit? Like our Hastings book store does?
It would be more worthwhile to the seller to take a store credit at say $3 yd...the store owner gets less profit at the end sale, but at the same time would get a larger better inventory!