Description of the business for sale
This is a very unique home accessories and gifts boutique located in an upscale and rapidly growing area of Collin County, Texas. The business was started in 1998 and in its present location for over six years. They have been experiencing annual growth averaging over 12.5% per year over the last three years and have continued that growth into 2008. 2008 YTD revenues thru April are up 11.0% with Net Income up 11.8%. They carry a wide selection of unique items with many exclusive brands. The store provides shoppers with a unique collection of products with unparalleled customer service. This store represents that very special opportunity that has the market demand, established name recognition, a loyal customer base, and a great location. They have over 9,000 customers in their database with over 4,100 repeat customers.
Competition: Some local competition but nobody that can match the product selection, name recognition, and customer service.
Growth and Expansion: Even in a down market the business is still growing with a 12.69% growth in 2007 and is again exceeding even that in 2008. The business has a Cost of Goods that is well over the industry average so a new owner has the opportunity to increase the Gross Profit even more immediately.
|
Support / Training provided by seller
Up to thirty days training and support.
|
|
Description of the facilities
The store is located on a major thoroughfare, in an upgraded shopping center, and right beside the center’s anchor store. The store is beautifully appointed, is in an excellent market and is uniquely positioned to flourish for many years to come.
|