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Mckinney Square Home Furnishings & Decor Store
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $168216
Net Profit / Cash Flow $37000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2003
Number of Employees 1 - 3
Inventory 55000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training to ensure a seamless transition.
Reason for Sale Retirement.
Description Ask any regular buyer of home furnishings and decor where they prefer to shop for deals and have fun at the same time, and it is amazing how many will say McKinney's Downtown Square Historic Shopping District. One visit to this unique area and one will be taken back in time to a day where time with family and good friends was paramount. This area has it all for a full day of shopping; restaurants, pubs, coffee houses, home decor, jewelry and the list goes on...This particular store specializes in the area(s) of home decor and gifts, along with a famously busy line of jewelry. Loyalty to the store runs very high and the business does not need advertising, as the area itself drives in the business. The current owner is running the store semi-absentee, so the cash flow is somewhat adjustable depending on how many hours of payroll are needed by the purchaser. This owner was already retired before taking on ownership of the store and she feels that she is really ready for full retirement now with her retired husband and is currently looking for a younger buyer with energy to grow with the business.
COMPETITION: Stores located in this McKinney historic district are in a rare situation. Groups travel by bus and other means to this area for shopping and a fun day out with family and friends. The area has recently been approved by the State of Texas as an official historic Texas site. Visitors are treated to an amazing experience as they view the newly refurbished courthouse and other historic monuments. In addition to the newly appointed ''Texas Historic Site'', the area is experiencing growth from the excitement of the courthouse becoming a performance arts hall, which will pull people into this area from neighboring suburbs and far into Dallas.
Email or contact Scot Jones at 214.495.9200 or toll-free 1.888.808.5071 for the Financial Data, Business Summary, Picture of Business, Location's Demographic Data, Site Map and Satellite Site Map of the Location.
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