Home Decor & Interior Gift Store

Plano, TX (Collin County)

Home Decor & Interior Gift Store
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Asking Price: $1,262,000

Cash Flow: $184,560

Gross Revenue: $623,958

EBITDA: $109,560

FF&E: $31,320

Inventory: $102,665*

Real Estate: $995,000

Established: 2009

*not included in asking price.

Home Decor & Interior Gift Store

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Business Description

Down Town Plano Retail

We are pleased to offer you this unique opportunity to own a well established, popular, and profitable specialty home furnishing and gift retail business. Approximately 70% of its revenues are from retail sales and about 30% are derived from design services. One of the principal owners provides the interior design expertise and services through the store. Her unique focus is mixing her love of the rare with the ordinary, and the old with the new in order to create a client’s unique style. Another co-owner, also known for his outstanding work at the Dallas Arboretum, contributes his floral design expertise and creates floral arrangements that are unique and natural with free flowing lines. The third co-owner rounds out the list of co-owners and helps with her support as an owner/operator.

This business fashions itself as being "flashy ornamentation" and suggests what the establishment offers in its items for sale - high design for home and for life! They pride themselves in offering the finest lighting, home furnishings & decor and gifts, along with design services. The business benefits from being centrally located in a historic district with strong foot traffic. Several years ago, the state deemed this PID district as an “Arts District” and with it has continued to experience huge growth development with multi-million dollar large projects. The latest is just being completed at over $25 million, and is located adjacent to the property. This is one of many such ventures and is another reason that this district is in such high demand, with continued projected growth.

This business enjoys an ideal location, next to a pedestrian easement on the main street of historic downtown Plano. It is in the heart of a high density walking district that is occupied with quaint retail shops, restaurants, and other specialty stores. The owners are passionate about unique retail concepts and are committed to help ensure the success of the buyer by committing to training and transitional support. They are amenable to staying onboard for a period after closing at a rate to be negotiated.

Detailed Information

Location:
Plano, TX
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,400
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business operates out of a highly visible, beautifully restored, and historically significant Art Deco building offering 2,400 square foot of retail and work space. In addition, there is an attached 525 square foot contained courtyard that is adjacent to the public pedestrian walkway. This building is located in the historic business district of downtown Plano, Texas. The sellers have meticulously remodeled the space a few years ago, including gutting the entire building, replacing the roof, plumbing, electrical, HVAC, fire sprinkler system, windows, and completing all new finish out on the interiors. At that time, the entire exterior was restored to the original Art Deco Design, including new custom freeze guard tile. Additionally, the architecture offers aluminum awnings, a stainless steel parapet and neon lights that wrap the entire building. All of the code requirements are met which uniquely qualifies this structure to be deemed historically contributing, both by the city and county, to the Historic district of Plano and Collin County. This honor enjoys a perpetual 50% property tax credit eligibility
Competition:
We believe that true competitors to this concept are limited in numbers due to its unique selection of home decor, interior, and floral design offerings. Its profits are protected by a carefully managed select, exclusive product selection focus and through special stocking dealer pricing.
Growth & Expansion:
We believe this business could leverage several growth opportunities such as the addition of eCommerce its website and the potential addition of an online presence on Amamzon.com, designkollective.com and potentially Ebay.com.
Reason for Selling:
Owners are retiring
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(from currently available funds)
 
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Douglas Batts

Business Listed By:
Douglas Batts

Murphy Business & Financial Services

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