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Ideal Location Boutique at Adriatica - Street Traffic Counts 27,000+

Mckinney, TX (Collin County)

Seller Financing Available
Ideal Location Boutique at Adriatica - Street Traffic Counts 27,000+

Asking Price:$75,000

Cash Flow:$31,468

Gross Revenue:$92,305

EBITDA:$31,468

FF&E:$29,000

Inventory:$15,000*

Lease Rate:$1,461.67 /SF/Month

Established:2013

*not included in asking price.

Ideal Location Boutique at Adriatica - Street Traffic Counts 27,000+

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Business Description

Highly Sought After Shopping Center - No Need to Advertise

The enchanting nature of Adriatica Village lures many an individual to its unique area. Woven throughout this spectacular community are a wonderful balance of lifestyle and a sense of pride in community. Adriatica was modeled after the romantic “Eastern Adriatic” paradise of East Europe. Cobblestone streets, Old World Architecture, the Bell Tower near the waterside Bella Donna Chapel are all attractions here, which transcend one back to a far off land. Homes, villas, condominiums, apartment homes, assisted living residences (coming soon), retail, commercial, office, and restaurants generate a steady flow of residents and visitors to this area. Adriatica has great walkability.

This thoughtfully planned development is situated on the corner of two heavily traveled roads. In 2015, traffic counts passing the highly visible storefront registered over 27,000 vehicles. Also, its close proximity to major thoroughfares, the historic Downtown McKinney, Downtown Dallas, and major airports make this area a choice destination.

Upon entering this boutique, one is drawn inside; as this charming, yet quaint space is well decorated and tastefully store housed with trendy, affordable clothes and accessories. This company aims to be unique by selling no more than 10 items of the same piece. The collections chosen for sale entice many generation of buyer. The staff is friendly and most willing to assist buyers with assembling outfits from head to toe. Also, searching the store for the perfect find is made enjoyable at every turn. The Owner attributes the ease of ownership to the highly coveted area (with plenty of draw for customer base), friendly shoppers, passion of apparel, and ease of landlord/tenant relationship.

Contact Scot A. Jones Office PH: 214.495.9200 or email Jones@JonesCorporate.com for financial statements and additional information on this company.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
877
Lease Expiration:
6/1/2029
Employees:
Owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Inventory will be sold at cost to the Buyer, in addition to the sales price of $75,000. The approximate value of current inventory is (at cost) $15,000. Prior to closing, Seller and Buyer will complete an exhaustive inventory count and will agree upon current value for sale of items.
Growth & Expansion:
TEXAS - Rated #2 for its housing of Fortune 500 companies, edging out California. Texas continues to see an influx of businesses relocating to the state. The Dallas-Fort Worth Metroplex is especially successful in luring large companies to the region. Already home to corporate giants such as AT&T, Frito Lay, and Pizza Hut, Dallas will be the new headquarters for Liberty Mutual Insurance, Fannie Mae, and Toyota. This business friendly/people friendly region is exploding with many competitive advantages creating a growth-oriented environment for businesses.
Financing:
Negotiable
Support & Training:
Owner to provide training to purchaser to secure a proper and complete transition; training to be detailed on the Purchase Agreement.
Reason for Selling:
Empty Nester wants to travel to see children and with husband's work destination

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Scot A. Jones

Business Listed By:
Scot A. Jones

The Jones Group

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