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Long-Established, Thriving & Fun Historic McKinney Downtown Boutique

Mckinney, TX (Collin County)

Seller Financing Available
Long-Established, Thriving & Fun Historic McKinney Downtown Boutique

Asking Price:$170,000

Cash Flow:$81,960

Gross Revenue:$334,229

EBITDA:$81,960

FF&E:$70,000

Inventory:$40,000

Lease Rate:$2,400 /SF/Month

Established:2010

Long-Established, Thriving & Fun Historic McKinney Downtown Boutique

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Business Description

Captivating boutique located in the heart of the charming McKinney Square. This is one of those favorite stores, which everyone is always visiting, and is truly one of the gems of the square. It has become famous for its amazing ability to cater to the entire generational range of buyers. Constantly heard within the store are phrases indicating, that the mix of the product lines are alluring to buyers and the choice products are extremely popular. This seven-year established boutique is a rare find and to locate a company on the McKinney Square is a feat.

This McKinney Square dynamic shopping destination has placed McKinney on the map and continues to be Collin County's favorite destination for generations. This thriving historic downtown is home to over 120 fun and unique shops catering to restaurants, furniture stores, gift and home décor stores, apparel boutiques, art galleries, winery, hotel, bed & breakfasts, and professional business offices located above the hustle and bustle. This vibrant square is outfitted for a shopper’s pleasure. Live entertainment, festivals, and nightlife events bring the square to life all week long. The motto is, “Shop, Dine, Enjoy” and is true to its visitors.

For many years this city has been touted as the #1 place to live and rear a family in America. It is one of the most rapidly growing areas. Several Fortune 500 companies have moved here and others have made plans to open their headquarters here soon. The population growth is trending in an aggressive upward growth pattern. This is quite the business friendly and family friendly area. The results speak for themselves!

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

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
2/1/2024
Employees:
2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
There are 29 brands exclusive to this boutique, most very coveted among buyers. In addition, the hair and nail services salon has a wide variety of products and services offered to valued customers.
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:
Owner Health

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Scot A. Jones

Business Listed By:
Scot A. Jones

The Jones Group

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