Excellent opportunity to take over a successful gift shop that features wedding and event stationery and invitations. The company operates in an updated retail storefront located in a prestigious high-traffic area. The current owner has recently made a substantial investment in inventory that is included with sale ($60k wholesale value). This business has established a great reputation, stable sales, and is poised for growth. $57k+ cash flow in 2011!
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Property Features and Assets:
The business is located in a prestigious neighborhood of northwest Austin in a street-facing retail space:
•Shares retail center with highly trafficked cafes and restaurants.
•Across the street from large grocer.
•Area household incomes = $100k+.
The owner moved into this location in 2008, therefore it has been recently furnished and updated. The space is well appointed with shop and office supplies including up-to-date computer systems.
Market Competition and Expansion:
The business has responded to the threat of online retailers by offering personalized one-on-one service in an intimate boutique setting – a particularly desired approach among its bridal clientele.
The business has been featured in several publications such as Southern Living, Southern Weddings, Houston Weddings, and Washington DC Bride. In addition, its custom design work has been credited in online blogs such as Style Me Pretty and Once Wed. The combination of exposure in the media and its satisfied customer base has created a powerful referral engine; word-of-mouth marketing accounts for most of its new referrals.
Reason for Selling:
Owner wishes to stay home with young children.
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.