Established Antiques Collectibles Shop In Austin Area For Sale

Business description

Quality of life is in store for the owner-operator in this beautiful community just outside Austin, Texas and it isn’t considered work when running the business is fun. This Collectibles Store has been in business since 1990 and developed a strong reputation and following in Central Texas. Humor and fun are the ingredients that make this store so unlike other collectibles stores and what has allowed this establishment to prosper for so long. This store is not just an antique store; it has merchandise to appeal to a wide variety of buyers….jewelry, coins, ball cards, primitives, memorabilia, furniture and unique gifts. Currently, the owner utilizes a portion of the store for sale of their own merchandise while the remainder is rented to vendors. There are currently more than twenty vendors who pay a monthly rental and a commission on their sales. Additional space is still available to grow the revenue with additional vendors or for the new owner to come in and occupy that space with their own merchandise. The store has been automated with laptops, printers and mall software. All accounting functions and paying vendors currently requires just 8-10 hours a month. Owner is retiring, but willing to work part-time and train during a transition.

Seller's Discretionary Earnings: $44,407 Actual

Property information

Real Estate:

Lease

Location:

6657SF facility in shopping center

Other information

Expansion potential:

Lease remaining vacant space for rental income and commission income

Reasons for selling:

Retirement

Trading hours:

7 days, Mon - Sat 10AM - 5:30PM; Sun 1PM - 5:30PM

Furniture / Fixtures value:

$27,523 (included in the asking price)

Inventory / Stock value:

$20,000 (included in the asking price)

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