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Asking Price$725,000
Revenue$390,975 Established1998
Cash Flow$189,266 Employees0 full-time
FF&E$54,000* FranchiseNo
Inventory$60,000* RelocatableNo
Real Estate$350,000* Home-basedNo
* Included in Asking Price
Since 1998, Seppanen & Daughters FINE TEXTILES' showroom has been a destination for Zapotec Textiles from Oaxaca, Tibetan rugs and wall-hangings from the Himalayas, Navajo weavings from the Southwest, carpets from the semi-nomadic tribes of Morocco, and Kente cloths and throw pillows from Western Africa. With an 18-year long dedication to these traditional textile cultures comes quality, authenticity and exclusivity. In addition to $60,000-worth of inventory valued at wholesale, new owners will inherit a quality selection of consignment stock. If not available in the showroom, a direct relationship with the Himalayan workshop allows FINE TEXTILES to customize its Tibetan pieces to suit individual taste and preferences.
Customers rely upon FINE TEXTILES to create their environments.  It is a tribute to the success of this business that loyal, repeat customers represent 70% of annual sales; out-of-state customers make annual or more frequent trips to the showroom, often calling ahead to set appointments; and that its international network of suppliers often reserve their best offerings for this showroom. This brand is recognized beyond the Southwest. Fodor Travel, Lonely Planet, and Su Casa Magazine among other online and print publications have featured FINE TEXTILES in their pages. In addition to the website, its Instagram feed (instagram.com/finetextiles/) has developed a strong following.

This is an exceptional business enhanced by real property valued at $350,000. The 0.174-acre lot upon which the 864 SF showroom sits and the neighboring 0.198-acre parcel are included in the $725,000 price. Both lots enjoy direct, level frontage on the Turquoise Trail, the scenic byway that winds through the Ortiz Mountains to connect Albuquerque and Santa Fe. A favored route for visitors to the area, the steady flow of traffic has transformed the former mining town into a bustling, intimate alternative to the higher-priced shopping available elsewhere. Madrid offers over 40 galleries, antique stores, cafes, restaurants, a museum, spa and theater. Numerous events are hosted throughout the year. During the day, the town fills up with visitors strolling the streets. The emerging nightlife is now beginning to keep them after dark.
Competition:FINE TEXTILES has a selection and quality that puts it in an elite class of textile purveyors. Only a handful of showrooms around the United States can be considered competitors and most of these are based in major metropolitan centers. FINE TEXTILES is able to pass along its comparatively low overhead to customers, providing fair price points and allowing the business to maintain its dedication to quality.
Growth Potential:FINE TEXTILES has a selection and quality that puts it in an elite class of textile purveyors. Only a handful of showrooms around the United States can be considered competitors and most of these are based in major metropolitan centers. Seppanen is able to pass along its comparatively low overhead to customers, providing fair price points and allowing the business to maintain its dedication to quality.
Training/Support:This is a unique opportunity for those with a passion for the textile arts. Training and support will be provided during the transition phase; ongoing consultation or in-store assistance can be discussed.
Sale Reason:Seller will pursue other, non-competing interest.
Ad #87818
Seller Reference #SANTAFE001-N148
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Michael Greene
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