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Listing ID: 2916854

Seppanen & Daughters Fine Textiles in Madrid; Real Property Included. For Sale

New Mexico, Santa Fe, New Mexico, United States

$ 725,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: $ 368,699

Cash Flow: $ 189,291

Business Description

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.

Property Details

Years Established:

1998

Property Type:

Real

FF&E:

$28,161

Inventory Value:

$60,000

Real Estate Value:

$350,000

Other Details

Operation Details

Employees:

0

Trading Hours:

Mon - Sat. 10:30 am - 5 pm

Miscellaneous

Reason For Selling:

Seller will pursue other, non-competing interest.

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