Orlando artisan retailer The Monogram Merchant will expand into a newly-acquired property on Mills Avenue with four times the space of its leased property on Corrine Drive, after paying $540,000 on Jan. 4 for the former home of The Black Sheep knitting shop.
After leasing at 3131 Corrine Dr. for the past two years, Cynthia Brumback's monogramming business has outgrown that 500 square feet of space, thanks to steady growth in its Internet sales, which has required more room for stock and order fulfillment.
A long-time customer of The Black Sheep, Brumback heard from the owner in September that the parcel at 1322 N. Mills Ave. was being put up for sale. With 2,000 square feet combined between its storefront and a garage, the property would be an ideal leap forward for her business.
"The combination of now having a storefront and Internet business based in the back (garage) will be such a help, as we needed a lot of separate space for the Internet service," Brumback told GrowthSpotter on Tuesday. Her business' new home will be next door to Pig Floyd's Urban Barbacoa.
Built in 1930 originally as a home, the storefront on Mills Avenue will undergo roughly $40,000 in renovation work through February. Tip Top Roofing has been hired to re-roof the property. New electrical panels and repair for wood rot will also be carried out.
The Black Sheep relocated to Edgewater Drive and Fairbanks Avenue in College Park in late December.
Karick Price of Karick Price & Associates represented the buyer in the deal.