Modefa

4.8★★★★★(290 reviews)

1110 E Collins Blvd Ste 112, Richardson, TX 75081

Richardson, Texas, United States

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Business facts

Estimated annual revenue~$400.4K
Estimated employees~5
Annual payroll (2020)~$41.3K
In business since2011
Based on reported payroll data

Area statistics (75081)

Population36,493
Median household income$88,161
Source: US Census ACS

About

Modefa is a family-owned small business specializing in Islamic and Turkish imports, including hijabs, prayer rugs, and Islamic home decor. Since opening their online shop in 2012, they have expanded their product offerings and are now a top seller in the USA for Islamic prayer rugs, Turkish Islamic decor, and Turkish hijabs. Customers can shop online or visit their showroom in Richardson, Texas by appointment. Modefa's goal is to provide quality, affordable Islamic products to Muslims in the United States and around the world.

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Credit Cards
Debit Card, Discover, Mastercard, NFC, PayPal, Visa, Yes
🍽️
Dining Options
Delivery
ℹ️
Diversity Management
Woman Led
🅿️
Parking
Parking Lot
Wheelchair Accessible
Parking, Yes
Categories: Religious Goods Store, Importer, Internet Shop, Fashion Accessories Store, Rug Store, Women's clothing.
ISIC Codes: 4753, 4771, 4773, 4791, 5229.

Market analysis

Earning below its category median in a growing category (Religious Goods Store).

EstimateCategory trend: 2021, +19.0%

Revenue trend (modeled)

~$242.2K2019
~$252.2K2020
~$325.0K2021
~$360.1K2022
~$380.5K2023
~$400.4K2024
Modeled from category averages for the region+10.6%/yr since 201980% confidence band: ±68%

Property

Lot size3.65 acres
CountyDallas
Parcel ownerRICHARDSON TECHNOLOGY PPTIES I LP
ObservedPublic assessor / cadastre record

Federal support (SBA)

EIDL disaster loan (2020)$150.0K
PPP loan (2020)$8.6K · 3 jobs reported · implies ~$41.3K annual payroll · $8.7K forgiven
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Religious Goods Store in Texas375~$290.1M~$777.6K~$542.8K4.7★0.7×
Category revenue trend2021: +19.0%2020: +3.9%2019: +7.5%Modeled from business-level estimates
Chain pressure456 chains expanding in this category, led by Dollar Tree, Dollar General, Quick-Tag (+15,722 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)401~$1.7B~$4.3M~$1.4M3,623~$414.8M0.3×
Wholesale and retail trade; repair of motor vehicles and motorcycles105~$680.5M~$6.5M947
Transportation and storage9~$31.5M~$3.5M45

1 km area (all businesses): median from the 316 of 401 businesses with estimates

Estimate

Area conditions (75081)

Population36,493 ±1,739
Median household income$88,161 ±$4,224
Median home value$323,700
Bachelor's degree or higher0.4%
Unemployment rate0.0%
Source: US Census ACS
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