Wednesday, July 23, 2014

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Austin

Toy Joy sold at auction to local business owner

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One of Austin’s most famous toy stores is changing hands.

Toy Joy was sold at auction to Fred Schmidt, owner of downtown retail shop Wild About Music, on Monday.

The store sold for $102,000, not including the real estate which is leased by the store’s former owners.

The bidding took place among the toys, right on the main floor of the store’s West Second Street location.

Schmidt said he loves the location and plans to keep the toy store downtown.

"We're going to continue with this business as it has been—only make it more successful than it has enjoyed in recent years,” he said. “We're very committed to Toy Joy, its concept, its premise and what it has been in Austin for several decades now."

Schmidt said buying the store is a way to help Austin keep its unique character.

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