Fast Growing Consignment Shop For Sale

Business description

This quaint consignment shop was established in 2003; it is located in an historic part of town. It offers consigned small furniture, ladies’ clothes, household decor and gifts. The business has thousands of customers (60% local/repeat; 40% out of town) and about 780 consignors, 42% of which are currently active. The owner attributes her success to the high quality merchandise, great display arrangements and competitive pricing. Also, the inherent characteristics of a consignment store (no freight expenses, no inventory and 50/50 split w/consignors) have made this business almost immune to recession; in fact, it does well during economic down-turns. This sort of business is a great alternative to a retail operation, especially in this economy where people’s budgets continue to shrink. The seller has increased sales each year (15% annually since 2003). In 2008, the business has grown at a faster pace (25%), mostly due to the addition of another 1000 square feet.

Property information

Real Estate:

Lease

Location:

This consignment shop was established in 2003 and it is located in an historic part of town.

Other information

Competition / Market:

The business has no competition in the area. The owner attributes her success to the high quality merchandise, great display arrangements and competitive pricing. Also, the inherent characteristics of a consignment store (no freight expenses, no inventory and 50/50 split w/consignors) have made this business almost immune to recession; in fact, it does well during economic down-turns. This sort of business is a great alternative to a retail operation, especially in this economy where people’s budgets continue to shrink.

Support & training:

Seller will provide 2 weeks' support at NO cost.

Reasons for selling:

Relocation.

Trading hours:

10AM-6PM MON-SAT

Financing available:

Seller will finance a portion of it.

Furniture / Fixtures value:

$5,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)