Kids Clothing Resale Store For Sale

Business description

This Upscale Resale store is well established and has a large customer base. Part of a successful franchise of about 70 stores located nationwide. Store opened in May 2004 and is the first of the franchise to open in MA. Gently used merchandise is purchased mainly from customers who bring the merchandise into the store. They are paid cash immediately or are offered more in store credit (exchange). Located in a high profile location with more than 50,000 cars a day driving by.
Computer based POS, Purchasing and Inventory Control systems make the store into a technology leader in terms of Resale stores. Additional video monitoring system allows the owner to remotely (via the internet) keep tabs on store activities.
The customer based is made up of a wide economic demographic. The average household income for a 5 mile radius is $180,000 p.a. which translates to high quality merchandise being brought to the store to sell.
The store also sells new items which make about between 10 an 20% of Sales.
Internal Customer list is made up of over 10,000 names with an additional email list.
Marketing is done currently through Ads in parenting magazines, radio ads, direct mailings, monthly emails, relationships with mothers group organizations and daycares, and word of mouth. In 2008 additional marketing on local Cable TV is planned.

Property information

Real Estate:

Lease

Other information

Expansion potential:

Sales have risen from $210,000 in 2004 to $377,000 in 2005 and $427,000 in 2006 and $430,000 in 2007. There is a lot of scope to expand marketing to include further groups related to the Kids industry.

Competition / Market:

Great reputation for quality product and good customer service has differentiated this store from the competition. The two closest competitors have recently closed their doors.

Reasons for selling:

Runs absentee. Involved with other business interest