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- RE: Resale/Consignment Store Has What Shoppers Want
- Contact: Mark Purtee
Quick Facts
Asking Price: | $135,000 | |
Annual Revenue: | $209,936 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $65,608 | |
Total Debt: | Not Disclosed | |
FF&E: | $19,024 | |
Real Estate: | Not Disclosed | |
Year Established: | 1975 | |
Employees: | 3 | |
BBN Listing #: | 953120 | |
Broker Reference #: | 1054-18522 |
Business Overview:
Do you consider yourself a smart shopper? In this business you select the right clothes, the right shoes, the perfect purse and accessories...that everyone will want. This resale/consignment store is selective on what merchandise to accept for the store. This is a great business model; the owner pays nothing for inventory and simply takes their margin when the product sells. Because of the respectful reputation of this store, which has been in this location for decades, an abundance of loyal customers supply a steady stream of product. In retail the location is key, this is located in a prime area for retail stores and an average of over 41,000 cars drive by daily according to FDOT. As the Wall St Journal recently stated, "thrifting is in vogue, and everybody's looking for a good deal these days". This business provides good deals.
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Property Features and Assets:
The Boutique is well located in a large strip shopping center with anther 22 retail businesses. The FDOT traffic count is an average of 41,000 cars drive by per day. This is a premium location for retail. The Boutique is in a comfortable 2,700 square feet with large windows. The Boutique has good signage.
Assets = $35,639
Market Competition and Expansion:
There is ample competition nearby, this is a prime area for retail and that draws customers to the location. This store has been in business for more than 20 years at this location, so it has a loyal following. Every year the store wins awards as one of the Best Antique/Consignment & Resale stores in the entire county.
The Wall St Journal recently stated, "secondhand apparel retail is a booming business...". This store has turned a profit every year for decades. But the owner admittedly is not utilizing any current marketing strategies, such as social media, although the store has great online reviews. So this is a great starting point for someone to grow the business by simply spreading the word about the good deals available at this store.
Reason for Selling:
After more than 20 years of running the store, time to take a break.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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