Consignment Store, Established, Profitable
Clothing and Fashion - Clothing and Footwear Retailing | General Merchandise - Other General Merchandise
| Asking Price: | $75,000 | Inventory: | $10,000 ++ |
| Gross Revenue: | $242,094 | Real Estate: | n/a |
| Cash Flow: | $30,000 | FF&E: | $20,800 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This established, 19 year old business resells clothing (60%), accessories (20%), and home decor / furniture (20%), on consignment. With over 500 consignors bringing in merchandise to sell on a regular basis, the owner is able to take only the items she expects to be profitable and easily resold. This successful business does not require the owner to invest in any inventory, and is well run by the staff of employees. All items are checked in using a computer software program and labels are printed for the items to be hung or put on the shelf. The store offers a diverse selection of merchandise, appealing to different levels of clientele, and has proven to be a recession proof industry. This business has lots of room for growth in the current location, and could be expanded by an owner who is able to dedicate the time and effort to grow the business.
About the Business
Year Established:1991
Employees:7 full time -
Relocatable:Yes
Facilities:The current location, just south of Little Rock on a busy state highway, is 7200 square feet on a large two acre lot with plenty of parking. The building is approximately 30 years old and is in fair condition. It was remodeled three years ago - new roof, windows, and a new air conditioning unit.
Market Outlook and Competition:The current owner has not been able to invest the time needed to grow the business, the opportunities are plentiful for an owner who wants to invest more time. She suggests the following steps as areas for potential growth:
* creation of a website
* additional advertising
* install a new sign in front of business
* carry a select amount of store owned inventory
* rent out booth space
* potentially start a flea market on Saturdays
* utilize ebay to sell merchandise
About the Sale
Management Training and Support:owner will train
Reason For Selling:loss of family member involved in the business
Seller Financing:owner will partially owner finance
KEYWORDS: store retail consignment clothing little rock
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