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Designer Consignment Boutique in Newport Beach; Busy, Upscale Store in Affluent Area
| Asking Price: | $75,000 | Inventory: | $12,000 ** |
| Gross Revenue: | $221,755 (comments below) | Real Estate: | n/a |
| Cash Flow: | $41,124 (comments below) | FF&E: | $8,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: gross = income before expenses | |||
| Cash Flow Comments: cash flow = spendable income after expenses | |||
Read the recent LA Times Lifestyle Article to see what's happening in the booming 'gently-used' market. This Store has regular consigners who wish to sell their high-end fashion clothing & accessories. After an item is sold then the consigner paid. If the consignment items don't sell, there is nothing owed. The Owner of the store states that when economic times are down, more people wish to consign their expensive fashion items and conversely, people who can t afford new designer items still wish to purchase them from the. The Store earns between 50% to 60% of the price of items sold. This well-known Store has been established at this location for 11 years. The Present Owner purchased the Store two years ago but she finds that she can't put the time necessary into the Store to maximize its profit because of family obligations. The financial information provided is based upon the New Owner working up to 40 hours per week. Some advantages of the store are: (1) No financial outlay for most of the products (the Owner does purchase some hot-selling new accessory items at wholesale prices). (2) Since the Store is so well-known and in such a good location they have a constant influx of new products and customers. (3) And, because they have a steady stream of items, they have the luxury of choosing only the most quality items to sell. 4) If an item is not sold within 60 days, and the consignor does not pick it up, then ownership of the item shifts to the Store. If the item is sold at this point, the Store receives 100% of the profit. Or the item may be sold on EBay, given to charity, or disposed of in some other way. 5) The shopping center mall is a bustling and busy place which includes a Starbuck's. We invite you to visit us on our web page at: www.silverbridge.us
About the Business
Year Established:1998
Employees:1 part time
Facilities:The monthly lease is $5,300 and a 2-year lease is available.
Market Outlook and Competition:Excellent opportunities for expansion. Since the products sold are upscale gently used designer clothing and accessories, it is difficult for regular clothing stores or designer shops to compete with the quality and the price of the items sold in this store. In today's market, this is especially true.
About the Sale
Management Training and Support:The Owner will provide 30-day training and will consult upon the completion of training.
Reason For Selling:The Owner wishes to spend more time with her children and family.
KEYWORDS: fashion, designer, clothes, consignment, retail, store, shop, clothes shop, consignment store, designer store, Newport Beach, Orange County, OC, the OC, Beach area,
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Industry: Clothing and Fashion
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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