Charming Children's and Maternity Boutique

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Profitable, Turnkey Consignment Store in Great Location!
Asking Price:
$50,000

Gross Revenue:
$118,367
Cash Flow:
$38,118
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$450
included in asking price

FF&E:
$10,000
included in asking price

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Business Description

Step right in to a fun, profitable and established children’s and maternity consignment boutique. The store is in a wonderful location within a desirable shopping area and has excellent drive by and foot traffic. The boutique specializes in mid to high-end children’s clothing brands and is one of the few stores in Seattle offering quality maternity consignment making it a shopping destination for those in the surrounding area of King County. This green business is fun to run and good for the community and environment. The business comes turn-key with fixtures, computers and all other materials needed for success.

About the Business

Year Established:
2007
Number of Employees:
3 PT
Relocatable:
Yes
Real Estate:
Leased
Facilities:
The business has an attractive storefront space with excellent drive-by and foot traffic. There is excellent visible outdoor signage and awnings and nice in-store signage. Located in a popular shopping area with other boutiques, stores, restaurants and child-oriented professionals - the store has excellent visibility. The space has abundant natural light in the front and back and street visibility from two directions. A covered parking space in the back is currently included in the rent. There is approximately 500 square feet of space with a monthly rent of $1561 that includes water and sewage. There are no additional triple net or percentage of sales charges. The current lease expires 8/1/2022 with one 5 year option to renew.
Market Outlook/
Competition:
The store's location attracts mid to high-end clothing for consignment and because the store is centrally located, the better clothing pulls shoppers from a wide area. The closest competition for a children's clothing consignment or secondhand children's clothing store is 3.5 miles away and there is none in the neighborhood. Consignment stores tend to be recession-proof as they do great in good economic times because people love a bargain - they also do great in bad economic times when people need a bargain. The store sells maternity clothing which is unusual among used clothing stores. Recently voted “Best Maternity Store” by viewers of a local TV station.
Growth & Expansion:
There is great potential for growth by expanding social media advertising to extend the customer reach and fine tuning the maternity clothing selection with a few carefully chosen new items, improved native search and inexpensive paid search to increase sales. The store's point-of-sale program has the capability for the online selling of higher-end clothing. Increased emphasis on new baby gifts could increase business potential as there is little neighborhood competition and strong demand.
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About the Sale

Reason For Selling:
The owners are pursuing other personal interests.
Training/Support:
Will train for 2 weeks @ no cost.
Washington State and Seattle business license would be required. Any type of business, sales or retail experience would be helpful. The owner would need to be familiar with basic computer operations and knowledge of social media and promotion would be a plus. An engaged owner who worked in the store would do well.

Listing Info

ID:
1432472
Ad Detail Views:
538

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Business Listed by

Claudia Smith

Murphy Business & Financial Corporation

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U.S. Census Data for King County, WA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for King County, WA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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