Furniture, Art, Antiques, Resale or Consignment- Scottsdale GOLD MINE
Business Description
Huge Potential open 20 hours week - Established 5+ years
Established furniture, art, and antiques resale business operating in prime Scottsdale location since 2020. This turnkey opportunity features a beautiful 4,790 SF corner suite in a high-traffic plaza with 28,600 vehicles daily, positioned next to major grocery anchor and complemented by Walgreens, restaurants, and specialty shops.
BUSINESS HIGHLIGHTS:
• Strong financial performance with $351,913 in 2024 revenue and $162,019 cash flow
• Includes $150,000 retail-valued inventory in asking price
• Below-market lease at $12/SF (50% below Scottsdale average of $23.54/SF)
• Lease is NNN the current price with CAM charges is: $6,583.64
• Landlord offering new 5-year lease to qualified buyer
• Established online presence with first-page Google ranking and 15K social media followers
• Currently operates only 20 hours weekly - significant expansion potential
LOCATION ADVANTAGES:
Prime corner suite with excellent visibility, abundant windows, and superior signage opportunities. The plaza benefits from diverse tenant mix creating consistent foot traffic, with Hospice White Dove Thrift Shop serving as complementary rather than competitive business.
GROWTH POTENTIAL:
Substantial opportunity to increase revenue by expanding operating hours from current 20 hours to standard 40-60 hours weekly. Alternative conversion possibilities include jewelry store or vendor booth concept. Revenue has grown from $173K to $352K over past four years despite limited hours.
FINANCIALS:
Cash sales of $183,913 demonstrate strong customer demand. Current staffing of 2 employees provides operational foundation. Additional 2,160 SF storage suite may be available for negotiation with landlord.
INCLUDED ASSETS:
• Complete fixtures and equipment ($15,000 value)
• Established website and social media platforms
• Up to $150,000 inventory at retail value
• Additional inventory available at discount
• 30+ days owner training and support
Nonprofit accounting is different. Gross revenue includes $88,000 (donated) inventory as revenue (income) and includes $80,000 income for product received from another nonprofit. Cash sales were $183,913 - $55,000 of salaries paid to staff (owner). ALSO there is $24,000 as an expense for additional storage which will be removed.
This represents an exceptional opportunity to acquire an established business in Scottsdale's desirable retail market with proven revenue streams, below-market rent, and substantial growth potential through expanded operations.
BUSINESS HIGHLIGHTS:
• Strong financial performance with $351,913 in 2024 revenue and $162,019 cash flow
• Includes $150,000 retail-valued inventory in asking price
• Below-market lease at $12/SF (50% below Scottsdale average of $23.54/SF)
• Lease is NNN the current price with CAM charges is: $6,583.64
• Landlord offering new 5-year lease to qualified buyer
• Established online presence with first-page Google ranking and 15K social media followers
• Currently operates only 20 hours weekly - significant expansion potential
LOCATION ADVANTAGES:
Prime corner suite with excellent visibility, abundant windows, and superior signage opportunities. The plaza benefits from diverse tenant mix creating consistent foot traffic, with Hospice White Dove Thrift Shop serving as complementary rather than competitive business.
GROWTH POTENTIAL:
Substantial opportunity to increase revenue by expanding operating hours from current 20 hours to standard 40-60 hours weekly. Alternative conversion possibilities include jewelry store or vendor booth concept. Revenue has grown from $173K to $352K over past four years despite limited hours.
FINANCIALS:
Cash sales of $183,913 demonstrate strong customer demand. Current staffing of 2 employees provides operational foundation. Additional 2,160 SF storage suite may be available for negotiation with landlord.
INCLUDED ASSETS:
• Complete fixtures and equipment ($15,000 value)
• Established website and social media platforms
• Up to $150,000 inventory at retail value
• Additional inventory available at discount
• 30+ days owner training and support
Nonprofit accounting is different. Gross revenue includes $88,000 (donated) inventory as revenue (income) and includes $80,000 income for product received from another nonprofit. Cash sales were $183,913 - $55,000 of salaries paid to staff (owner). ALSO there is $24,000 as an expense for additional storage which will be removed.
This represents an exceptional opportunity to acquire an established business in Scottsdale's desirable retail market with proven revenue streams, below-market rent, and substantial growth potential through expanded operations.
About the Business
- Years in Operation
- 5
- Employees
- 2
- Facilities & Assets
- Great signage, shelves, jewelry showcases and fixtures are included.
Landlord agreed to negotiate and offer a new 5 year lease for a new owner. - Website
- https://www.gotlegs.org
- Market Outlook / Competition
- There are 2 furniture consignment stores within 5 miles which might be considered competition, My Sister’s Attic and Turn Style Consignment. Not considered competition but Hospice of the Valley has the White Dove Thrift Shop in the same plaza - I would consider that as a draw other than competition. Our main competition would come from Scottsdale Air Park area where there are 5 higher end furniture consignment stores.
- Opportunities for Growth
- Great location for a Jewelry store or set it up for vendor booths.
Currently the business is open only 20 hours per week. Should be open 40-60 hours to realize a much sales higher potential.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,790
- Rent
- $4,790.00 per month
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- 30 days (longer if required)
- Financing Options
- No owner financing
Listing Info
- ID
- 2301058
- Listing Views
- 5932
Attached DocumentsAttachment Disclaimer
Local_Store_Aims_to_Help_Veterans_Through_Donated_Furniture_and_Decor_8x11.pdf
Business Location
Listing ID: 2301058 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. See our full Terms of Use. Learn how to avoid scams.
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