Profitable Resale Shop
Business Description
PROFITABLE RESALE SHOP - Established Boutique and Collectibles Business
This thriving resale shop represents an exceptional opportunity in the sustainable retail market. Established in 2021, the business has quickly built a loyal customer base and achieved profitability with annual revenue of $303,041 and cash flow of $30,506.
BUSINESS OVERVIEW:
Specializing in resale merchandise, boutique items, and collectibles, this 8,000 square foot retail operation benefits from strong community support and regular donations. The business operates in downtown Lombard, IL, providing excellent visibility and accessibility with dedicated parking.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $303,041
- Seller's Discretionary Earnings: $30,506
- Substantial inventory valued at $100,000 (included in asking price)
- FF&E valued at $25,000
- Monthly lease: $4,978 for prime downtown location
KEY STRENGTHS:
- Prime downtown location with minimal local competition
- Established donor and customer network
- Trained staff ready for seamless transition
- Large retail space allowing diverse merchandise display
- Operating in the growing sustainable retail market
GROWTH POTENTIAL:
Significant expansion opportunities exist as the business currently operates only 30 hours weekly. Additional revenue streams could include extended hours, e-commerce platform, special events, or expanded merchandise categories.
LEASE TERMS:
Secure lease through February 28, 2027, providing stability for new ownership.
SUPPORT INCLUDED:
Comprehensive training and transition assistance covering daily operations, POS systems, inventory management, vendor relationships, and merchandising practices.
The owner is retiring after successfully establishing this profitable venture in the thriving resale market. This turnkey operation offers immediate income potential with substantial growth opportunities for an ambitious new owner.
This thriving resale shop represents an exceptional opportunity in the sustainable retail market. Established in 2021, the business has quickly built a loyal customer base and achieved profitability with annual revenue of $303,041 and cash flow of $30,506.
BUSINESS OVERVIEW:
Specializing in resale merchandise, boutique items, and collectibles, this 8,000 square foot retail operation benefits from strong community support and regular donations. The business operates in downtown Lombard, IL, providing excellent visibility and accessibility with dedicated parking.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $303,041
- Seller's Discretionary Earnings: $30,506
- Substantial inventory valued at $100,000 (included in asking price)
- FF&E valued at $25,000
- Monthly lease: $4,978 for prime downtown location
KEY STRENGTHS:
- Prime downtown location with minimal local competition
- Established donor and customer network
- Trained staff ready for seamless transition
- Large retail space allowing diverse merchandise display
- Operating in the growing sustainable retail market
GROWTH POTENTIAL:
Significant expansion opportunities exist as the business currently operates only 30 hours weekly. Additional revenue streams could include extended hours, e-commerce platform, special events, or expanded merchandise categories.
LEASE TERMS:
Secure lease through February 28, 2027, providing stability for new ownership.
SUPPORT INCLUDED:
Comprehensive training and transition assistance covering daily operations, POS systems, inventory management, vendor relationships, and merchandising practices.
The owner is retiring after successfully establishing this profitable venture in the thriving resale market. This turnkey operation offers immediate income potential with substantial growth opportunities for an ambitious new owner.
About the Business
- Years in Operation
- 5
- Employees
- 10 Part-time
- Facilities & Assets
- Huge 8,000 square foot resale shop and boutique. Shared private parking lot. Lots of foot traffic and community events bring in lots of business. Full store with lots of extra inventory ready for the sales floor. Lease is transferrable with credit check.
- Website
- https://purplemanateeresale.com
- Market Outlook / Competition
- Business is in a prime downtown location with lots of regular customers and donators. Very little competition in the immediate area.
- Opportunities for Growth
- Business is currently only open 30 hours a week. Multiple opportunities for growth from hours to ecommerce etc...
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 8,000
- Rent
- $4,978.00 per month
- Lease Expiration
- 2/28/2027
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Training and transition support for daily operations, pos system, inventory management, vendor relations and merchandising/pricing practices.
Listing Info
- ID
- 2510819
- Listing Views
- 23
Business Location
Listing ID: 2510819 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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