Since 1991, Fine Ladies and Men's Consignment Store

Asking Price$350,000

Cash Flow
$200,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$800,000

Inventory$5,000
Included in asking price
FF&E$100,000
Included in asking price
Designer Clothing
Ladies Purses and Shoes next door
Victoria's Closet Store Front
Vic's, The Men's Store Front
Vic's, Men's Store Front counter
Ladies Front Counter
Designer Clothing
Ladies Purses and Shoes next door
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Since 1991, Fine Ladies and Men's Consignment Store


Asking Price$350,000

Cash Flow
$200,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$800,000

Inventory$5,000
Included in asking price
FF&E$100,000
Included in asking price
Business Description
Since 1991
The Largest Selection of
Fine Consignment in the Southeast. Our Ladies Store features Boutique Clothing, Estate Jewelry and Furs. We also have Every Day Wear and New Overstock Items with Original Tags still on. This opportunity is perfect for a fashionista, business-minded couple, family or mother-daughter team with a passion for fashion. Sales and/or marketing experience is desirable but not required.

With almost 7500 Sq. Ft. of floor space there are Fashions for Everyone.

The Ladies store, Victoria's Closet, carries everyday wear including blouses, slacks, dresses, etc. Styles include Polo, Eileen Fisher, St John and Old Navy.

Victoria's Shoes and Purses carries all styles from casual, hiking, sandals, tennis shoes to dress shoes such as Prada, Christian Louboutin, Donald Plinar, Ferragamo, etc.

Victoria's Closet Men's Store, called Vic's, is a stand alone store in a 2000 sq ft. Log Cabin built in 1930. We have everyday wear from shirts and slacks, blue jeans and shoes. We also carry a large selection of Jackets and Suits including Tuxedos.

When you add it up we are Top 5 Destination to the Cashiers area.
About the Business
Years in Operation
34
Employees
10
Facilities & Assets
Victoria's Closet and Vic’s For Men.
Including, All personal Property and Existing Consignment Contracts.
All Inventory, Furniture and Fixtures associated with said business.

Seller agrees sell to Buyer:
All Business records, Bank Statements, Receipts, Client Lists
All Inventory, Furniture and Fixtures associated with said business.
The only Inventory that we purchase for re-sale are Sunglasses and Hats.

See This:

https://vid-cdn.hibuwebsites.com/061048f86d5d40c7b25c657eef3cedd6/videos/nFskeMhQoatgiv79TL8o_vc-mens-apparel-fxrnb8zma-8284211681-v.mp4
Website
http://www.victoriasclosetnc.com/
Market Outlook / Competition
We live in a unique area and their is little to no competition. When thinking consignment, Think Quality Re-Purposed Garments and New Never Worn garments. The Market Tariffs make Consignment shopping more practical than Retail. We have 9500+ consignors, not all active, but a steady flow of New Inventory to supply the stores.

See this Report from ThredUp on the Re-Sale Industry and trends: https://www.thredup.com/resale/2024
Opportunities for Growth
See This Video:

https://vid-cdn.hibuwebsites.com/061048f86d5d40c7b25c657eef3cedd6/videos/nFskeMhQoatgiv79TL8o_vc-mens-apparel-fxrnb8zma-8284211681-v.mp4
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
7,500
Rent
$4,200.00 per month
About the Sale
Seller Motivation
Since 2006 we have operated the stores and we want to retire!
Transition Support
Seller agrees to assist buyer in transition and will consult as needed for a daily/weekly/monthly fee.
Seller agrees:
Will not contact any consignors for the purpose of operating a consignment store.
Will not cause harm to the Buyer to operate the existing business being purchased.
Financing Options
TBD
Listing Info
ID
2270775
Listing Views
1010
Attached DocumentsAttachment Disclaimer

CIM_Intro_Questions.docx

Answers_to_CIM.docx

P_L_Prev_Year_Comparison_2021_through_2024.xlsx

Business Location

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Business Listed by: Larry Rogan, Treasurer and Owner

Listing ID: 2270775 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.