Turn Key Style Encore For Sale Only $50,000 Including Inventory!

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Asking Price:
$50,000

Gross Revenue:
$128,582
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$67,632
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Style Encore Sagamore Hills, OH is an opportunity buy- great price and loads of potential. This is a turn-key store in need of an active owner. The total investment for a new Style Encore location is approximately $350,000, this business is ready to go for a fraction of the cost! The average unit volume for Style Encore in 2018 was $734,044 and the average sales for the top quartile were $1,085,446 in 2018. This is an excellent opportunity for the right individual!

Why do customers continue to make our Style Encore brand a success?

Our cash on the spot philosophy versus the consignment competition that pays when your items sell

Our 50% to 90% savings on the latest trends and styles

Our eclectic, constantly changing inventory of premier brands from Gucci® and Louis Vuitton® to Ann Taylor® and Loft®

Our wide array of different styles for women of nearly any age

Our personalized, boutique-inspired customer service

Our approach that caters to casual shoppers and refined fashionistas

The ability for customers to both buy from us and sell to us

Style Encore is the newest member of Winmark® family of high-quality retail-resale brands. Designed as the big sister to Plato’s Closet®, Style Encore provides gently used apparel, shoes and accessories for women in their late twenties and up. From beautiful, trending casual wear to sharp, stylish business apparel, Style Encore offers premier brands like Gucci® and Louis Vuitton® at a remarkable discount, as well as the latest styles from value brands like Old Navy® and White House Black Market®, allowing customers to craft their own unique style for a price they can actually afford.

About the Business

Location:
Sagamore Hills, Ohio
Year Established:
2018
Number of Employees:
7
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,035
Rent:
$3,300.00 Per Month
Facilities:
Great parking, Landlord is aware of resale plan so open to lease negotiation
Website:
style-encoresagamorehills.com/
Market Outlook/
Competition:
Pro: Same strip center as Plato’s Closet and Once Upon A Child
Con: More advertising to generate more brand awareness
Growth & Expansion:
In order to increase the profits of this location the owner will need to be actively involved in the business, spend more time/money on marketing and dedicate time to community involvment and outreach.
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About the Sale

Reason For Selling:
Has another profession and no time to dedicate to the operations.
Training/Support:
Training required and provided by franchisor upon transfer. Additional ongoing support includes marketing and advertising, merchandising, inventory and financial management. Ongoing educational and support opportunities through field staff, conferences, trade shows and more.

Listing Info

ID:
1647473
Ad Detail Views:
0

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Business Listed by

Cat Eckstaedt

Winmark Corporation
License# 1

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