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An exciting opportunity to own a 30-year-old, successful designer consignment store. This store is in a great location, and high traffic area with very little overhead and supply cost. This is a proven, successful business model. There is a lot of repeat business with 13,000 consignors and 4000 subscribers to their newsletters, active Instagram and Facebook pages. Despite COVID-19 closures the business sustained the revenues and kept up with the growth.After 30 years of building this business into turn-key operations the owner is looking to retire. The current owner is willing to train the new owner(s). This Business is profitable and extremely well-priced to sell.Own this recession proof Business, become a proud owner and be part of the local community!
Asking Price
235,000
Annual Sales / Revenue
500,000
EBITDA
60,000

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Profitable Consignment Boutique
Type of Sale
:
Asset
Years in Business
:
29
Cashflow
:
105,000
EBITDA
:
60,000
Estimated ROI (Years)
:
2.0 - 2.5
Business Sector
:
Clothing/Fashion
No. of Employees (PT)
:
8
Square Footage
:
3,464
FF&E Value
:
60,000
Inventory Value
:
30,000

Business Key Points

Located in a great location, and high traffic area with very little overhead and supply cost.
Lots of repeat business with 13,000 consignors.

Property Documents

    Available on Request

Location

    Available after signed NDA

Property Description

An exciting opportunity to own a 30-year-old, successful designer consignment store. This store is in a great location, and high traffic area with very little overhead and supply cost. This is a proven, successful business model. There is a lot of repeat business with 13,000 consignors and 4000 subscribers to their newsletters, active Instagram and Facebook pages. Despite COVID-19 closures the business sustained the revenues and kept up with the growth.After 30 years of building this business into turn-key operations the owner is looking to retire. The current owner is willing to train the new owner(s). This Business is profitable and extremely well-priced to sell.Own this recession proof Business, become a proud owner and be part of the local community!

Facilities Overview

A 3,464 sq. ft. leased space with 4 dressing rooms, 2 bathrooms and storage.On site storage of 383 sq. ft. available if someone wants it. Business comes with 3 staff parking stalls and one loading zone.

Business Growth/Expansion

Online sales are a huge growth opportunity for a new Buyer.A separate clearance center can be opened for the overflow merchandise.The local growth opportunities in the surrounding area is going to bring in more foot traffic.

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