MergerPlace

Consignment, Vintage and Resale Shop

Illinois (DuPage)


  • Asking Price: $119,900
  • Gross Income: $301,429
  • Cash Flow: $24,355
  • Real Estate: Not Disclosed
  • Inventory: $31,285
  • FF&E: $40,055
  • Listing ID: #207058
  • Established: 2006
  • Employees: 2 FT / 5 PT

Business Description

This is a consignment/retail and gift shop. The shop contains designer and high-end gently used women's clothing, gently used women's accessories, new jewelry, gently used furniture and new gifts. The owner assesses the clothing and furniture and retains only those items with high consignment or resale value. Both clothing and furniture are presented in a high-end retail type setting. This boutique also carries both gowns and prom dresses.

The items are displayed in a well-lit 5,000 square foot boutique. The store is located 5 minutes from a large Chicago suburban shopping mall in an upper-middle class area with high disposable incomes.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Illinois
County: DuPage

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT / 5 PT

Financial Information

Asking Price: $119,900
Gross Revenue: $301,429
Cash Flow: $24,355
FF&E: $40,055
Inventory: $31,285
Seller Financing Available: No

Property Information

Facilities:

The facility is located in a local mall location just a short drive from a larger retail mall. The 5,000 square foot facility offers show space for clothing, furniture, accessories including handbags and shoes, a separate area for designer clothes and gift displays. Multiple dressing rooms are available.

Growth & expansion opportunities:

Potential for growth is high for an owner familiar with the retail sales of women's clothing and accessories. Potential new growth opportunities are present with participation in local and regional fashion shows, increase on-line sales and website presence targeting the 28 year-old to 65 year-old age groups. Increased exposure for the boutique can be also be achieved through an ongoing involvement in networking groups and women's professional business groups.

Competition:

This store has two main competitors in the local area. Neither competitor has the value level of inventory necessary to compete with this business. This store receives inventory from and caters to a woman seeking a higher value product at considerable savings.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 4 weeks @ no cost This is a high-end boutique. The inventory consists of expensive gently used clothing and accessories. Owner skills include the knowledge of the fashion industry, ability to assess the resale value of the inventory and the skill to show the inventory in a manner to best highlight features. The seller takes articles both for consignment and resale and will need to understand profit margins for both opportunities.

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Business Listed By:

Terry Flanagan

Murphy Business Brokers