MergerPlace

Established Kids Clothing Consignment

Iowa (Linn)


  • Asking Price: $75,000
  • Gross Income: $262,491
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $20,000
  • Listing ID: #207643
  • Established: 1993
  • Employees: 13 PT

Business Description

This business presents a great opportunity to own your own well-established consignment store with important repeat consignors for strong merchandise supply, established clientele and valuable community recognized brand name awareness and excellent reputation.

The business has offered an outstanding selection of high quality, brand name children's, newborn, and toddler clothing, children's shoes, toys, and maternity clothing for years.

In addition to established consigners and customers, everything is in place and operates capably through the effective coordination of many established parts. Through the years, a dedicated and skilled team and effective systems and process have been put in place.

Confidentiality nondisclosure agreement required.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Iowa
County: Linn

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 13 PT

Financial Information

Asking Price: $75,000
Gross Revenue: $262,491
FF&E: $20,000
Seller Financing Available: Yes

Property Information

Facilities:

The facility is ideal for a retail consignment boutique carrying children's clothing and related merchandise at high traffic, highly visible and accessible location. The building is well-maintained and familiar to consignors and customers. The site provides off-street parking.

Growth & expansion opportunities:

It has become quite chic to shop resale and all socioeconomic classes are participating. Kids' consignment shops are positioned to take sales from traditional retailers, increasing their value. "While many (retail) businesses close their doors every day, resale remains healthy and continues to be one of the fastest growing segments of retail." Source: 2016 NARTS: The Association of Resale Professionals.

Competition:

This industry comprises establishments primarily engaged in retailing used merchandise including children's and infants' clothing, kids' shoes, toys and maternity goods. A consignment shop accepts merchandise on a consignment basis, displays, markets and sells products paying the owners of the merchandise a percentage when and if the items are sold under agreements with the consignors. Shops essentially work on a commission if the goods sell. The majority of such shops pay the owners from 40 to 60% of the selling price, and have a policy of displaying goods anywhere from 30 to 90 days, although there are a wide range of policies across the country. Some consignment shops also purchase a variety of items outright from individual owners and/or wholesalers. "Resale is a multi-billion dollar a year industry. First Research estimates the resale industry in the U.S. to have annual revenues of approximately $17 billion” Source: 2016 NARTS: The Association of Resale Professionals.

Reason for selling:

Career change.

Support & Training:

Will train for 2 weeks @ no cost Seller will be available to train part-time after hours & on weekends for up to 2 weeks at no additional cost. Additional weeks may be negotiated with additional compensation to seller.

Contact Business Seller

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Business Listed By:

Brian Brown

Murphy Business Brokers