Office ID: #001005
Well-established children's resale shop in a prime location is available for acquisition. This business was originally established by the current owner in 2009. The local kids' resale shop occupies in a 5,600 SF space of big box retail with a well mix of tenants providing a variety of products and services, which attracts enormous traffic to this retail shopping center. Various kids' products are available for purchase at this business ranging from pre-owned children's clothes, baby gear, toys, footwear, baby & kid furniture, sports equipment & used school uniforms to any other miscellaneous merchandise used by children and parents. This business has built its substantial customer base accumulated in the last 11 years of operation, by providing quality children's products at an affordable price to the parents in this community as well as buying back for the items outgrown by their kids. A majority portion of customers is female who wants to purchase quality kids' products for their children at an affordable price or wants to sell the items that their kids are no longer using. Few competitors are within the market area, but this business has differentiated itself from the competition by streamlining the buying process for pre-owned items and expanding to an extensive range of selection of pre-owned items than the competitors. Gross sales of this children's resale store have been consistent for the last several years running at around $930K to 965K per year by providing quality products at affordable prices and personalized services. Currently, some marketing is in place through texting, emailing, social media outlets, and Ad pages such as Facebook, Instagram, Google Maps, Yelp, and its website. Still, more proactive marketing is required for this business to grow sales and acquire new customers continuously that is increasing online presence and expanding new product lines or higher value pre-owned items, etc. This well-established children's resale shop is ready for a potential buyer who can be actively involved in the business operation while marketing to grow the business to maximum income capacity.
The business is occupied in a 5,600 SF space of a retail strip center located in a prime location surrounded by retail areas and densely populated residential neighborhoods. There are items newly purchased including the cashier counters, kids play area, 50% of the racks, storage shelves in the stock room, refrigerator, and new scanners due to relocation in 2019. Computers, printers, and other technology are 6 years old or newer.
Some marketing is in place through social media outlets and web site, but other proactive marketing methods need to be utilized to generate more revenue.
There are few franchise competitors within the market area, but this business offers many quality kids' products through a faster and streamlined purchasing process than other competitors.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.