MergerPlace

Great Family Sporting Good Consignment

Washington (King)


  • Asking Price: $99,000
  • Gross Income: $195,421
  • Cash Flow: $56,064
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $10,258
  • Listing ID: #205005
  • Established: 2013
  • Employees: 3 PT

Business Description

This is an opportunity to take over a turnkey business in one of the growing retail/resale segments, consignment sporting goods, clothing and accessories. With kids constantly growing it is a challenge for families to keep up. Offering a wide variety of new and gently used sports gear, this business provides customers quality service and selection at a considerable savings. The store has now entered its 5th year of business and is a destination for sporting families around Puget Sound. All consignment inventory is included; new inventory is negotiable.


Business Details

Primary Business Category: Retail Trade - Sporting Goods, Hobbies, Books
Location: Washington
County: King

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $195,421
Cash Flow: $56,064
FF&E: $10,258
Seller Financing Available: Yes

Property Information

Facilities:

The store is situated on the street level of a mixed use building. Located on a main retail street with lots of foot and vehicle traffic, there is on street parking in front of the store and within a half a block or so. The store is 1237 sq ft of retail space and 225 sq ft of storage/staging area. The well organized space displays the used clothing, gear and accessories as well as an inventory of new shoes, bikes and accessories for ease of shopping. There is a 3 year lease at $3033/month including triple nets and a 3% annual increase in rent.

Growth & expansion opportunities:

The 10% growth can be boosted with a strong emphasis in marketing, social media, expanding the online store and creating more business alliances with retail sporting goods stores shedding old stock.

Competition:

The nearest competition to the store is over eight miles away. The resale industry has consistently demonstrated strong growth on average 7% a year. The store has exceeded the national average with 10% increase in sales per year. According to Dunn & Bradstreet, resale sales generate $17 billion annual revenues. 15% of Americans shop at resale store each year compared to 11% at outlet malls, 20% in apparel stores and approximately 21% at major department stores.

Reason for selling:

Change in family situation.

Support & Training:

Will train for 2 weeks @ no cost. The store carries a range of major brands, sizes and styles. In addition to used items in great condition, the store has new popular shoes, accessories and electric bikes. Knowledge of retail operations, brands, pricing, basic computer and accounting skills, management and customer service would be advantageous in running this business.

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Business Listed By:

Claudia Smith

Murphy Business Brokers