MergerPlace

Children's Clothing Consignment Store

Washington (King)


  • Asking Price: $75,000
  • Gross Income: $118,367
  • Cash Flow: $38,118
  • Real Estate: Not Disclosed
  • Inventory: $450
  • FF&E: $10,000
  • Listing ID: #202782
  • Established: 2007
  • Employees: 3 PT

Business Description

This is a profitable, popular and established children's and maternity clothing consignment boutique in an excellent location within a desirable shopping neighborhood with good drive-by and foot traffic. The store sells mid to high-end children's clothing brands and maternity clothing to a wide variety of shoppers located in the surrounding areas of King County. This green business comes turn-key with fixtures, computers and all other materials needed for continued success.


Business Details

Primary Business Category: Retail Trade - Clothing
Location: Washington
County: King

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 PT

Financial Information

Asking Price: $75,000
Gross Revenue: $118,367
Cash Flow: $38,118
FF&E: $10,000
Inventory: $450
Seller Financing Available: No

Property Information

Facilities:

The business has an attractive storefront space with excellent drive-by and foot traffic. There is excellent visible outdoor signage and awnings and nice in-store signage. Located in a popular shopping area with other boutiques, stores, restaurants and child-oriented professionals - the store has excellent visibility. The space has abundant natural light in the front and back and street visibility from two directions. A covered parking space in the back is currently included in the rent. There is approximately 500 square feet of space with a monthly rent of $1561 that includes water and sewage. There are no additional triple net or percentage of sales charges. The current lease expires 8/1/2022 with one 5 year option to renew.

Growth & expansion opportunities:

There is great potential for growth by expanding social media advertising to extend the customer reach and fine tuning the maternity clothing selection with a few carefully chosen new items, improved native search and inexpensive paid search to increase sales. The store's point-of-sale program has the capability for the online selling of higher-end clothing. Increased emphasis on new baby gifts could increase business potential as there is little neighborhood competition and strong demand.

Competition:

The store's location attracts mid to high-end clothing for consignment and because the store is centrally located, the better clothing pulls shoppers from a wide area. The closest competition for a children's clothing consignment or secondhand children's clothing store is 3.5 miles away and there is none in the neighborhood. Consignment stores tend to be recession-proof as they do great in good economic times because people love a bargain - they also do great in bad economic times when people need a bargain. The store sells maternity clothing which is unusual among used clothing stores. Recently voted “Best Maternity Store” by viewers of a local TV station.

Reason for selling:

The owners are pursuing other personal interests.

Support & Training:

Will train for 2 weeks @ no cost. Washington State and Seattle business license would be required. Any type of business, sales or retail experience would be helpful. The owner would need to be familiar with basic computer operations and knowledge of social media and promotion would be a plus. An engaged owner who worked in the store would do well.

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Business Listed By:

Claudia Smith

Murphy Business Brokers