MergerPlace

Seattle's Premier Designer Consignment

Washington (King)


  • Asking Price: $99,000
  • Gross Income: $372,169
  • Cash Flow: $45,397
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $35,000
  • Listing ID: #203802
  • Established: 1991
  • Employees: 2 FT/2 PT

Business Description

This exclusive women's consignment store has been a destination for discerning shoppers for over 26 years in Seattle. With a reputation for high end brands and designer resale clothing, shoes, bags and accessories at a deep discount, this store beats all the competition. Impeccable taste and condition, extensive inventory variety at a fraction of the cost, upscale layout and display, describe this lucrative one of a kind business. At any given time there is over $1million in consignment inventory available to the cost conscious shopper. Chanel, YSL, Hermes, Lanvin, Gucci, Fendi, Armani, are just a few of the exclusive brands found in this one of a kind store. The boutique holds thousands of items including designer handbags, jewelry, scarves, belts and sunglasses, designer jeans as well as a large selection of separates, coats & leathers, evening gown and cocktail selection.


Business Details

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

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT/2 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $372,169
Cash Flow: $45,397
FF&E: $35,000
Seller Financing Available: No

Property Information

Facilities:

The store has been at the same location since its inception. Well situated in a beautiful historic retail building on a busy well traveled street, there is excellent visibility from two main streets from passersby and automobile traffic. The 2400 sq. ft. space is elegantly decorated and thoughtfully laid out for ease of shopping. The rent is below market $4,152/month plus $1,450/month triple net. The existing lease expires September 30, 2019.

Growth & expansion opportunities:

The website could be expanded and optimized to push sales. Selling on ebay and other similar sites would drive revenues in addition. Opening the store on Sundays would give another day for weekend shoppers and increase monthly sales. Opening Pop Up locations in strategic shopping areas will boost sales, move merchandise and increase the customer base of online shopping.

Competition:

There is only one other designer consignment store that would be competition. This store has the best reputation and brand recognition in the area. Gone are the days of going to the mall to pick up the same clothes everyone else has. Style seekers want one-of-a-kind treasures and they want to experience the hunt for themselves. Apparel resale, offline and online is an $18Billion industry and projected to be $33Billion industry by 2021.

Reason for selling:

The owner is retiring.

Support & Training:

Will train for 2 weeks @ no cost An entrepreneurial spirit, love of designer fashion and retail is a must for this great business. Personnel management, basic bookkeeping, familiarity with social media, brands and pricing, as well, as website experience would be a big plus.An entrepreneurial spirit, love of designer fashion and retail is a must for this great business. Personnel management, basic bookkeeping, familiarity with social media. brands and pricing, as well, as website experience would be a big plus.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Claudia Smith

Murphy Business Brokers