MergerPlace

Trendy Women's Clothing Consignment

Washington (King)


  • Asking Price: $99,000
  • Gross Income: $147,501
  • Cash Flow: $28,274
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $8,000
  • Listing ID: #209423
  • Established: 1985
  • Employees: 6 PT

Business Description

This established and trendy consignment boutique has been selling upscale, brand name, women's contemporary clothing and accessories for a fraction of retail store prices for over 20 years. There is a large selection of inventory ranging from designer to Old Navy accommodating the fashion conscious, trendy, urban, young grown-up. Located in the center of one of the hippest neighborhoods in Seattle, the store is situated on a very busy, well-traveled street with excellent visibility from passerby and automobiles with plenty of free street parking. With stylish and modern decor, the latest point-of-sale software and a client list of over 3,900 consignors, this exclusive consignment shop comes turnkey and ready for the entrepreneur who loves women's fashions.


Business Details

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

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $147,501
Cash Flow: $28,274
FF&E: $8,000
Seller Financing Available: Yes

Property Information

Facilities:

The store is located in one of the most popular Seattle neighborhoods on a busy, well-traveled street with plenty of free street parking. The one-story commercial retail space boasts 4 very large store-front windows with great street visibility. This fabulous consignment boutique has a trendy, urban feel as you enter the store. With sleek shelving units, modern fixtures and wrap counters, the 1,200 sq ft boutique offers shoppers a delightful shopping experience. The store includes a large storage room as well as a restroom and three fitting rooms.

Growth & expansion opportunities:

Opening the store on Mondays would give patrons another day to shop and increase monthly sales. Additional advertising through local online blogs and social media would be a great way to gain exposure. Consigning men's and children's fashions and adding an additional clothing line, accessory line, or makeup line would boost revenues. Offering "in-home closet clean-outs" would also be a great way to grow the business. In addition, continuing to focus on and expand the use of online marketplace selling would be a great way to increase the bottom line.

Competition:

This is the only consignment offering trendy, casual women's clothing in the area. The consignment resale industry is growing while retail is shrinking. More people are shopping secondhand than ever before. One in three women shopped secondhand last year. While many doors close their doors each day, resale remains healthy and one of the fastest growing segments of retail. Resale is growing 24 times faster than retail. Apparel resale, offline and online is an $18Billion industry. 49% of the resale market is comprised of clothing, accessories and shoes. 66% of consumers use thrift to buy better brands they would otherwise never pay full price for. Millennial's are the most impulsive shoppers and are the group most likely to discard an item after 1-5 wears, but they hate to waste. 77% of millennial's prefer to buy from environmentally conscious brands or thrift because of environmental reasons. Resale will be larger than fast fashion as consumers re-think the eco-impact of apparel. Projections are by 2022, the resale industry will be a $41 Billion industry.

Reason for selling:

The owner is retiring.

Support & Training:

Will train for 2 weeks @ no cost This popular consignment shop offers a huge selection of upscale, contemporary clothing and accessories for any outfit, fashionable collection of jewelry, and tons of designer handbags. For the consignor, they provide a detailed contract at the time of the consignment consultation with a promise that consigned items will be out and selling by closing the day of drop off.

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Business Listed By:

Claudia Smith

Murphy Business Brokers