Business for Sale Overview:
Our client owns a furniture and jewelry consignment shop in a high-end area of Central Virginia. The store has been in operation for over 20 years and sales have been strong and steady over recent years. It is entirely operated by a manager and several part-time workers, and the Owner typically spends about 4 hours per week in a management role. In 2008 the Owner achieved an EBITDA of $102,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
The Owner believes the store’s success is due to a combination of factors:
Strong area presence and history
Strong relationship with local and regional antique, collectors, and jewelry dealers
End-to-end consignment software and platform that manages inventory, billings, accounts payable
A robust consignment process that turns inventory quickly
Unique Cash Flow Operation:
One differentiators of this store to traditional retail is that consigned items are funded after the sale. This means that the owner is never “buying the inventory” until over 30 days after it sells. This creates a strong positive cash flow for the business.
Reason for Selling:
Focus on other business
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.