Boutique Consignment Shop For Sale

Not Disclosed, MN
Olmsted County

Asking Price: Annual Revenue:
$35,000 $111,904

Retail: Consignment, Pawn Shop, Thrift Stores

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RE: Boutique Consignment Shop For Sale Broker: Jacob Petersen

Quick Facts

Asking Price: $35,000
Annual Revenue: $111,904
Net Profit: Not Disclosed
Cash Flow: $4,138
Total Debt: Not Disclosed
FF&E: $15,400
Real Estate: Not Disclosed
Year Established: 1996
Employees: 9
BBN Listing #: 43624955
Broker Reference #: 5106-15636

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Business Overview:

Charming and chic boutique and consignment store for sale in Olmsted County. Well established, technologically sophisticated and expertly managed, this business is turn-key for the next owner. With computer systems and staffing in place this business is primed for the next business owner to continue the operations as is, or take it to the next level. Seller is very motivated to find this business a new owner. With healthy gross profit margins and established customer and consignor base, this business is set for success for the next owner.

This business specializes in consigning ladies apparel, shoes, purses and jewelry along with furniture and home accents. Store is neatly organized with processes in place to keep operations running smoothly with an ownership transition. The current computer system has built in sales avenues, like e-bay, that are not currently being utilized.

Recession proof business that caters to value oriented consumers. Retail businesses can be difficult ventures in struggling economies. However, consignment stores are an exception. Consignment stores draw in savvy consumers that are looking to get their clothing, accessories, furniture and home accents at a fraction of the retail price. Moreover, with eco-awareness growing more and more customers come in to the shop to "recycle" what they are purchasing. Resale shopping means higher quality for lower cost, while helping the environment by re-using goods.

Overhead is minimal with this consignment boutique. There is basically no cost to the seller for the items that are on display and if the supplier of the product does not come back to get their product after a certain period of time (having not sold) the operator takes possession and selling the item can generate 100% profit.

Current owner oversees the day-to-day operations of the business and supervises the intake of items for sale.

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Property Features and Assets:

Currently in a leased location with friendly and cooperative landlord dedicated to increasing the appeal of the shopping area. Corner end cap in a major shopping center with poly sign and great visibility. Lease has many years left to run and landlord is open to extensions. There is also an opportunity to lease additional space to make room for larger furniture pieces or to expand into other sales areas. Assets= $15,400

Market Competition and Expansion:

The industry has historically performed countercyclically to the overall economy, but as income levels and consumer confidence have increased over the past five years, industry revenue has continued its upward climb. Although per capita disposable income has risen during the period, enabling shoppers to more easily afford new items instead of used industry goods, revenue has continued to climb as changing consumer and fashion trends have led to an influx of young consumers shopping at industry establishments. Moreover, numerous social media outlets and TV shows dedicated to altering or “flipping” used merchandise have become popular over the past five years, driving consumer demand for industry operators. Overall, industry revenue is expected to rise at an annualized rate of 3.0% to $20.5 billion over the five years to 2019, including an expected increase of 2.7% in 2019 alone. Over the five years to 2019, the number of industry operators has fluctuated. New entrants, particularly for-profit players, have joined the industry, drawn by the increasing popularity among individuals for exchanging used goods for cash. In addition, these operators largely explain the industry's expanding average profit margin throughout the period. As a result, nonprofit operators have struggled to stay afloat, shuttering less-successful locations during the period. However, the number of operators in the industry is ultimately expected to increase at an annualized rate of 0.9% over the five years to 2019, resulting in a total of 78,637 individual industry operators. Largely a result of rising disposable income and shifting consumer trends, industry revenue is projected to rise at a slightly slower annualized rate of 2.4% to reach $23.0 billion over the five years to 2024. However, external competition will continue to increase as families with higher income levels seek new, rather than used, items. However, in response to heightened competition, used goods stores are expected to become more specialized, carving out niches in high-quality, low-priced used merchandise such as designer clothing or musical instruments and equipment. -- IBIS World Great opportunities to increase online sales including E-Bay and Amazon. Adding additional items for sale such as art, collectibles and gifts, could be a natural extension of this business and provide value to repeat customers that frequent the shop. In addition, focusing on growing delivery services, furniture staging and auction revenue streams could yield big dividends.

Reason for Selling:

Seller wishes to retire.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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