Very Profitable Consignment Store - Motivated!

Not Disclosed, NC
Mecklenburg County

Lake Norman

Asking Price: Annual Revenue:
$325,000 $1,009,766

Retail: Consignment, Pawn Shop, Thrift Stores

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RE: Very Profitable Consignment Store - Motivated! Broker: Joe Vagnone
Owner Financing is Available!
Owner will consider some financing to the right, qualified buyer.

Quick Facts

Asking Price: $325,000
Annual Revenue: $1,009,766
Net Profit: Not Disclosed
Cash Flow: $228,850
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 20
BBN Listing #: 40506351
Broker Reference #: FASHION3

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Business Overview:

A very profitable consignment store in the heart of Lake Norman, this business is a well-run business that has enjoyed significant growth every year since opening it doors in 2007.

Distinguishing itself from area competition, this store is one of the largest in the area, selling both men’s and women’s shoes, clothing and accessories – all name brands, consisting of mall department brands and above. The business carries items for teens up to seniors, with a core market to 30-60-year-olds.

A leader in the community, in a prime location, this business has seen significant growth of the online business despite the on-going pandemic. Sales increased by approximately 40% in 2021 from 2020 and continue on an upward trend. Your inquiry today is the first step to owning this business!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

This business is located in an extremely vibrant, busy strip mall. 100% of the facility's 7,200 square feet is utilized.

Market Competition and Expansion:

Competition: Although there are many competitors in the market area, this business distinguishes itself on the basis of service, being price competitive, selling superior designer merchandise, and the store environment - this store has a welcoming "boutique" feel. Potential Growth: The growth potential of this business is substantial with a new owner willing to invest more into e-commerce and digital marketing.

Reason for Selling:

Seller is retiring!

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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