Furniture Recycling Consignment Store in Okanagan

Okanagan, British Columbia

One block off major highway

Asking Price: Annual Revenue:
$119,000 $425,000

Retail: Consignment, Pawn Shop, Thrift Stores

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RE: Furniture Recycling Consignment Store in Okanagan Broker: Steve Harvey

Quick Facts

Asking Price: $119,000
Annual Revenue: $425,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: Not Disclosed
BBN Listing #: 641749055
Broker Reference #: Not Disclosed

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Business Overview:

This well known and established Furniture Consignment store services those who are experiencing a home transition; weather downsizing or upsizing, moving out of town, estates, etc. by assisting those wanting to sell or buy high quality furnishings and decor.

Top Quality, Upscale, Home Decor, Furniture & Accessories at Gently-Used Prices! All lovingly displayed in coordinated vignettes in our 6,200 square foot showroom.

Eco-aware consumers would also rather purchase recycled articles in order to minimize their impact on our limited resources. Of course, one of the foremost reasons for increased popularity of resale is very simple . . . People LOVE a BARGAIN! Today’s consumer is more economical and would rather buy clothing, accessories and furniture for a half to a third of the original price, leaving money for other things in life such as vacations, education, investments and hobbies. The public is also keenly aware that resale shopping means more quality for less money.

Since resale has evolved from the image of dark, musty junk stores, consumers today find clean, attractive and well displayed stores that offer value and selection without the new-price markup.

There are numerous reasons for the increased popularity of resale. One is the increased awareness by the public of recycling. People would rather consign, sell or donate their unwanted or unneeded items than just add to the waste stream. Consignors, donors and sellers make money by selling under-loved items at our shops, without the expense, work, and bother of a tag or garage sale. By having a resale expert price and market their goods, sellers realize more income than if they attempted to do this themselves.

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Property Features and Assets:

The business currently operates in an open/spacious 6,200 sq ft facility just one block off Harvey Ave. in busy retail area. There is an easy to access loading/unloading area. The total space of 6,200 square feet is more than what this business really needs to operate. The landlord may consider reducing the space by approximately 1/3, increasing bottom line profitability by approximately $30,000 per year.

Market Competition and Expansion:

Great opportunity to increase online sales. Opportunity to expand with "new" furniture lines or perhaps more arts, collectibles, greeting cards, and gifts. Bring your drive and creativity!

Reason for Selling:

Owner 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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