Olmsted County Women's Fashion Retail

Not Disclosed, MN
Olmsted County

Asking Price: Annual Revenue:
$128,000 $636,840

Retail: Clothing & Accessories

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RE: Olmsted County Women's Fashion Retail Broker: Jacob Petersen
Owner Financing is Available!
$6,600 down / $12,800 Over 60 mos. @ 6% / Other Financing.

Quick Facts

Asking Price: $128,000
Annual Revenue: $636,840
Net Profit: Not Disclosed
Cash Flow: $86,640
Total Debt: Not Disclosed
FF&E: $27,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 7
BBN Listing #: 30704955
Broker Reference #: 5106-16629

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Business Overview:

For sale is a long established and profitable franchise women's fashions and accessories business in Olmsted County. While sales took a hit in 2020 due to pandemic induced closures, 2021 has been the best year yet for this business. With long-term management already in place and a solid foundation to work from, this business is poised to be a solid profit generator with day-to-day operations handled by staff. Value shopping, recycling via re-using clothing, and the quest for trendy and unique fashion will keep customers shopping for years to come.

This is a turn-key operation with all of the assets needed to run the business included in the sale price, including, furniture, fixtures, equipment, and inventory. In addition, the franchise transfer fee is included in the price, so what you pay for the business is your total cost to get started.

Specializing in retailing gently used women's fashion, this business has a steady and loyal clientele that is supplemented by the many visitors that come to the area every year. A new owner can take advantage of franchisor training and reporting systems to get a solid grasp on the business from the start.

The current owner works approximately 30 hours a week with most of that time spent on marketing and management efforts. If you have an eye for fashion this business will be a fun and exciting opportunity to service customers in a robustly growing community and industry!

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Property Features and Assets:

3,800 sq ft leased facility with selling floor, bathrooms, and an office/break area. The facility lease comes due in 2022 but the landlord is interested in entering into a new long-term lease with the next owner. Assets = $81,000.

Market Competition and Expansion:

The Used Goods Stores industry has experienced increasing revenue over most of the five years to 2021. The industry has historically performed counter cyclically to the overall economy, but as income levels and consumer confidence increased early during the period, industry revenue continued to climb. Revenue also increased due to changing consumer and fashion trends, leading to an influx of demand from young consumers. Moreover, numerous social media outlets and TV shows dedicated to altering or selling used merchandise have become popular over the past five years, driving consumer demand for industry products. However, the industry faced significant challenges as a result of the COVID-19 (coronavirus) pandemic, leading industry revenue to decline 16.9% in 2020 alone. Overall, industry revenue has fallen at an annualized rate of 1.0% to $16.8 billion over the five years to 2021, including an anticipated increase of 7.2% in 2021 alone. During the period, the number of industry operators has decreased. A number of for-profit operators, however, have joined the industry after being drawn by the increasing popularity among individuals for exchanging used goods for cash. The entrance of these operators has resulted in the average industry profit margin increasing during the period. As a result, nonprofit companies have shifted pricing strategies to account for this increased demand, in addition to increased capabilities to take on online competition. However, the coronavirus pandemic in 2020 has resulted in the anticipated exit of many operators unable to weather the temporary closure of nonessential businesses. The number of enterprises has ultimately decreased, falling at an annualized rate of 0.6% to 70,958 companies over the five years to 2021. Moving forward, industry revenue is projected to rise, increasing at an annualized rate of 0.7% to $17.4 billion over the five years to 2026. Industry operators are expected to endure a lasting effect of the coronavirus pandemic, as consumers have become increasingly comfortable making purchases online. External competition will likely continue to increase as families with higher income levels seek out 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.--IBIS World This business has been growing consistently over the past decade and 2021 was the best year so far. A new owner that is dedicated to the growth of the store could use local outreach and marketing efforts to drive sales, on top of refining and expanding the current marketing efforts.

Reason for Selling:

Distance from operation has become too far.

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 a franchise resale opportunity.

Relevant Links:

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