Olmsted County Women's Fashion Retail

Business Overview:

Don't miss this once in a lifetime opportunity to purchase a truly turn-key, bank pre-approved business. Profitability has been consistent in 2021 and 2022, and with the economy slowing down this counter-cyclical business is poised to stay strong through 2023. Current owner spends 3 or less hours per week managing the business. Long-tenured, competent staff manage the day-to-day operations. With a minimal down payment the right buyer could enjoy returns of over 300% per year on their down payment! The offer price includes the franchise transfer fee, inventory, all equipment, and the lease build-out, everything you need to run the business successfully.

For sale is a long established and profitable franchise women's fashions and accessories business in Olmsted County. With long-term management already in place and a solid foundation to work from, this business is poised to be a solid profit generator for years to come. Value shopping, recycling via re-using clothing, and the quest for trendy and unique fashion will keep customers shopping for years to come.

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 3 hours a week with most of that time spent on accounting and reporting. 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!

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:

3,800 sq ft leased facility with selling floor, bathrooms, and an office/break area. The landlord has built into the current lease a mechanism to make it automatic for a new owner to step into the lease. Assets = $81,000.

Market Competition and Expansion:

The Used Goods Stores industry has experienced increasing revenue over most of the five years to 2022. The industry has historically performed countercyclically 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 experienced significant challenges as a result of the COVID-19 (coronavirus) pandemic, leading industry revenue to decline 10.6% in 2020 alone. Overall, industry revenue is expected to increase at an annualized rate of 3.5% to $25.0 billion over the five years to 2022, despite an anticipated decline of 1.2% in 2022 alone. This business has been growing consistently over the past decade. 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:

Relevant Links:

• View more Minnesota businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker