SE MN Children's Resale Retail

Business Overview:

Well established in its market, this business provides a place for families to sell and buy gently used children's, teens, and maternity clothing along with toys and baby equipment. For sale is a company that is 35 years old and has been run by the current owner for over 25 years.  

The seller is dedicated to a smooth ownership transition including a potential long-term transition plan.  The company currently employs 4 full-time workers and 4 part-time workers.  The business owner works about 40 hours per week, mostly buying and tagging products and doing accounting.  A new owner should have a passion for families and an eye for what families are looking for in products clothing, toys, and baby equipment.

All assets needed to run the business are included in the asking price, including furniture, fixtures, and equipment along with inventory. The real estate is owned by the seller and the seller is interested in leasing or selling the real estate with the business sale.

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Property Features and Assets:

The current facilities are adequate to sustain current operations.  Approximately 11,000 sq ft.  Seller owns the buildings and is interested in leasing to the next business owner or selling the real estate with the business.

Assets - $90,000

Market Competition and Expansion:

The business has very little direct competition in the local area. Used goods stores have experienced swelling revenue through most of the five years through the end of 2023. These stores have historically performed countercyclically to the overall economy, but as income levels and consumer confidence surged early during the current period, used good store revenue continued to climb. Revenue also swelled because of 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 through the end of 2023, driving consumer demand for used goods stores' products. However, these stores experienced substantial challenges amid COVID-19, pushing down used good store revenue in 2020. Taking the time to list more items online could increase sales substantially without affecting current operations.

Reason for Selling:

Owner wishes to retire.

Additional Details:

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