Great Family Sporting Good Consignment Business

Not Disclosed, WA
King County

King County

Asking Price: Annual Revenue:
$99,000 $195,421

Retail: Sporting Goods, Recreation

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RE: Great Family Sporting Good Consignment Business Broker: Claudia Smith
Owner Financing is Available!
$59,000 down/$40,000 for 36 mos. @ 6%

Quick Facts

Asking Price: $99,000
Annual Revenue: $195,421
Net Profit: Not Disclosed
Cash Flow: $56,064
Total Debt: Not Disclosed
FF&E: $10,258
Real Estate: Not Disclosed
Year Established: 2013
Employees: 3
BBN Listing #: 94744955
Broker Reference #: 8002-13808

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Business Overview:

This is an opportunity to take over a turnkey business in one of the growing retail/resale segments, consignment sporting goods, clothing and accessories. With kids constantly growing it is a challenge for families to keep up. Offering a wide variety of new and gently used sports gear, this business provides customers quality service and selection at a considerable savings. The store has now entered its 5th year of business and is a destination for sporting families around Puget Sound. All consignment inventory is included; new inventory is negotiable.

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Property Features and Assets:

The store is situated on the street level of a mixed use building. Located on a main retail street with lots of foot and vehicle traffic, there is on street parking in front of the store and within a half a block or so. The store is 1,237 square feet of retail space and 225 square feet of storage/staging area. The well organized space displays the used clothing, gear and accessories as well as an inventory of new shoes, bikes and accessories for ease of shopping. There is a 3 year lease at $3,033/month including triple nets and a 3% annual increase in rent. Assets: $135,000

Market Competition and Expansion:

The nearest competition to the store is over eight miles away. The resale industry has consistently demonstrated strong growth on average 7% a year. The store has exceeded the national average with 10% increase in sales per year. According to Dunn & Bradstreet, resale sales generate $17 billion annual revenues. 15% of Americans shop at resale store each year compared to 11% at outlet malls, 20% in apparel stores and approximately 21% at major department stores. The 10% growth can be boosted with a strong emphasis in marketing, social media, expanding the online store and creating more business alliances with retail sporting goods stores shedding old stock.

Reason for Selling:

Change in family situation.

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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