Business For Sale

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.

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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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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