Well-Known Women's Consignment Shop

ME

Well-Known Women's Consignment Shop

Asking Price:$39,000

Cash Flow:$16,603

Gross Revenue:$78,041

EBITDA:N/A

FF&E:$18,579

Inventory:N/A

Established:N/A

Well-Known Women's Consignment Shop

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Business Description

This shop has been in existence for 30 years and was acquired by the current owner more than ten years ago. The loyal client base has provided the business with considerable 'word of mouth' advertising and continues to thrive because of this. The store is focused on offering high quality fashion at an affordable price. The merchandise consists of quality clothing, handbags, scarves, shoes, jewelry, and occasionally a few vintage pieces.

Customer service is the most effective tool in this business. Meeting, greeting, and assisting clients in choosing the right items is more important than “just making a sale”. A smile is worth a thousand words! Happy customers are return customers, especially if they are in a pleasant environment, which is what this store provides. Market research is done constantly including keeping up on current fashion trends in other stores as well as popular magazines.

Detailed Information

Employees:
3-6 PT & Owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Challenges do arise in any business, this one being no exception. Tourism is a huge boost for the business in Summer and Fall, then there is a dip after the holidays. As with most retail businesses in Maine, Jan-March are the slowest months, and one must be prepared financially to make it through this slow time. On average, if money is set aside for this upcoming slant, the business will do fine.
Growth & Expansion:
The business could benefit from a few changes including more exposure on social media and an online store to help reach a larger client base.
Reason for Selling:
Other interests

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Craig Church

Business Listed By:
Craig Church

Magnusson Balfour Commercial & Business Brokers

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Sponsoring Broker:
Scott Balfour

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