Established Fashion and Furnishings Business for Sale

Tipp City, OH (Miami County)

Established Fashion and Furnishings Business for Sale
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Asking Price: $75,000

Cash Flow: $49,873

Gross Revenue: $84,395

EBITDA: $49,873

FF&E: $20,000

Inventory: N/A

Rent: $1,404 /Month

Established: 2009

Established Fashion and Furnishings Business for Sale

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Business Description

Women's Clothing, Accessories and Home Furnishings Consignment Shop

Well-loved and popular consignment shop located in located in an affluent community in Miami County, Ohio. The shop is more "boutique" than "thrift" carrying current and popular brands of women's clothing, handbags and accessories in like-new condition. The shop also consigns home decor and artwork.

The shop is a consignment vs. resale shop meaning that there is no up-front cost for inventory. Consignors are paid a split once their items sell. This allows for limited risk and cost to the business owner. Current owner has incorporated wholesale market items throughout the years, but these purchases have been discretionary and only make up a small portion of the inventory on the floor.

Detailed Information

Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
9/30/2021
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The purchase of the store includes all fixtures and equipment, branding, computers, software and customer database. Single story building available for lease at $1,400 per month for a three year lease term (current lease through September 2021 with an additional three year option for renewal.
Competition:
The consignment industry is a thriving industry with many people looking for ways to recycle their used items. Consignment shops, by nature, are each one-of-a-kind shopping experiences given that the inventory is always changing. Likewise, even similar shops will have different niche markets.
Growth & Expansion:
The store has operated with just the owner operating for most of the past nine years. There are opportunities to expand staffing and hours. This shop also has very little online presence so there is tremendous opportunity for online sales and marketing.
Support & Training:
Current owner will provide training and support to the new owner.
Reason for Selling:
owner is retiring
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Business Listed By:
Laurie Westheimer

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