High End Women's & Juniors Consignment Shop

Littleton, CO (Jefferson County)

High End Women's & Juniors Consignment Shop
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Asking Price: $128,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $250,000

Rent: $14 /Month

Established: 2017

High End Women's & Juniors Consignment Shop

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Business Description

Consignment... a recession-proof industry

This is a fresh and vibrant consignment boutique with gift shop that opened April 2018. It fills a much-needed niche in this area. Our tight knit community loves the store, and it shows with more than thirty 5 star reviews on Facebook, Google and Yelp and more than 630 Facebook followers. This store has quickly become a favorite place to shop.

Take advantage of the work that has been done to attract more than 250 active consignors and develop loyal customers. This is a turn-key opportunity to step into the rapidly growing consignment industry (thank you Marie Kondo! we will never run out of inventory) in an up and coming neighborhood. The hard work has been done! Now is the fun part - PROFIT!

After completing our first 12 months, we found out what sells and what doesn't. We just finished a slight redesign of the floor plan to showcase more designer purses and shoes, add a Petite section, increase Juniors and discontinue Menswear. This change is has increased sales and will solidify our reputation as the destination for high-end XS, Small and Petite apparel.

You'll find a variety boutique style clothing, designer purses, shoes and accessories.

We have 13 large windows, 2 extra large dressing rooms, 2 ADA compliant bathrooms, an office, a processing rooms and storage area. Included with the fixtures are 2 custom made 15 ft wood and glass locking cases, great for jewelry and designer purses.

We have a fully designed website and very active Facebook page. The Facebook page currently has more than 630 followers, close to 1000 photos, several videos and nearly 20 5 star reviews. The online store has been started and just needs a few finishing touches. This is projected to dramatically increase sales.

The store has the best location in the shopping center with 48 months remaining on the lease + two 5 yr options to extend. Located next to a busy restaurant (also under new ownership which is now thriving) and across from a newly opened Craft Brewery that has an off-leash dog park. The well-lit parking lot is spacious, and "CONSIGNMENT" can be seen from the main road. If you decide not to keep the current name, it can be a quick fix and keep the channel letters spelling “consignment”. The back of the building has a banner that faces a busy post office, which brings in new customers daily. The unit was once an auto parts store, after a $70k+ conversion it has become a warm & inviting boutique that you could be proud to own.

Please note that no additional information will be sent via email. An in-person meeting, in the store, is required. Earnest money and letter of intent is required. The earnest money will be applied to the investment at the time an agreement has been executed.

We will provide 1 month free training to introduce the new owner to the consignors and to train new staff on the consignment software and processes. The current owner lives very close to the shopping center and will be available to fill on an emergency basis or possibly work part time in the shop, upon request. She will also consider a monthly contract position to maintain the website, social media accounts, marketing, advertising and event management.

***We will also consider a partnership for less than the full asking price - we can discuss terms. Earnest money and letter of intent required.***

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,678
Lease Expiration:
2/28/2023
Facilities:
A full list of fixtures and assets will be provided. We will leave everything that will make the transfer of ownership seamless and not disrupt daily sales.
Competition:
Benefit from this prime location with the recent opening of an emergency hospital across the street. Plus, the groundbreaking of multi-family dwellings and the revitalization of a popular shopping center. Included are 2 popular full service restaurants and a craft brewery that invites local food trucks daily and a nice variety of retail and service oriented businesses.
Growth & Expansion:
The current owner will be moving the gift shop to another unit in the shopping center to make room to expand the designer clothing area. This will increase sales and open up 800+ additional sq ft on the sales floor.
Financing:
We may also consider a partnership
Support & Training:
1 month free training to introduce the new owner to the consignors and to train new staff on the consignment software and processes. The owner will consider staying on in a marketing role upon request.
Reason for Selling:
Owner is now focusing on software development
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