Price Reduced-Profitable and Popular, Once Upon a Child Franchise!

Spokane, WA (Spokane County)

Organized and Loaded with Great Inventory!  Huge Repeat Customer Base!
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Asking Price: $92,000

Cash Flow: N/A

Gross Revenue: $681,740

EBITDA: N/A

FF&E: $50,000

Inventory: $85,000*

Rent: $5,250 /Month

Established: 2006

*not included in asking price.

Price Reduced-Profitable and Popular, Once Upon a Child Franchise!

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Business Description

After 11.5 years building this favorite kids’ store for the budget minded and quality seeker alike, the owner is retiring and ready to turn it over to a new proprietor.

Situated in a family-friendly community of 90,000-plus people east of Spokane, the store generates positive cash flow with strong sales. The well-trained and seasoned staff pleasantly greet and serve new and returning customers, and keep the over 5,500 Facebook followers and over 10,000 Constant Contact opt-in customers informed about exciting new items in stock and can’t-miss sales. They also answer questions asked online and keep good conversations going.

“At Once Upon A Child we offer parents a fun and convenient way to buy and sell gently used kids stuff, which makes saving money on children's clothes, toys, baby furniture and equipment a reality every day. We focus on quality, safety and value – the same things you feel important for your own families.”

Because of its burgeoning business, the store expanded into adjacent space in 2013. It’s now at 5,166 square feet with the storefront facing a major commercial road and a lease in effect until July 2021. Ample free parking for all those family vans and SUVs (and regular cars and pickups, too) allows customers to come in and take their time to shop. The location is part of a family shopper paradise; up the road is Target, down the road is Walmart, Old Navy, Plato’s Closet, Carters and fast food and coffee stops, gyms and grocery stores line the road in both directions. The Valley Mall is 5 minutes away (if you hit the lights right).

Just step into this store to see how special it truly is. Then imagine yourself part of the fun. You’ll likely love it here.

Detailed Information

Location:
Spokane, WA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,264
Lease Expiration:
7/10/2021
Employees:
5 ft, 6 pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store is located on Sprague Ave. which is the major (7 lanes) east/west arterial thru Spokane Valley. The center has five suites (the store has two of the suites) with full occupancy. The centers owner is very active and works hard to make sure the center is clean and attractive. The center and parking area is in outstanding shape. Parking for employees is in the back of the center and there is more than ample parking for customers in front of the center. The space itself is in outstanding shape in accordance with the Gold Seal rating from the franchisor. This is the 12th year in the location and the 3rd lease option. There is an additional 5 year lease option available.
Competition:
There are excellent children's retailers in the area who sell new product such as Carters and Children's Place who's items ultimately come to Once Upon A Child Gently Used. There are a couple of mom and pop type consignment shops but they cannot complete with this location paying cash on the spot for items. The population of Spokane County is over 500,000 and the store is located in the major shopping area of Spokane Valley with various big national stores such as Target, Old Navy and Walmart along with smaller local retail shops and restaurants. The demographic in the area provides a great customer mix of both sellers of high quality product and buyers that need the expertise Once Upon A Child provides. Customers frequently travel from other areas of eastern Washington as well as portions of Idaho to shop at the store.
Growth & Expansion:
Opportunities exist to further expand the business with additional involvement in local children events and opportunities. Many franchisees work with local schools and hospitals to get in front of existing and new moms. The nearby Air Force base is also a relatively untapped source of inventory and customers. The existing customer base also offers growth opportunities and further activity with those who are in mom’s group will spread the word about the business. This can include setting up in-store events and communicating with existing customers thru Facebook and mom’s group blogs. Expansion of marketing efforts by continuing to grow Constant Contact emails, Facebook and Instagram followers. A review of current digital marketing efforts, thru Pure Driven, and conventional marketing, thru J Miller Marketing, will help ensure all advertising is current and applicable.
Support & Training:
Training provided and required by franchisor upon transfer. On-going support in advertising, merchandising, financial and inventory management, social media training and more provided by franchisor through field visits, regional meetings and national franchisee conferences.
Reason for Selling:
Retirement
Business Website:
http://www.onceuponachildinlandempire.com
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(from currently available funds)
 
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Cat Eckstaedt

Business Listed By:
Cat Eckstaedt

Winmark Corporation

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