Providence's only Children's Resale Store for sale

Providence, RI (Providence County)

hope returns
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Asking Price: $18,000

Cash Flow: N/A

Gross Revenue: $69,517

EBITDA: N/A

FF&E: $2,500

Inventory: $25,000

Rent: $1,625 /Month

Established: 2011

Providence's only Children's Resale Store for sale

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Business Description

PRICE REDUCED! Well established, turn key neighborhood children's store in the heart of the Hope Street shopping district in Providence, Rhode Island. Recipient of a "Best of Rhode Island 2018" award. Features an eclectic mix of new and gently used children’s apparel, equipment, books and toys with an eye toward higher end and unusual merchandise, as well as locally made handcrafted gifts. Vibrant and loyal customer base including robust, active contact list and social media following.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,217
Lease Expiration:
3/1/2019
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Bright, clean and cozy storefront with 770 sq. ft. of retail space, 405 sq. ft. heated storeroom and 42 sq. ft. bathroom. Easy street parking for customers and 2 off street staff parking spots. Located in a bustling small-business community with a thriving Merchants Association. Two annual block parties draw thousands to the street. Lots of daily foot and stroller traffic. Transfer of lease included, subject to personal approval by landlord. Logo and all association with branding, full inventory and all fixtures and equipment included.
Competition:
This is the only independent children's store in Providence carrying apparel and equipment. A toy store is on the same block, which is mutually beneficial. This neighborhood embraces small businesses, resale philosophy, and local shopping.
Growth & Expansion:
Considerable growth potential for the right creative and motivated buyer. Store is currently open Tuesday through Saturday, additional days and expanded hours would increase sales.
Support & Training:
Current owners available for training and support during transition.
Reason for Selling:
owners are pursuing other opportunities
Business Website:
http://hopereturnsri.com
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Business Listed By:
Virginia Hopkins

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