Seattle's Premier Designer Consignment

Seattle, WA (King County)

Seattle's Premier Designer Consignment
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Asking Price: $115,000

Cash Flow: $45,397

Gross Revenue: $397,492

EBITDA: N/A

FF&E: $35,000

Inventory: $796,019

Rent: $5,700 /Month

Established: 1991

Seattle's Premier Designer Consignment

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Business Description

Designer label women's clothing and accessories at 30 - 90% off retail

This exclusive designer-only women's consignment boutique has been a Seattle icon and destination point for price-conscious fashionistas for over 27 years. Located in the midst of Seattle's downtown retail center, and surrounded by hotels, high-rise condos, high-rise business centers and retail, we've built a beloved and wonderfully fun boutique full of only the best curated and extensive one-of-a-kind inventory of any consignment boutique in the state. 70% off retail prices, great customer service, a top-notch customer-retention program and a well-known location keeps our customers coming back and attracts new ones daily. Plus we have a great E-commerce website at www.AlexandrasOnline which is just in it's early phases, a Facebook page and Instagram. Alexandra's is one of a handful of privately owned boutiques to have stayed the course in downtown Seattle over the decades and has become a household name recognizable to fashionistas statewide . We have $800,000 of merchandise in inventory, around 2,000 wonderful consignors, a great staff, a fully-designed and supplied boutique and more than 3000 loyal customers. Our friendly, welcoming customer service creates an environment where it's fun to shop and fun to work. It's even more fun to own. Love Louis Vuitton, Chanel, Fendi, Hermes, Gucci and more? This is your business.

Detailed Information

Location:
Seattle, WA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
9/20/2019
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Our beautiful 2400 sq ft boutique has been in the same location for 27 years. The historic triangular Times Square Building sits between two busy streets - Olive Way and Stewart with lots of traffic to view our two large display windows. The space is elegantly decorated and laid out for ease of shopping. The rent is below market at $4,152/mo plus $1,450/mo triple net. The lease expires in September 2019 and our landlord is happy to discuss a new lease with a new owner. The building itself is a Seattle Icon located between Nordstrom and Macy's (Home Based)
Competition:
There is one consignment store in the Belltown district but we don't consider any consignment store direct competition. After all, we're selling one-of-a-kind items that simply aren't available anywhere else. So, we're delighted to be in close proximity as well with Nordstrom Rack and Saks off Fifth because their advertising brings discount-loving customers and visitors to our area where we can offer them unique items with labels like YSL, Marni, Lanvin and more - at even better discounts than Nordstrom Rack! We haven't had to advertise in years.
Growth & Expansion:
Gone are the days when everyone wanted to look alike. We appeal to women who love the hunt for one-of-a-kind treasures that are unique to their style. Apparel resale, offline and online is an $18 Billion industry and projected to be $33 Billion industry by 2021. And there are lots of opportunity for increasing sales and profits which I'll share. Social media expansion is a big opportunity. Our website needs to be optimized and developed to reach a much larger audience. Plus we're beginning setup on an Ebay store. I have lots of ideas.
Support & Training:
Our store manager and Social Media manager are both wonderful and want to stay on. I will happily provide training for 2 weeks at no cost. We've also developed lots of systems and materials to assist you in running Alexandra's and 27 years of experience that will save you lots of time and money.
Reason for Selling:
The owner is retiring
Home-Based:
This business is Home-Based
Business Website:
http://AlexandrasOnline.com
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Business Listed By:
alexandra sparks

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