Women's Consignment Boutique for Sale

Centerville, OH (Montgomery County)

Women's Consignment Boutique for Sale
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Asking Price: Get Financing: $75,000

Cash Flow: $172,000

Gross Revenue: $250,000

EBITDA: $77,000

FF&E: $50,000

Inventory: $20,000

Lease Rate: $2,500 /Month

Established: 2009

Women's Consignment Boutique for Sale

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Business Description

Great fashion business with easy schedule

Premium and designer brand women's consignment boutique located in the quaint historic district of affluent community. The shop is more "boutique" than "thrift" carrying popular brands such as J. Crew and Banana Republic, but is perhaps most well-known for being the only place in the area to find luxury brands such as Chanel, Louis Vuitton, etc. Shop carries women's clothing, handbags, shoes, furs, fine and costume jewelry in new or like-new condition. It truly is a one-of-kind experience for consignors and shoppers alike and is within a area surrounded by boutiques, salons and small independent businesses who network and cooperate in marketing, events and advertising together.

Shop has received many "best of" accolades throughout the years and has a strong loyal customer and consignor base.

The shop is a consignment vs. resale shop meaning that there is no cost to inventory up-front. The consignors are paid once the items sell. This allows for limited risk and cost to the business owner. Current owner has also incorporated wholesale market items throughout the years, but this has been discretionary and never more than 10% of the inventory at any given time.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,652
Lease Expiration:
2/28/2021
Employees:
4
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. 2652 square foot building available for lease at $2,500 per month plus utilities or for sale for $215,000.
Competition:
While there are other resale and consignment shops throughout the area, none have the same look and feel of this shop nor do they adhere to the same guidelines. In the area, there is a franchised resale shop that buys outright vs. consigning. Another is better known for home furnishings vs. clothing.
Growth & Expansion:
There are many opportunities for growth in this business, namely in the online marketplace. The creation of an online store would expand the reach beyond the Dayton market. Current owner has had luck selling online through eBay, but the potential is much greater than that alone. The current format only caters to women, but there is a lot of potential in opening up the business to include men's items as well as juniors and children's, home furnishings, artwork as well as wholesale retail items.
Financing:
Building can be leased or sold separately to new owner
Support & Training:
Buyer will receive training on all current systems, processes and procedures by owner and/or manager.
Reason for Selling:
Owner is a full time realtor with a limited schedule
Business Website:
http://www.loraleidayton.com
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Business Listed By:
Laurie Westheimer

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