Women's resale franchise - #7 in Top 100 Franchises 2018!

Manassas, VA (Manassas City County)

Clean, Turn Key Opportunity for New Owner!
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Asking Price: Get Financing: $40,000

Cash Flow: N/A

Gross Revenue: $370,000

EBITDA: N/A

FF&E: N/A

Inventory: $65,000

Lease Rate: $8,164.25 /Month

Established: 2016

Women's resale franchise - #7 in Top 100 Franchises 2018!

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Business Description

Turn-Key Opportunity with Tons of Upside!

Resale is big business and the trend continues in the women's apparel category. Style Encore is ranked in both Entrprenuer Magazine's Franchise 500 and Top 100 Franchisees for 2018. The store is available due to family commitments that are taking the franchisee away from the business. This is a turn-key opportunity and all offers will be considered.

As a brand, the system average gross sales are over $650,000 with the top store in the system at $1.6M. With profit margins of over 57% the financial model for this business is unparalleled in retail.

Style Encore is a trendy women's resale store that pays CA$H on the SPOT for gently used women's clothes, shoes, handbags, jewelry and accessories! If you love interacting with people and want a business you can step in and have an immediate impact on sales, this is the perfect opportunity!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,842
Lease Expiration:
12/29/2020
Employees:
7 most pt
Facilities:
This store is located in a beautiful shopping center on a very busy main street. The center is less than 10 years old, has ample parking, and three (3) separate exit/entrances. The store is next door to an extremely popular ALDI food market. Other tenants in the shopping center include Plato's Closet, Dollar Tree, Firehouse Subs, Noodles & Company, Ledo's Pizza, Starbucks, Paris Nail Salon, Homegoods Store, as well as Northwest Federal Credit Union. The landlord has been very supportive and responsive.
Competition:
There are no viable competitors in the local market due to the uniqueness of the business model. The nearest national competitor is located approximately 1 hour away. Ongoing efforts to educate and familiarize the community at large with Style Encore should compel greater foot traffic, store buys and sales.
Growth & Expansion:
Store sales have increased gradually since Jan. 2017 as more of the surrounding community becomes familiar with the store and business model. Ongoing social media marketing as well as local marketing efforts will increase foot traffic, store buys and sales.
Support & Training:
Training provided and required by franchisor upon ownership. 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:
Family and health circumstances
Franchise:
This business is an established franchise
Business Website:
http://www.style-encoremanassas.com
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(from currently available funds)
 
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Pete First

Business Listed By:
Pete First

Winmark Corporation

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