Young and Growing Once Upon A Child Franchise - Turn Key!

Spokane, WA (Spokane County)

Clean, Organized and Loaded with Great Inventory - Ready For New Owner!!
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Asking Price: Get Financing: $50,000

Cash Flow: N/A

Gross Revenue: $674,000

EBITDA: N/A

FF&E: $50,000

Inventory: $107,700*

Lease Rate: $109,000 /Year

Established: 2015

*not included in asking price.

Young and Growing Once Upon A Child Franchise - Turn Key!

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Business Description

After 2.5 years building this kids’ store from the shell out, the owner is retiring and ready for a new proprietor to take charge advantage of ample growth opportunities.

Located in a major shopping district in north Spokane, the store is establishing its place as a family favorite for the budget minded and quality shopper alike. It’s convenient to neighborhoods of homeowners and apartment complexes for young families in a growing part of the city. The well-trained staff pleasantly greet and serve new and returning customers, and keep the over 5,000 Facebook followers and over 4,500 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.”

The store has 5,152 square feet with the storefront facing a major commercial road and a lease in effect until January 2026. 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, near major stores including Target, Carters, Plato’s Closet, Walmart and smaller mom-and-pop shops and mid-size enterprises. The road is dotted with fast food and coffee stops, with a large, popular park just a few blocks down. The Northtown Mall is 3 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

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
5,152
Lease Expiration:
1/31/2026
Employees:
3FT, 8PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The store is located on N Division St. which is the major (7 lanes) north/south arterial thru Spokane. The store takes up 3 of the 4 suites in the fully occupied center. The center is managed by NAI Black and is clean and attractive. The center and parking area is in good shape and there is more than ample parking for customers in front of the center. The retail suite is in outstanding shape in accordance with the Gold Seal rating from the franchisor. Currently in the 3rd year of both the franchise agreement and lease. 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:
Multi-Unit Owner retiring
Business Website:
http://www.onceuponachildnorthwest.com
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(from currently available funds)
 
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Pete First

Business Listed By:
Cat Eckstaedt

Winmark Corporation

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