Listing ID: 79506
Established since 2001, This Consignment Shop specializes in Ladies and Men’s Apparel, Shoes, Designer Handbags, Jewelry, and Eclectic Home Decor. They typically add over 500 new items to the store every week and provide shoppers with a broad assortment of ever changing inventory. Their sales associates are very knowledgeable with all the inventory and assist shoppers with finding the right items to fit their needs. They have a large data base of thousands of consigners that find this a better way to sell their unwanted designer clothing and gifts. Don’t Miss This Opportunity! Seller Financing is available! Please refer to listing 7301879748, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $320,000
- Cash Flow: $48,283
- Gross Revenue: $346,171
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 6,902 Square Footage: 2,500 Building Type: Plaza Terms & Options: 5 Year Option Expiration Date: 1/1/2026
2 weeks training at no cost
Non Compete : Miles: 20 Years: 2
The business was founded in 2001, making the business 21 years old.
The transaction doesn't include inventory valued at $5,000*, which ins't included in the asking price.
The business has 9 employees and resides in a building with approx. square footage of 2,500 sq ft.
The property is leased by the company for $6,902 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. However, the real reason vs the one they tell you may be 2 completely different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of other factors. This is why it is extremely crucial that you not rely absolutely on a vendor's word, however instead, make use of the vendor's answer combined with your overall due diligence. This will paint a much more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that earnings margins are too thin. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new customers? Often times, businesses have repeat customers, which create the core of their everyday profits. Certain elements such as new competition sprouting up around the location, roadway construction, as well as staff turn over can affect repeat clients and also adversely impact future profits. One essential point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning client base. A last idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Just how might the regional median family income influence future revenue potential?