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Profitable Franchise Resale Clothing Store
Location Massachusetts,United States
Asking Price Range < $250K
Gross Revenues $527000
Net Profit / Cash Flow $80000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training The owner will offer ample support and training for a smooth transition.
Reason for Sale Owner wants to focus on his other business.
Description ** UNDER AGREEMENT **
A highly profitable franchise new and used clothing and accessories store is available for sale. This business provides high quality clothing at low prices, fulfilling an important need, especially in the current economic climate. Resale clothing stores have been growing in popularity. 2011 sales were $527,000 and the seller's discretionary income was $80,000 for a full-time working owner and $48,500 for an absentee owner.
The business is located on a highly trafficked road in Middlesex County. They have built up a loyal clientele of merchandise sellers over the years which frequent the store to sell their used clothing. This is a more ideal situation than consignment since sellers get monetary compensation for their goods immediately. This store has been popular among buyers for their high-quality clothing at low prices and exceptional customer service.
The business model for this store makes it highly profitable for a single owner operator or a couple. The franchisor has a positive system in place to assist the franchisee with owner/employee training, marketing and sales. The location also has a long-term lease in place with reasonable rent.
The business is offered for $140,000 plus an estimated $25,000 in inventory.
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