2 Upscale Consignment Shops
Location Ohio,United States
Asking Price Range < $250K
Gross Revenues $360000
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 1 - 3
Inventory 2500
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes
Reason for Sale Sellers are moving out of town.
Description These are two 3,000 square foot upscale and professionally operated consignment stores that are owned by a meticulous owner. They are located about 15 minutes apart and are about 15 minutes from downtown Cincinnati. Established over 4 years ago, sales have been growing consistently and 2012 sales are on course to be 20% ahead of 2011. They utilize a sophisticated point of sale software that maintains and develops their over 4,000 client database. These stores have a department store feel to them. They are not thrift stores, but cater to upscale clients. They are known for their name brands of men's and women's clothing and carry the latest fashions from some of the world's top designers. In addition, they also sell home accessories and furnishings. Clothing accessories such as handbags, scarves, belts, and jewelry are sold as well. Resale/consignment is a multi-billion dollar a year industry. Resale remains healthy and continues to be one of the fastest growing segments of retail. About 16-18% of Americans will shop at a consignment/resale shop during a given year. Ssking price is $115,000. Call Dan Long at 513/315-3006.
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