Resale/Consignment Store Has What Shoppers Want

Pinellas County, FL
listing image
Asking Price:$135,000
Gross Revenue:$209,936
Established Year:1975
Cash Flow:$65,608
FF&E:$19,024
BUSINESS DESCRIPTION

Do you consider yourself a smart shopper? In this business you select the right clothes, the right shoes, the perfect purse and accessories...that everyone will want. This resale/consignment store is selective on what merchandise to accept for the store. This is a great business model; the owner pays nothing for inventory and simply takes their margin when the product sells. Because of the respectful reputation of this store, which has been in this location for decades, an abundance of loyal customers supply a steady stream of product. In retail the location is key, this is located in a prime area for retail stores and an average of over 41,000 cars drive by daily according to FDOT. As the Wall St Journal recently stated, "thrifting is in vogue, and everybody's looking for a good deal these days". This business provides good deals.


DETAILED INFORMATION
Location
Pinellas County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,700
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Boutique is well located in a large strip shopping center with anther 22 retail businesses. The FDOT traffic count is an average of 41,000 cars drive by per day. This is a premium location for retail. The Boutique is in a comfortable 2,700 square feet with large windows. The Boutique has good signage.
Competition
There is ample competition nearby, this is a prime area for retail and that draws customers to the location. This store has been in business for more than 20 years at this location, so it has a loyal following. Every year the store wins awards as one of the Best Antique/Consignment & Resale stores in the entire county.
Growth & Expansion
The Wall St Journal recently stated, "secondhand apparel retail is a booming business...". This store has turned a profit every year for decades. But the owner admittedly is not utilizing any current marketing strategies, such as social media, although the store has great online reviews. So this is a great starting point for someone to grow the business by simply spreading the word about the good deals available at this store.
Support & Training
Will train for 2 weeks @ $0 cost.
Reason for Selling
After more than 20 years of running the store, time to take a break.
Report an Issue with this listing
profile-img
Mark
Purtee
logo-img
Mark Purtee