Business Summary:
This well established, profitable consignment store consigning only high quality, name brand articles was started approximately 20 years ago. The current owner bought the company in 2006 and operates as a LLC. Consigning the high quality name brand items has proven successful as sales continue to increase. The consignments are mainly women’s clothing, shoes, handbags and jewelry. Other consignments include a small amount of household items. As the cost of retail items continue to increase, consumers are looking for ways to cut costs, more and more people are discovering they can control the cost of clothing needed for work, special occasions and families by shopping for gently used and sometimes even new items at a very reasonable price.
Most advertising is done through placement of ads in the local paper and radio. The current customer base consists of about 3,000 people within a 50 to 100 mile radius. The business employs 3 part-time people and the owner. There are over 1,700 consignors from 7 different states. The leased space is approximately 1,800 s.f. This consignment business in an excellent small business for ease of operations and promotions and sales. The product line not only serves customers but consignors as well. The business has developed and enjoys a strong customer base and expansion is very reasonable dependent upon a new buyer(s) desire.
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