Business Summary:
A highly profitable 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 and 2009 is positioned to be their most profitable year yet! 2008 sales were $450,000 and the seller’s discretionary income was nearly $120,000. 2009 sales are up over 2008.
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 location also has a long-term lease in place with reasonable rent.
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| Year
Business was Established: 1993 |
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| Number of Employees:
7 |
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| Facilities / Terms of Lease:
1,350 square feet of showroom space plus 700 square feet of storage
Lease: Rent is $3,100 per month plus NNN. The landlord will negotiate a new lease with the buyer. |
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| Potential
Growth/Expansion:
A new owner can definitely increase marketing to draw more clients to the store. The business has very little Internet presence and a new owner should use search engine marketing on Google and Yahoo to generate more business. They can also take advantage of the large client database with direct mailings and in-store promotional events. A savvy owner could also use popular social marketing sites, such as Facebook and Twitter to generate buzz for the store and alert current and potential clients about sales on popular items. |
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| Owner
willing to train:
The owner will offer ample support and training for a smooth transition. |
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| Reason for selling:
Owner wants to retire |
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Seller Reference Number: 1227
BusinessMart.com Listing Number: 72531 |
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