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Businesses For Sale > Business For Sale in Olmsted County, Minnesota (MN)
SE MN Children's Resale Retail for sale in Olmsted County, MN
Olmsted County, Minnesota (MN)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 140,000 |
$ 467,414 |
$ 68,100 |
Furniture and Fixtures Value:
$ 15,000 (included in the asking price)
Inventory Value:
$ 75,000 (included in the asking price)
Real Estate:
(not included in the asking price)
Business Summary:
Well established in its market, this business provides a place for families to sell and buy gently used children's, teens, and maternity clothing along with toys and baby equipment. For sale is a company that is 35 years old and has been run by the current owner for over 25 years. The seller is dedicated to a smooth ownership transition including a potential long-term transition plan. The company currently employs 4 full-time workers and 4 part-time workers. The business owner works about 40 hours per week, mostly buying and tagging products and doing accounting. A new owner should have a passion for families and an eye for what families are looking for in products clothing, toys, and baby equipment.All assets needed to run the business are included in the asking price, including furniture, fixtures, and equipment along with inventory. The real estate is owned by the seller and the seller is interested in leasing or selling the real estate with the business sale.
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| Year
Business was Established: 1986 |
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| Number of Employees:
4 FT/4 PT |
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| Facilities / Terms of Lease:
The current facilities are adequate to sustain current operations. Approximately 11,000 sq ft. Seller owns the buildings and is interested in leasing to the next business owner or selling the real estate with the business. |
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| Potential
Growth/Expansion:
Taking the time to list more items online could increase sales substantially without affecting current operations. Products sold online can receive 2-50x the sale price compared to selling in store alone. |
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| Competition:
The business has very little direct competition in the local area.
Used goods stores have experienced swelling revenue through most of the five years through the end of 2023. These stores have historically performed countercyclically to the overall economy, but as income levels and consumer confidence surged early during the current period, used good store revenue continued to climb. Revenue also swelled because of changing consumer and fashion trends, leading to an influx of demand from young consumers. Moreover, numerous social media outlets and TV shows dedicated to altering or selling used merchandise have become popular through the end of 2023, driving consumer demand for used goods stores' products. However, these stores experienced substantial challenges amid COVID-19, pushing down used good store revenue in 2020.
Overall, used good store revenue will strengthen at a CAGR of 4.6% to $28.7 billion through the end of 2023, including a 1.1% swell in 2023 alone. During the current period, the number of used goods stores has edged upward. Various for-profit used good stores have joined the industry after being drawn by the expanding popularity among individuals for exchanging used goods for cash. Alongside the entrance of these used goods stores, the average profit margin will inch upward during the current period. In turn, nonprofit companies have been working toward shifting pricing strategies. However, the pandemic resulted in the exit of many used goods stores unable to weather the temporary closure of nonessential businesses. However, used goods stores with online operations have been successful, boosting employment 1.4% in 2020. The number of establishments has, however, inched downward at a CAGR of 1.3% to 77,525 companies through the end of 2023.
Moving forward, used goods stores revenue will continue expanding at a CAGR of 1.7% to reach $31.3 billion through the end of 2028. External competition will, however, likely continue to swell as families with higher income levels seek out new, rather than used, items. However, in response to heightened competition, used goods stores will become more specialized, carving out niches in high-quality, low-priced used merchandise, like designer clothing or musical instruments. –IBIS World |
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| Owner
willing to finance:
Lender pre-screened with $14K down. |
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| Owner
willing to train:
Will train for 2 weeks @ $0 cost. |
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| Reason for selling:
Owner wishes to retire. |
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Seller Reference Number: 5106-18184
BusinessMart.com Listing Number: 306164 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Evelyn Correa
Murphy Business & Financial Services
727-725-7090
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