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Successful Consignment Shop

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $67000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1985
Number of Employees  1 - 3
Inventory  10000 Equipment & 25000 Inventory
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The owner will remain post closing and supply an appropriate transitional period.
Reason for Sale  Alternative company out of this area.

Description  
Most unusual business opportunity to own this long standing and very well-known clothing consignment business located on an active county road is Sussex County, New Jersey. The owner is retiring and has priced the business based on the wholesale value of the inventory. The shop consists of two floors, approximately 2,000 square feet. The facility has an attractive quaint image resulting in an exciting shopping experience for their customers. A consignment retail store obtains its new or used products from various sources, at no cost and under a contract agreement. If the items sells within ninety days the profit is shared between the both parties. After ninety days the consignment shop owner will own the item to sell retail and keep the profits. This particular business industry routinely has no employees. The business has an assignable commercial lease which expires 2018-01-01 plus additional options, with a monthly rent of $1,600 and rent security $1,600. The sale includes, numerous types of shelving, displays, POS system, tables, computers, accounting software, including necessary equipment to maintain the day to day operation. The facility has appropriate private parking on site as part of the commercial lease. The business is active five days per week, with hours from 11:00 am to 8:00 PM. The sale includes a certificate of occupancy from the particular municipality. The seller will allow the buyer to maintain the inventory with a modest payment plan. With the correct relationships and an effective marketing system many consignment shops obtains a substantial and profitable return. Based on the asking price, required down payment and yearly net income, this business expect to supply a 25% investment return to the owner operator.


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