SOLD! Consignment store-very classy and in a great location

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Consignment store-very classy and in a great location.

Established 21 years and located in a great Twin Cities neighborhood. The owner has decided to retire.

Gross sales about $238,000 in 2015 and the store is very profitable. The owner’s role includes scheduling and daily books. She works about 20 hours per week. Cash Flow to the owner in 2015 was about $80,000.

There are six part time employees. The store is open 7 days per week…

The business leases its 3800 square feet; the lease is a month to month lease at the present time. The landlord is willing to work with the new owner. The store is very attractive and there is ample parking.

The store is well known in the Twin Cities-customers come from both cities and the suburbs. High end-name brand apparel from approximately 3,500 consignors (throughout the year).

The store is for sale for $195,000. The sale includes about $20,000 in store furniture, fixtures and equipment. The owner purchases accessories at a value approximately $3,000 (at cost). This is not included in purchase price.

 

SOLD! New Lower Price! Beautiful well-established professional hair salon.

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TYPE OF BUSINESS: This beautiful well-established professional hair salon has been successful for over 24 years! They offer complete Hair Services and related services including waxing, tanning, nails and retail products with numerous packages under each service. The owner offers a web-site for their client’s to review the services and products provided. New software is in place with support and the ability to monitor the existing inventory. Owner looking to stay on part-time to maintain her loyal customers. Hours are Tuesday – Thursday 9:00a.m. to 8:00p.m., Friday 9:00a.m. – 5:00p.m., Saturday 8:00 a.m. to 4:00 p.m., Sunday and Monday closed.

Potential increase in profits by opening later on Friday and Saturday, open on Sunday and Monday.

 

 

FACILITY: The owner operates the business from a 1,500 square foot facility. The lease payment is $2,308 (includes CAM) per month. The owner has designed the space to create a soft and quiet setting for the clients.

 

EMPLOYEES: The business operates with 1 full-time and 4 part-time employees. All personnel are paid employees and do not rent stations.

 

GROSS SALES: 2014 – $143,275; 2013 – $141,251; 2012 – $147,862; Cash Flow in 2014 was $37,350.  The seller manages the business and makes an additional income from styling hair.

 

SALES PRICE: The seller is asking $26,000 for the business which includes $17,500 in equipment and $1,000 in inventory.

 

REASON FOR SALE: Retire, spend more time with family.