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Very Profitable Consignment Store Motivated Seller For Sale

Mecklenburg County, North Carolina, US
Asking Price:
$325,000 Furniture / Fixtures included
Sales Revenue:
$1,009,766
Cash Flow:
$228,850

A very profitable consignment store in the heart of Lake Norman, this business is a well-run business that has enjoyed significant growth every year since opening it doors in 2007.

Distinguishing itself from area competition, this store is one of the largest in the area, selling both men’s and women’s shoes, clothing and accessories – all name brands, consisting of mall department brands and above. The business carries items for teens up to seniors, with a core market to 30-60-year-olds.

A leader in the community, in a prime location, this business has seen significant growth of the online business despite the on-going pandemic. Sales increased by approximately 40% in 2021 from 2020 and continue on an upward trend. Your inquiry today is the first step to owning this business!

Property Information

Real Estate:

Lease

Leasehold Rent:

$11,619 per annum

Location:

This business is located in an extremely vibrant, busy strip mall.

Premises Details:

100% of the facility's 7,200 sf is utilized.

Business Operation

Expansion Potential:

The growth potential of this business is substantial with a new owner willing to invest more into e-commerce and digital marketing.

Competition / Market:

Although there are many competitors in the market area, this business distinguishes itself on the basis of service, being price competitive, selling superior designer merchandise, and the store environment - this store has a welcoming "boutique" feel.

Reasons for selling:

Seller is retiring.

Trading hours:

Mon–Thu & Sat 10 am – 6 pm, Fri 10 am – 7 pm, Sun 12 – 5 pm

Employees:
20
Years established:
2007

Other Information

Support & training:

Seller will train a new owner. Length of time and salary required are negotiable.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner will consider aggressive financing to the right, qualified buyer.

Relocatable:
This business can be relocated.

Contact Enlign Business Brokers

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