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Listing ID: 2795225

Great Family Sporting Good Consignment Business For Sale

King, Washington, United States

$ 99,000

(Furniture / Fixtures included)

Revenue: $ 195,421

Cash Flow: $ 56,064

Business Description

This is an opportunity to take over a turnkey business in one of the growing retail/resale segments, consignment sporting goods, clothing and accessories. With kids constantly growing it is a challenge for families to keep up. Offering a wide variety of new and gently used sports gear, this business provides customers quality service and selection at a considerable savings. The store has now entered its 5th year of business and is a destination for sporting families around Puget Sound.

Property Details

Years Established:

5

Property Type:

Lease

FF&E:

$ 10,258

Inventory Value:

$ 37,949

Other Details

Business Location:

The store is situated on the street level of a mixed use building. Located on a main retail street with lots of foot and vehicle traffic, there is on street parking in front of the store and within a half a block or so. The store is 1237 sq ft of retail space and 225 sq ft of storage/staging area. The well organized space displays the used clothing, gear and accessories as well as an inventory of new shoes, bikes and accessories for ease of shopping. There is a 3 year lease at $3033/month including triple nets and a 3% annual increase in rent.

Competition:

The nearest competition to the store is over eight miles away. The resale industry has consistently demonstrated strong growth on average 7% a year. The store has exceeded the national average with 10% increase in sales per year. According to Dunn & Bradstreet, resale sales generate $17 billion annual revenues. 15% of Americans shop at resale store each year compared to 11% at outlet malls, 20% in apparel stores and approximately 21% at major department stores.

Expansion Potential:

The 10% growth can be boosted with a strong emphasis in marketing, social media, expanding the online store and creating more business alliances with retail sporting goods stores shedding old stock.

Operation Details

Employees:

3 PT

Trading Hours:

Mon-Sat 10am-6pm; Sun 11am-5pm

Support & Training:

Will train for 2 weeks @ no cost. The store carries a range of major brands, sizes and styles. In addition to used items in great condition, the store has new popular shoes, accessories and electric bikes. Knowledge of retail operations, brands, pricing, basic computer and accounting skills, management and customer service would be advantageous in running this business.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Change in family situation.

Contact this seller

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