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High-End Couture Consignment Boutique – Fantastic Opportunity!
North CarolinaListing DetailsOffice ID: FASHION2
Status: Sold
Listing Broker: Joe Vagnone
Listing Price: $85,000
Gross Revenue: $227,700
FF&E Included: Yes
Sale Price: $25,000
Sales Structure: Asset Sale
Seller Financing: Yes
Seller will consider some financing to the right, qualified buyer.
Reason for Sale:
Owner is moving out of the area, and is pursuing other interests.
Owner is willing to train a new owner to ensure continued success of the business.  Length of time is negotiable.
OperationsYear Established: 2015
Form of Ownership: LLC
Employees (part-time): 4
Managers: 1
Business Hours: Monday – Saturday 10 a.m. – 6:00 p.m., Closed Sunday
Business Description:
A luxury focused consignment store located in the heart of Charlotte, NC in beautiful Ballantyne Village, this profitable, well-run business has enjoyed significant growth every year since opening in 2015. Online sales growth has increased year over year and is currently 8%% of total revenue. This business enjoys a wonderful reputation in the business community as a brick-and-mortar retail establishment with a strong online presence. Distinguishing itself from area competition, this store is luxury brand focused, focusing on Nordstrom Department store brands for women, offering luxury goods for up to 70%% off. Inventory is comprised of clothing, shoes and accessories for women. Offering a unique, personalized concierge service approach to sourcing the best product, this store is operated by knowledgeable and stylish staff with 12 years of experience in the resale industry. *One in three women shopped secondhand last year, and the apparel market is almost 50%% of the resale pie nationwide. Approximately 44 million women shopped secondhand in 2017 compared to 35 million in 2016. Don't miss this unique opportunity to capitalize on one of the nation’s fastest growing industries!

Historical Summary:
Founded by the current owner in 2015, this business has enjoyed steady growth.
Owner Qualifications:
Basic Business Management:  P&L Review, marketing, business planning, purchasing, knowledge of fashion, and various online selling strategies.
With three main competitors in the market area, this business distinguishes itself in the areas of superior service and competitive pricing.
Potential Growth:
A new owner could enjoy significant growth by investing a lot more in ecommerce to expand ecomm sales, and seek regional opportunities to host monthly or seasonal pop-ups.
LocationType of Location: Strip Center
Lease Expires: Apr 1, 2020
Option: Renewable
Monthly Rent: $4,353
Square Footage: 1800

This store is located in a developing strip center in beautiful Ballantyne Village.

Last Updated: Nov 27, 2019 / 12:42 PM
Financial Information Current As Of: Mar 1, 2019 / 11:38 AM