Very Profitable Consignment Store

Summary Information

Internal ID:
Price:
Total Sales:

Seller Discretionary Earnings:

Industry:
Year Established:

Reason for Sale:
Listing Status:

FASHION3

$325,000

$1,009,766

$228,850

Retail
2007

True Retirement
Active

Summary

Description:

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. Your inquiry today is the first step to owning this business!

Competition:

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.

Growth and Expansion:

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

Location

Location:

Facilities Description:

Mecklenburg County, NC

This business is located in an extremely vibrant, busy strip mall. 100% of the facility's 7,200 sf is utilized.

Support and Training

Support and Training Comments:

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

Seller Financing

Seller Financing Comments:

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

LISTING BROKER

Joe Vagnone

Joe Vagnone
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607

Summary Information

Internal ID: FASHION3
Price: $325,000
Total Sales: $1,009,766

Seller Discretionary Earnings: $228,850

Industry: Retail
Year Established: 2007

Reason for Sale: True Retirement
Listing Status: Active

Summary

Description:

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. Your inquiry today is the first step to owning this business!

Competition:

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.


Growth and Expansion:

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

Location

Location: Mecklenburg County, NC

Facilities Description:

This business is located in an extremely vibrant, busy strip mall. 100% of the facility's 7,200 sf is utilized.

Support and Training

Support and Training Comments:

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

Seller Financing

Seller Financing Comments:

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

LISTING BROKER

Joe Vagnone

Joe Vagnone
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607