Description

Successful Children’s Consignment Shop located in Morris County, New Jersey. This consignment shop offers clothing and other items at a deeply discounted price. Customers generally will pay .25 to .33 cents on the dollar versus their original cost retail shore prices. At a consignment shop, the person who originally brought in the consignment item retains title to the item during the consignment period which is generally 60 to 90 days. If the item does not sell, the owner may be able to reclaim it in some cases, or the seller can dispose of the item at the store’s discretion. The consignee, or the seller, pays the consignor, the person who owns the item, a percentage of the proceeds from the sale when the item sells. This particular boutique offers designer children's clothing and they specialize in offering new brand name apparel for children (sizes infant to 10) and a wide selection of shoes, toys, games, and baby gear. From infants and toddlers to junior girls and boys, we have the right outfit at a deep discount. Whether you are looking for clothes for playtime or a formal occasion, you are sure to find something. The sale includes various displays, POS system, marketing accessories, seasonal decorations, including various equipment required for this particular industry. The building has a legal capacity for 40 customers, 1,350 sq ft, on one main floor. Due to the limited hours, this retail business does not require employees, however by increasing the business hours one part time employee will be required. The sale includes a three year commercial lease with a monthly rent payment of $2,000. The facility has substantial municipal parking nearby and at the site. The business is operational five days weekly, closed Sunday & Monday with hours from 10:00 am to 4:00 pm. The business has a municipal Certificate of Occupancy conduct business at this location. This is a wonderful opportunity with continued growth opportunity. Based on the asking price, required down payment and net income this business should supply a 15% return to the owner operator prior to debt service. The business gross yearly income is $100,000 and a yearly net income of $20,000.00. The asking price is $69,000 and financing has been preliminary approved to qualified buyer. This sale is confidential all viewings are by appointment only, photo may not represent this particular business.

Financial Summary

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