Profitable Franchise Resale Clothing Store

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Seller:Sarah Gudema Grossman

Location:Not Disclosed

Listing Num:535810715

Industry:Retail: Clothing & Accessories

Asking Price:$199,000

Year Est.:2003

Employees:12

Yearly Revenue:$536,000

Yearly Cash Flow:$96,000

Yearly EBITDA:$NA

Yearly Net Profit:Not Disclosed

Yearly Gross Income:$NA

Monthly Payroll:Not Disclosed

Total Debt:Not Disclosed

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Reason for Selling:

Owner wants to focus on his other business.

Overview of the Business:

A highly profitable franchise new and used clothing and accessories store is available for sale. This business provides high quality clothing at low prices, fulfilling an important need, especially in the current economic climate. Resale clothing stores have been growing in popularity. 2010 sales were $536,000 with a seller's discretionary income of $96,000 for a full time working owner and $65,000 for an absentee owner. The business is located on a highly trafficked road in Middlesex County. They have built up a loyal clientele of merchandise sellers over the years which frequent the store to sell their used clothing. This is a more ideal situation than consignment since sellers get monetary compensation for their goods immediately. This store has been popular among buyers for their high-quality clothing at low prices and exceptional customer service. The business model for this store makes it highly profitable for a single owner operator or a couple. The franchisor has a positive system in place to assist the franchisee with owner/employee training, marketing and sales. The location also has a long-term lease in place with reasonable rent. For more information on this business download and submit the attached NDA. BayState Business Brokers http://www.mabusinessbrokers.com

Property Features and Assets:

2,600 sq. ft. of showroom space plus office and storage space Lease: Rent is $4,400 per month plus NNN. There is a large parking lot in front for customers. The landlord will negotiate a new lease with the buyer.

Market Competition and Expansion:

An owner can continue to expand the business in a few significant ways. An owner can expand their internet presence with more ads or joining other social marketing sites such as Twitter where they can promote special events and discounts. A new owner can also expand the partnerships with local related businesses such as maternity clothing stores. Additional relationships with local daycares and elementary schools as well as non-profits that provide support to mothers could generate additional business.