Nice Clothing Business For Sale New York
Revenue £Available on Request, Net Profit £Available on Request, Established 1992
Have an eye for men’s fashion? This is the men’s boutique shop for you! This business has been a well known source for discerning buyers of new, or nearly new men’s apparel for over 20 years. The store is located in a tony upscale neighborhood. The shop feature men’s designer clothing, including suits, jackets, pants, ties and accessories, sold on concession.
The beauty of the business model is it requires no cash outlay for inventory. The store can typically inventory over $200,000 in merchandise, all at no cost! Clients bring in merchandise they wish to sell on consignment. If management decides the clothing meets the store policy, an initial offering price is set by the store and agreed upon by the client. The client then signs a contact that stipulates that the store will reduce the price of the merchandise by 20% after 30 days and 50% after 60 days. After 90 days if the merchandise is unsold and unclaimed by the client, the merchandise becomes the property of the store. Many people simply leave the merchandise if it’s not sold after 90 days, lowering the stores cost of goods sold to less than 50%. The owner works part time at the store, only typically working Monday through Thursday, with weekends off.
The owner has a "hand picked" staff, carefully chosen for their ability to deal with customers who can be demanding and have a high fashion consciousness. They are expected to remain with the store after the sale.
The owner has reached retirement age and essentially works part time managing the store, typically working only Monday through Thursday weekly.