Consignment Business for Sale | Commercial Offices

Consignment Business: 20+ years with strong margins, expansion plays

Business Details

Price: $450,000

Gross Revenue: $450,000

EBITDA: $197,000 (Adjusted EBITDA, exclude rent)

Real Estate: $1,100,000 (Not included in asking price)

Years in Business: 24

Transition: Retirement

Over 20 years in business – strong margins. No working capital investment. Make money day 1. Repeat customers and many ways to grow this business. Excellent 4.2 google rating. Great location on a busy street with excellent visibility. The owners have strong processes and software systems in place that make this easy to run! Low labor model. No inventory investment and great cash flow. The $450,000 price does not include the real estate – 8,660 sf storefront on well-traveled street and excellent visibility. The owners wish to sell the real estate with the business, separately valued at $1,100,000. Great candidate for SBA financing. Owners wish to retire and will train.

Location: Cuyahoga County, OH
Real Estate: Owned (Not included in asking price)
Employees: 4
Facilities: Owners wish to sell real estate with the business – 8,633 sf building on busy street with high visibility and ample parking.
Competition: This business is much stronger than its competition. The store is clean and well organized. Customer traffic is strong and they have many repeat customers. Excellent software program makes the business easy to run. Consignment industry is growing and performs well in any environment. Many ways to grow this business!
Growth & Expansion: The existing store can handle at least 50% more sales volume. An aggressive owner should open up additional locations.
Support & Training: Owners will provide training.
Reason for Selling: Enjoyed 20 years of profitable operations and it is time to retire.

Contact Your Hanna Business Advisor:

Jim Myers

216.314.6159

JimMyers@HannaBB.com

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