In this episode, we dive into the unique world of consignment stores and explore the dynamics of a profitable children's consignment business in Charlotte, North Carolina.
Business Listing - https://www.sunbeltnetwork.com/charlotte-nc/buy-a-business/listings/listing-details/charlotte-consignment-store-sale-56092/
This episode is sponsored by:
- Acquisition Lab: The premier resource for acquisition entrepreneurs. Get the support and resources you need to buy your dream business. Learn more at https://www.acquisitionlab.com.
- Learn about managing multiple businesses and more at Hold Co Conference 2025. Save 10% on your ticket with code AApod at HoldCoConference.com.
Join the hosts as they break down the ins and outs of a children's consignment store for sale in Charlotte, NC. With $425,000 in gross revenue and $190,000 in cash flow, this business offers strong margins and a unique model with no owned inventory. From exploring the store's operational challenges to assessing the potential for expansion, they discuss everything a potential buyer should consider, including systems, accounting, and the value of 8,000 consignors. The episode also touches on broader insights into the consignment industry and how businesses like this can thrive.
Key Highlights
- Unique Business Model: Retail without inventory risks; consignors provide items for sale.
- Strong Financials: $425,000 gross revenue, $190,000 net income, 40% margins.
- Key Challenges: Accounting complexities, reliance on systems for store credits, and potential liabilities.
- Growth Potential: Leveraging marketing, expanding categories, and maintaining a robust local presence.
- Considerations for Buyers: Importance of clean accounting, solid systems, and assessing lease stability.
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