FURNITURE & DECOR CONSIGNMENT SHOPS
Hilton Head Island & Bluffton, Beaufort County, South Carolina
ASKING PRICE $ 179,500 plus Inventories
FINANCIALS
Gross Income:
$578,000 Cash Flow: $69,500 Furniture, Fixtures & Equipment: $7,500 |
Inventory: $7,500 see below for details. Facilities: This offering has 2 locations, please see below for details. Established: 1990 |
Employees:
Total of 5: 1 full time owner, 2 part-time owners, 2 additional part-time staff members |
BUSINESS DESCRIPTION
Family owned and operated quality furniture and décor consignment shop with 2 locations, successfully operated for 31 years. This is a “pure” consignment shop, which means no purchasing new from manufacturers, all inventory is consignment (see below for complete inventory explanation). The sellers are excited to pass along 31 years of experience in the industry to the buyer. Great relationship with area designers, many repeat customers. The Hilton Head Island/Bluffton area presents a unique opportunity to consign high quality furniture and décor due to the region’s strong demographics.
DETAILED INFORMATION
Inventory:
Each store is filled with tastefully displayed Consignment Inventory,, which is added to on a nearly daily basis. There is no upcharge for this consignment inventory because it remains the property of the consignee (the individual for whom the items have been picked to sell on the consignee’s behalf. The “upcharge” inventory consists of an estimated $7,000 of expired term consignment items, and an estimated $500 of supplies. Furniture, Fixtures & Equipment: Fully turnkey with new POS system including the pickup/delivery truck. Facilities: The Hilton Head Island Store, consisting of 4,752 SF of showroom and storage space, with plenty of off-street parking. Lease payment of $5,000/month, NNN, 5-year lease (Seller is also the Landlord) The seller is also offering an option to purchase the real estate, with an |
offering an option to purchase the real estate, with an asking price of $650,000.
The Bluffton Store, consisting of 12,080 SF of showroom and storage space, Month to Month Lease Basis, at $5,500/month. Great landlord, easy to work with. Competition: Normal competitive environment. The COVID shutdown has significantly reduced the region’s competition, again demonstrating the stability of these long-established consignment stores. Growth & Expansion: The development of an online website/store in addition to the existing Facebook pages. |
Owner Financing:
Some owner financing may be available to a qualified buyer. Support & Training: The seller will provide support and training as needed. Length of term is open to discussion. Reason for Selling: Retirement |