Business Description

Unique opportunity to own a very exclusive consignment store. They only accept the finest luxury items. This store has been around for over 40 years. Well established with lots of repeat customers that have been shopping here for decades. Their reputation for quality merchandise is what really sets them apart and why they have lasted so long. Their clients know they are going to select from the top name brands in the fashion Industry.

Obviously the major benefit of consignment is you don’t pay for inventory and that’s what really sets this apart from other retailers. In addition, because the store has been established for so long, you get a store in a great location surrounded by some of the nicest neighborhoods in Memphis but the rent is well below market rate. That is another key factor to their long-term success.

The current owner is ready to retire and doesn’t have the energy to come to the store everyday but she will stay around as long as you need her to, to show you her process and introduce you to some of her best repeat customers. The key here is to only accept the highest quality merchandise so customers know what to expect when they walk in the store. If you have experience in digital and social media marketing there is a tremendous opportunity to exponentially grow this business.

Detailed Information

• Location: Tennessee
• Industries: Retail
• Detail inventory: Not Included in asking price
• Building SF: N/A
• Rent: 2100
• Lease Expiration: N/A
• Employees: 4
• Reason for Selling: Ready to retire.
• Seller Financing: No
• Established After Year: 1984