Established, Profitable Consignment Shop with Tons of Potential - Bonners Ferry, ID (Boundary County)

Description

Business Description Successful clothing store in prime downtown location This amazing consignment shop has been a staple of Bonners Ferry since 2010. Purchased by its current owners in 2017, it fills the need of a “family department store” in North Idaho. With almost 3500 square feet in a consistent and reliable lease, this business consistently serves the families in Bonner, Boundary, and Kootenai counties, as well as Lincoln county in Montana and tourists to and from Canada, just 20 minutes north. In the past eight years, the sales in the little downtown store have grown by over 400%. Despite weathering the economy, the 2020 shutdown and the extended border closure into 2022, continued to thrive. This store continues to remain an anchor store in its same central location in downtown Bonners Ferry, serving over 1200 active consignors and thousands of local customers, plus being a favorite spot for tourists year-round. currently has over 1,000 email subscribers, 1.3K Facebook followers, and over 330 followers on Instagram. With this rapidly growing social network, established SEO and regular 5-star Google reviews, this business is poised to reach new levels of sales and profit in 2025. Location: Bonners Ferry, ID Inventory: $211,000 Included in asking price Real Estate: Leased Building SF: 3,455 Lease Expiration: 8/31/2030 Furniture, Fixtures, & Equipment (FF&E): $10,600 Included in asking price Facilities: Business is organized and well-established with a huge local following and tons of room to grow through increased marketing and the potential for online sales. Building location is secure on historic downtown main street. Competition: The business is in a prime location with a few other clothing stores in town, but none that are direct competition. The competition that does exist is healthy and provides opportunities for growth. Growth & Expansion: Lots of growth potential through improved curation of high-end brands, marketing of fashion trends, and potential online sales. The business is stable and strong, but definitely has room for improvement for a knowledgeable buyer. Financing: limited owner financing available for discussion Support & Training: owner will provide up to 60 days of on-site training and up to 60 additional days of consultation as needed. Reason for Selling: After eight years, we as the owners feel that the growing potential can be mined

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