Consignment Mall with Real Estate North GA
This well-established retail vendor mall destination has become a prominent fixture in its North Georgia community, consistently earning local accolades for its offerings. The business functions as a multi-vendor marketplace, featuring a diverse and constantly evolving selection of unique home furnishings, decorative items, and vintage treasures across approximately 9,400 square feet. A significant strength lies in its robust social media presence, with a substantial following that actively engages with daily posts and drives sales. The company benefits from a loyal vendor base with an average tenure of eight years, contributing to a curated shopping experience. An ownership change has resulted in a notable increase in financial growth, with revenues rising from $400,000 to $1.5 million. The business model emphasizes active floor engagement and strong customer service from experienced staff and vendors, which also helps deter shoplifting and encourages additional sales.
The business presents opportunities for further growth through expanded social media strategies, including live sales events and exploring new platforms. While the primary showroom is climate-controlled, approximately 75% of the building, which is used for warehousing, is not air-conditioned, a factor that customers have consistently accepted. The operation requires a hands-on owner with a focus on leadership, staff and vendor support, visual merchandising, social media marketing, and customer service. The role also involves physically demanding tasks such as lifting and loading furniture. The business experiences seasonal fluctuations, with the fourth quarter typically yielding the highest revenue and summer months reflecting a slowdown.
Financials (USD)
Asking Price $899,000
Cash Flow $120,942
Sales $1,593,938
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? No
Management will stay? Yes
Relocatable? No
Real Estate? Yes
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