Asking Price: $350,000Sold

Launched in 2013, this new and pre-owned luxury goods business has established itself across multiple sales channels. With 25% year-over-year growth in gross revenue, it’s clear that the current climate has not had a detrimental effect on this niche. While there has been a surge in the fashion industry overall, the sustainability aspect of purchasing pre-owned goods is also contributing to the growth in this space.

By increasing advertising to find new consignors, revenue can be grown without investing in additional inventory. However, inventory can also be purchased for resale via established relationships with vendors, stores, and 3rd party wholesalers.

The use of an authentication service allows for certainty in the quality of every item sold, without having to be an expert in luxury goods. Extensive fashion knowledge is not necessary as the owner will be happy to provide the resources used for researching and setting the sale price for items in all categories.

All inventory is currently located in a secure facility in Boston but can be transferred to a new location if needed. Though the current owner has a passion for fashion, his focus on a new field has led to this sale.