Is owning a consignment shop a profitable business?

Kid's Closet Connection is a semi-annual consignment sale event. We hold seasonal sales at a rented venue twice a year. This one in particular is held at Ramada in St. Joseph, Missouri once in the Spring and once in the Fall. read more

Owning a consignment store certainly can be a profitable business, if the owner has a clear view of their target market, the items they wish to sell and what items can be sold at an attractive rate. The NARTS Operating Survey 2015 NARTS: The Association of Resale Professionals has some great market info, including profitability, revenue and market trends. read more

Start up costs for a consignment store range from $2,000 to $10,000, according to Entrepreneur. Items needed to start a retail business include a cash register, printer, display racks, cases and shelving, sales software and a storefront space that is traditionally rented or leased. read more

A furniture shop always benefits by having a solid relationship with a moving company. To learn more about partnering with other shops in your community, read Pros and Cons of Teaming Up with Other Resale Shops. Think outside the resale box. To become a truly successful consignment business, look for every available opportunity to build your vision. read more