That’s what one potential shopkeeper wanted to know the other day. It’s a common misconception. Those looking at the business from the outside in, thin
k They get all their stock for free so what’s the big deal about starting a consignment shop?
Yes, it totally possible for a consignment shop to go bankrupt. Sometimes they seem to go belly-up overnight. Even donation-only not-for-profit thrift shops can fail. And the rate of failure for buy-outright (BOR) resale shops is astronomical.
So before you decide you want to start a consignment shop, open a resale shop, or even organize a thrift for your favorite charity, read this. Even if you are successful (more…)
Auntie Kate The Resale Expert 