The Opportunity of Opening a Second Hand Boutique Based on Trend

THE OPPORTUNITY OF OPENING A SECOND HAND BOUTIQUE

Executive summary

The main issue for Bulgarian economy over the last couple of years has been the impact global financial and economic crisis. This negative trend brings on the agenda the new business opportunity of opening a second hand boutique since second hand boutique clothing may be the perfect solution for women who want to be stylish without spending too much money on clothing.

The second hand business is thriving due to the fact that the majority of the population can barely survive with the low incomes, but they still prefer to wear fashionable clothes. In spite of the prejudices that only poor people buy second hand clothes, Bulgarians (especially women) tend to buy quality second hand clothes instead of the cheap Chinese and Turkish alternatives. However, very few of the second hand stores provide quality clothes which creates a certain niche in the market.

Opening second hand clothing store does not require a big investment, as 1 kg of first-quality clothes is worth only 14 levs. Finding such clothes is not difficult as the licensed firms who can import second hand clothing in Bulgaria are 74[1]. The option of enabling women to sell their designer clothes on a commission up to 50 per cent will probably contribute to the profit of such business as it is more likely Bulgarian women to buy clothes with known origin. Although this option will be mutually beneficial for the seller and the commissioner, strict rules for such bargains need to be developed in order this trade to comply with the current legislation.

CONTENTS

1.Introduction ………………………………………………………...1

2.Second-hand boutique clothing – a new and exciting business opportunity…………………………………………………………….1

2.1. Future projection of second hand clothing trends in Bulgaria...4

2.2. Evaluation of the business opportunity………………………….4

3. Conclusions…………………………………………………………..6

References ……………………………………………………………...7

1. Introduction

The...