I have always been a fan of consignment stores. Whether buying or selling clothing or furniture, consignment is a great way to recoup some of what you spent on items that you no longer need. I recently redecorated my own kitchen and living room. I sold my former kitchen set on consignment in less than a week, and I was quite pleased at the hefty $600 sales price the store yielded for me. I then put these proceeds toward my new set. Even though the store retains fifty percent of the sales proceeds, it was a much easier task versus selling it on my own online or at a yard sale. Not to mention, the consignment store produced a much higher price that I could have sold it for on my own.
Consign on a Dime, now located at 19207 W Catawba Avenue, first started their business in a small commercial zoned house on the east side of town. Business partners and owners, Sandra Getts and Tamara Mullis, met while employed at the former Tea House in Cornelius. They shared a mutual passion for bargain shopping and were both unemployed once The Tea House shut its doors. Their friendship continued outside the work place when they would meet for breakfast and shop various resale and consignment stores throughout Lake Norman and Charlotte. It didn’t take them long before they took a calculated risk to start their own consignment store in Cornelius, and I must say their business is thriving.
Items accepted for consignment must be in good or excellent condition. The store sells everything from lighting to furniture to accessories for your home or office. As I mentioned earlier, the store keeps fifty percent commission on all items they sell, and prices get marked down after a certain number of weeks on the floor without selling. Pricing is determined on information provided by the consignor, online research, and general selling trends in the store.
The store attracts consignors from all over the region and all different age groups. Co-owner Sandra Getts is surprised by the number of male shoppers that frequent the store. Their consignors are downsizing, combining households, moving out of state, or just redecorating in general. Consignors are drawn to the notion that they get to recoup some of the cost of the item that they are selling. Shoppers are drawn to the store by the variety of “gently used” and unique merchandise with a reasonable price. Another selling feature the store has implemented is a 24-hour approval policy where customers can return items within twenty-four hours if a particular item doesn’t work in their home.
The next time you are in the market to find that “one of a kind” item to finish of the look of your redesign, consider visiting a consignment or resale store in your area. These stores offer a variety of quality merchandise for a good price and inventory is always changing. If you are looking to offset the cost of your redesign or remodel, talk to the local consignment shop about consigning your existing furniture and accessories.