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CONSIGNMENT FAQ's

To help you better understand the ins and outs of consignment we are posting the most common questions we get. Feel free to call us for additional information.

 


Q:    What does "consignment" mean?

A:    From Wikipedia: "Consignment shop" is an American English term for second-hand stores that offer used goods at a lower cost than new. Many offer new items as well. In the context of sale, it is usually understood that the consignee (the seller) pays the consignor (the person who owns the item) a portion of the proceeds from the sale. Payment is not made until and unless the item actually sells. A contracted period of time is commonly arranged, after which time if the item does not sell, the owner can reclaim the item  (if not reclaimed within a period of time, the merchandise consigned becomes property of the CONSIGNEE).


Q:  How do I get paid when you sell my item for me?

A:  Commission checks will be written when the consignor accrues a balance over $10.00.They will be available for the prior month’s sales on the 20th of each month in the shop. Checks not picked up at the store will automatically mailed on the 30th of each month. After 180 days, inactive accounts balances will become the property of TDC. All accounts that remain inactive for 180 days will be closed.


Q:   How long do you keep my items? and when do I get them back if they don't sell?

A:   We sign a contract for 120 days.  It is YOUR responsibility to remember when your contract ends.  You have a 10 day grace period to contact us and make arrangements for pick up.  We require a 48 hour notice for pick up.  If you fail to contact us within that 10 day grace period and let your contract expire, your merchandise then becomes the property of TeeDee Company.  No exceptions will be made.


Q:   How long have you guys been around?

A:   We have been proudly serving the Kitsap Peninsula for over 7 years.  We are also proud to be a "Green Business".  The whole concept of TeeDee Company is Reduce, Reuse, Recycle !!! 


Q:    How do you decide on pricing for the items I bring in?

A:   Lisa and Victoria have over 40 years of combined retail experience.  We use our experience, combined with our knowledge in the prevailing market, to establish pricing.  Having been relevant in the "Kitsap market" over the past seven years, we feel we have a solid grasp of what is selling, and for the range we think we can command for your items.  We welcome any original purchase information as well.  Date of purchase, manufacturer, or any other information you can give us can also add to the value of the item.  As a guide, for contemporary merchandise, please be aware that you can expect 50%-75% minimum for a re-sale price.   When pricing vintage and antique items, we welcome all the stories that come with them when determining a re-sale price.


Q:   How do I get my own account started with TeeDee Company?

A:   If you are looking to consign furniture and large items, we request that you email or bring us digital pictures as a starting point.  We don't take any furniture without seeing it first.  If you are looking to consign smaller decor items, please bring them in (up to 12 items at a time) the 1st-15th of each month from 11am-4pm.  You can always call with questions and we look forward to working hard to sell your merchandise.
 







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