Consignment Agreement

FUN FINDS AND DESIGNS, INC.

       2765 MARIETTA HIGHWAY      

CANTON, GA  30114

(770)704-0448

Email:  info@funfindsanddesigns.com                                                                    Website:  www.funfindsanddesigns.com

CONSIGNOR AGREEMENT

 

 

Consignor Name:___________________________________________________Consignor ID:__________________________

 

Mailing Address:________________________________________________________________________________________

 

Phone:__________________________________________    Email:_______________________________________________                      

 

If items don’t sell –  Donate my items:______________    Return my items:___________________ Contract Date:______________

                                (Receipts will be given for items $100 and over)

                                                                                                                                     ______$10.00 Acct Establishment Fee     ___________Email Sent

General Agreement

Under the terms of the Consignment Agreement, the Consignor agrees to deliver goods to be sold by the Consignee, referred to in this document as “Fun Finds and Designs, Inc.”   Fun Finds and Designs, Inc. agrees to place Consignor’s merchandise in the store for sale within a reasonable amount of time and as space permits.  Fun Finds and Designs, Inc. will remit 50% of the selling price to the Consignor for any item sold during the term of the Consignment Agreement.  All new consignor accounts are subject to a one-time set-up fee of $10.00 that covers all future account administration as well as includes unlimited access to your consignor account on MyResaleWeb, where you can view the status of your consigned items and your account balance at any time.

 

To view your consignor account on MyResaleWeb:

  • Go to FunFindsandDesigns.com
  • Click on ‘Sellers Tab’
  • Click on ‘Consignor Login’
  • Enter your consignor number and last name.
  • Select State: GA
  • Select ‘Look Up’

 

Merchandise Acceptance

Acceptance of merchandise to consign is at the discretion of Fun Finds and Designs, Inc.   Please email pictures of large items for possible consignment to info@funfindsanddesigns.com. Smaller items may be brought to the store at your convenience from Monday – Saturday between 10:00 am and 6:00 pm.  If you have a large number of items that you are bringing please call the store to schedule a time so that we will be prepared to receive your items.

 

Items should be clean and ready to place on the showroom floor.  We do not accept any items that are stained, have damage or have been exposed to a smoking/pet environment.  If discovered after receipt, the items will be returned at the consignor’s expense, donated or disposed of without payment or recourse.  If an item has to be repaired/cleaned or assembled, a fee will be added to the consignor account to cover the cost.

 

Merchandise Pricing

We price all of our consigned items to get our Consignors the best possible prices for their merchandise, while using our best knowledge of the fair market resale value.  The initial selling price for consigned merchandise is established solely by Fun Finds and Designs, Inc., while valuing the customer’s input on brand, age and original purchase price (if available).  Consignor understands that while Fun Finds and Designs, Inc. agrees to use its best efforts to obtain a sale of the merchandise, there is no guarantee a sale will occur.  It is the Consignor’s responsibility to login to their account on the day their items are received to view final pricing of their items.

 

A Buyers Fee, not to exceed 5% of the original price, will be added to each consigned item.  This fee is included as part of the selling price and is added to cover the cost of bags, wrapping paper, bubble wrap, shrink wrap and other expenses related to the sale of the item.  All lighting will be subject to a 5% Buyers Fee to cover the cost of electricity.  The Buyers Fee is paid by the buyer and is not subject to the 50/50 split.

 

Seasonal Merchandise

All seasonal merchandise must be picked up within seven (7) days after the end of the holiday or season/special occasion.  (For example:  Christmas items would be picked up the week following Christmas)  Any items remaining after this period will be donated.

 

Merchandise Receipt

Each time merchandise is consigned with Fun Finds and Designs, Inc., the Consignor will sign a new Consignment Agreement acknowledging that they agree with the terms of this contract.  Items will be labeled with the contract date and Consignor number and then entered into our system.

 

Consignment Term

The consignment term shall be for a period of 150 days.  The consignment term starts on the date an item is logged into Fun Finds and Designs, Inc. inventory system.

 

Items will be marked down every 30 days.  All markdowns will be taken from the original price.  Our markdown cadence is as follows:

 

Merchandise after 30 days  –  Item is discounted 10%

Merchandise after 60 days –   Item is discounted 20%

Merchandise after 90 days  –  Item is discounted 30%

Merchandise after 120 days – Item is discounted 50%

 

Consignment Term Expiration

It is the responsibility of the Consignor to pick up any unsold items within seven (7) days after the consignment term expiration (150 days), if they wish to retain possession of the items.  Any item not picked up by the consignor prior to the end of the 150 day consignment period will become the property of Fun Find and Designs, Inc. and may be marked down to clearance pricing or donated.  Donation slips received by Fun Finds and Designs, Inc. for any item priced greater than $100.00 will be sent to the Consignor for their tax purposes. Items not picked up by the consignment term expiration will be marked for clearance or donated as Fun Finds and Designs, Inc. deems appropriate without compensation to the Consignor. 

 

It is the responsibility of the Consignor to track the 150 day consignment term expiration, and Fun Finds and Designs, Inc. will not be liable for any item left in its possession beyond the contract period.  Items marked as Return to Consignor must be picked up within 7 days of end of consignment period or items will be donated.  Items marked as Return to Consignor must be picked up within 7 days of end of consignment period or items will be donated.

 

Items Lost, Stolen or Damaged

All reasonable care will be taken of items consigned with Fun Finds and Designs, Inc., however, they are left at the Consignor’s own risk and compensation will not be due to any Consignor for lost, stolen or damaged items.   We recommend that you notify your insurance carrier that your items are on consignment.

 

Consignor Payments

Payment for each month’s sales will be processed on the 10th day of the month following the sale.  All local Consignors must pick up their check at our store location any time after the 10th of the month following the sale.  A consignor’s check may be mailed if a special request is made.  Out of town checks will be automatically mailed.  All funds for any check not claimed or cashed by Consignor within ninety (90) days of the check date will be forfeited and are not replaceable.

 

Customer Acknowledgement

 

“I agree that I have full ownership of all of the items that I am consigning with Fun Finds and Designs, Inc., and that all items presented are free of all liens and encumbrances.  I have read and understand the terms of the Consignment Agreement, and I agree to accept the conditions therein as applicable to all items consigned with Fun Finds and Designs, Inc. by signing the Consignment Agreement.”

 

Consignor Signature:___________________________________________________________  Date:__________________________________

 

 

V7-9/7/17