Prompt and Personalized Response Assured
Following your submission of photographs and details as outlined above, you can expect a personalized response from our team within 48 hours. We value your time and interest and are committed to reviewing each submission with the attention it deserves. We look forward to the opportunity to engage with you and explore the potential of your unique pieces at Lost and Found Resale.
Seamless Coordination for Accepted Items
Upon acceptance of your items, we will extend our support by emailing you a list of recommended delivery companies. These independent entities have been selected based on their reliability and familiarity with handling high-quality items like yours. Please note that while we recommend these companies for your convenience, they operate independently of Lost and Found Resale. We advise you to directly confirm pricing and other details at the time of booking. Typically, the standard rate for these services is between $85 to $95 per hour, which includes the expertise of two skilled movers and a well-equipped box truck to ensure the safe and efficient transportation of your items. We strive to make the delivery process as effortless and secure as possible, helping to seamlessly integrate your treasured pieces into our collection.
Fair and Flexible Consignment Terms at Lost and Found Resale
At Lost and Found Resale, we believe in fostering a mutually beneficial relationship with our consignors. To this end, we offer an equitable 50/50 revenue split under a 90-day consignment agreement. This arrangement is designed to maximize the potential of selling your unique items while maintaining a dynamic and ever-evolving inventory.
Should your items remain unsold after this period, we provide two convenient options. Firstly, we can arrange to donate these pieces on your behalf, contributing to community initiatives and ensuring your items find a new purpose. Alternatively, you are welcome to retrieve your items. Please note that collection must be completed by the 97th day, as beyond this point, the items will be absorbed into our inventory and will no longer be listed under your account.
Extension and Adjusted Split (Subject to Eligibility):
In rare instances, based on the item's potential and market interest, we may offer an extension of the contract for an additional 30 days. In such cases, the revenue split will be adjusted to 65/35% in favor of Lost and Found Resale, reflecting our continued commitment to marketing and selling your item. Our consignment terms are crafted to ensure a transparent and rewarding experience for our consignors, underlining our dedication to excellence and mutual success at Lost and Found Resale.
Strategic Pricing for Optimal Value at Lost and Found Resale
At Lost and Found Resale, our approach to pricing consignment items is both strategic and fair, aimed at ensuring the best possible value for both consignors and buyers. We typically set prices at 30-50% of the original retail value, a range that reflects the condition and market desirability of each item.
To determine the most appropriate price, we conduct a thorough in-person evaluation of each item. Our commitment is to adhere to the 30-50% pricing range, provided the item's condition matches what was initially communicated.
Condition and Acceptance:
In instances where an item's condition does not align with the expectations set, we reserve the right to refuse it. However, we will offer options for the item's return to you or its donation.If an item requires cleaning but still meets our criteria for acceptance, a cleaning fee of $15-20 will be applied per item. This fee will be back-charged to your account, ensuring the item is presented in its best possible state.
Additional Fees and Discounting Policy:
Please be aware of a 3% processing fee for purchases made using a credit card. This fee is essential to cover transaction costs.As outlined in our contract, your items may be subject to a 15% discount after 30-45 days and a 35% discount between 60-90 days. However, these discounts are not automatic and are applied based on the item's performance and market conditions.Our pricing and policy framework is designed to balance fairness and market dynamics, ensuring that your items are positioned for successful resale while maintaining the integrity and exclusivity of our collection at Lost and Found Resale.
Timely and Convenient Payment Process at Lost and Found Resale
At Lost and Found Resale, we prioritize a seamless and reliable payment process for our consignors. Here's how it works:
Check Issuance and Collection:
We diligently process and print checks on the 10th of each month, corresponding to sales made in the previous month.
These checks are ready for collection at our store starting from the 11th of each month. We invite you to visit us for a prompt and personal handover.
Flexible Mailing Options:
For our valued consignors residing out of state, we automatically mail out your checks to ensure you receive your payment without any inconvenience.
In-State Consignors: If you are within the state and prefer to have your check mailed, simply give us a call at the shop. We'll arrange for your check to be sent directly to your preferred address.This system is designed to ensure that you, as our consignor, receive your payments both punctually and conveniently, whether you prefer to visit us in person or receive your check by mail.