What are the consignment terms?
Minimum of a 90 Day Consignment Period. • WFCE pays the consignor 50% of the item’s sale price. WFCE’s Commission for handling the sale is the remaining 50%. • At 30 Days the price of the item will drop by 10% of the original sale price. • At 60 Days the price will drop by 20% of the original sale price. At 90 days the price will drop by 30% of the original sale price. • At 120 days the consignment period will expire, items may be picked up from the store at this time at no expense to the consignor, or you may donate it to your desired local charity. If an item is left in the store beyond the expiration date and sells, the money will go to WFCE without notice. Any item remaining in the store after the expiration date (which has not been sold) must be removed by the consignor within 10 days. • Items may be removed prior to 90 days at a fee of 25% of the original sale price.• A one time maintenance and administration fee of $10.00 is added to each consigner account, this fee does not effect the agreed upon sale price. The fee helps to cover the cost of: Cleaning, Merchandising, Advertising and WFCE’s professional Sales Staff.• Additional Service fees may apply to items that require excessive cleaning or repair work. These fees will be discussed with consignors prior to accepting the item on consignment. • Commission Checks will be mailed out on the 20th of each month. If you wish to pick up your check, please call the store and let us know at least 3 days in advance. There is a $2.00 check writing fee that is deducted from each commission check. If you do not receive a check but think that your items may have sold, please contact us and we will discuss it with you. • Checks that are lost can be replaced for a $25 fee.
Consignor agrees to participate in any WFCE promotional sale events. These events allow customers to buy items at the price at the next markdown date. WFCE runs these events no more than two times each quarter. Sale events do not exceed a period of 7 days.
If you may have any questions or concerns please call 734-929-4508.
Thank you.