Established Plato's Closet Franchise
| Asking Price: | $160,000 | Inventory: | $35,000 ++ |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $60,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Plato's Closet Pittsburgh has been in operation for nine years. Currently trending with double digit sales increases from last year. Plato's Closet buys and sells gently used clothes for teens and twentysomethings. If there's a business that's recession proof this is it! System wide average sales are over $700,000 at a gross profit margin of over 60%. There's tremendous upside to this business! It's rare that a Plato's Closet resale opportunity comes up so this is definitely worth checking out!
www.platoscloset.com
www.platoscloset.com
About the Business
Year Established:2000
Employees:6 full time -
Franchise:Yes
Facilities:3,300 square feet with a lease renewal coming up in August 2010. LL will renew or renegotiate new lease. Currently at about $58,000 per year. Ample parking in both front and rear of location. Great visibility! Large pylon sign on the highway and front of building. Building is in good condition. Mechanicals
Market Outlook and Competition:No direct competition in the market. Good brand recognition with 3 other Plato's Closet locations in the area. This location is trending up 21% over last year sales. An owner/operator focusing on increased advertising and local store marketing will see an immediate impact to the bottom line.
About the Sale
Management Training and Support:Training required by franchisor upon transfer. On-going support includes marketing, advertising, merchandising, financial analysis, inventory management and more. Annual franchisee conferences provide additional opportunities for training and instruction. Franchisor may require an additional investment in working capital or inventory.
KEYWORDS: Franchise, resale, retail, fashion, clothes, clothing, profit,
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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