Plato's Closet Franchise Resale
| Asking Price: | $120,000 | Inventory: | $31,500 ++ |
| Gross Revenue: | $480,000 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $40,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Only the need for the owners to focus on additional stores in their portfolio allows this location to become available. Plato's Closet is the fastest growing brand in the Winmark Corporation family of brands.
Take advantage of the Plato's Closet business model of buying and selling gently used apparel. www.platoscloset.com. System wide sales averages are over $700,000 at a 60+% margin!
This location has been operating for six years and has built a loyal, local clientele. There's a strong team of staff members in place with excellent knowledge of the concept. The store would greatly benefit from an owner focused on only this store.
Take advantage of the Plato's Closet business model of buying and selling gently used apparel. www.platoscloset.com. System wide sales averages are over $700,000 at a 60+% margin!
This location has been operating for six years and has built a loyal, local clientele. There's a strong team of staff members in place with excellent knowledge of the concept. The store would greatly benefit from an owner focused on only this store.
About the Business
Year Established:2003
Employees:3 full time - 5 part time
Franchise:Yes
Facilities:The shopping center is at high occupancy with good draw stores such as TJ Maxx, Shoe Carnival and Blockbuster Video. The center is well maintained and located in a densely populated area with homes and apartments in all directions. 3,200 Square foot space.
Market Outlook and Competition:There are no similar businesses in the area including consignment stores. There are several discount retailers which help attract our target clientele to the area. Several plans in the works to revitalize the regional mall in the area.
About the Sale
Management Training and Support:Training required by franchisor upon transfer. Ongoing support includes advertising, merchandising, inventory managment, financial analysis, field visits and more.
Reason For Selling:Multi-Unit operator wants to focus on other stores in their portfolio.
KEYWORDS: franchise, fashion, plato's closet, resale, retail, teen, jeans, hollister, abercrombie, american eagle, 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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