ESTABLISHED NATIONAL TEEN RESALE FRANCHISE IN RICHMOND

This long-established Plato’s Closet franchise has served the Richmond market since 2004 and generated 2025 gross revenue of $1,251,971. The business benefits from strong brand recognition, an established customer base, experienced staff and a proven buy-and-sell model focused on teen and young-adult fashion.

BUSINESS HIGHLIGHTS

• More than 20 years of continuous operation
• Established customer base
• Experienced staff and management in place
• Approximately 5,000-square-foot retail location
• Nationally recognized franchise system
• Proven resale business model
• Limited day-to-day owner involvement

OPERATIONS

The store operates from an approximately 5,000-square-foot leased retail location with a sales floor, buying and processing areas, fitting rooms, storage, office space, fixtures, signage and point-of-sale equipment. Furniture, fixtures and equipment are included in the asking price. Inventory is sold separately at cost.

FRANCHISE SUPPORT

Winmark provides required training and ongoing support through the Plato’s Closet franchise system. The buyer must receive franchisor approval and complete all required training before assuming ownership.

GROWTH OPPORTUNITIES

Opportunities for continued growth include expanded local marketing, community partnerships, social media reach and customer engagement while building on the store’s established sales volume and brand recognition.

REASON FOR SELLING

Pursuing other business and personal priorities.