Established National Teen Resale Franchise in Richmond
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ESTABLISHED NATIONAL TEEN RESALE FRANCHISE IN RICHMOND
This well-established Plato’s Closet franchise has served the Richmond market since 2007 and generated 2025 gross revenue of $1,178,342. Located in Chesterfield County, Virginia, the business benefits from national brand recognition, an established customer base and a proven buy-and-sell model focused on teen and young-adult fashion.
BUSINESS HIGHLIGHTS
• Nearly two decades of continuous operation
• Established customer base and experienced staff
• Spacious 6,529-square-foot location
• Exceptional storage and processing capacity
• Nationally recognized franchise system
• Proven resale business model
OPERATIONS
The location provides substantial space for retail operations, inventory processing and storage. Its unusually large backroom is a valuable operational advantage in a business that depends on buying volume, inventory organization and seasonal turnover. Furniture, fixtures, equipment and signage 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. A buyer may also explore relocation within the market, subject to Winmark approval.
This well-established Plato’s Closet franchise has served the Richmond market since 2007 and generated 2025 gross revenue of $1,178,342. Located in Chesterfield County, Virginia, the business benefits from national brand recognition, an established customer base and a proven buy-and-sell model focused on teen and young-adult fashion.
BUSINESS HIGHLIGHTS
• Nearly two decades of continuous operation
• Established customer base and experienced staff
• Spacious 6,529-square-foot location
• Exceptional storage and processing capacity
• Nationally recognized franchise system
• Proven resale business model
OPERATIONS
The location provides substantial space for retail operations, inventory processing and storage. Its unusually large backroom is a valuable operational advantage in a business that depends on buying volume, inventory organization and seasonal turnover. Furniture, fixtures, equipment and signage 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. A buyer may also explore relocation within the market, subject to Winmark approval.
About the Business
- Years in Operation
- 19
- Employees
- 16 (2 Full-time, 14 Part-time)
- Franchise
- This business is an established Plato's Closet franchise
- Facilities & Assets
- The business occupies approximately 6,529 square feet, including a large retail sales floor and an exceptionally spacious storage and processing area—an important advantage in the resale business, where inventory capacity and organization directly support buying volume and seasonal turnover. The location also includes fitting rooms, buying stations, office and employee areas, fixtures, signage, computer equipment and point-of-sale systems. Furniture, fixtures and equipment are included in the asking price, with inventory sold separately at cost. The lease currently renews in successive three-month periods.
- Website
- https://platoscloset.com/locations/richmond-va-midlothian/
- Market Outlook / Competition
- The store competes with local resale, consignment and thrift retailers. Plato’s Closet benefits from strong brand recognition, an established customer base and a proven buy-and-sell model focused on teen and young-adult fashion.
- Opportunities for Growth
- The store has an established customer base and operates in a strong resale market. Opportunities for continued growth include expanded local marketing, community partnerships, social media reach and customer engagement. A buyer may also explore relocation within the market, subject to Winmark approval.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,529
- Rent
- $8,360.00 per month
About the Sale
- Seller Motivation
- Sellers are pursuing other business and personal priorities.
- Transition Support
- Training and ongoing support are provided by Winmark through the Plato’s Closet franchise system. The buyer must be approved by Winmark and complete all required franchise training before assuming ownership. Ongoing franchise support includes established operating systems, brand standards, marketing resources and operational guidance.
Listing Info
- ID
- 2528465
- Listing Views
- 8
Listing ID: 2528465 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. See our full Terms of Use. Learn how to avoid scams.
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