Profitable Plato&#39;s Closet For Sale! Top Performing! High Volume!
Asking Price: $791,500 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $230,500 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Plato's Closet in Christiansburg, VA is ranked #28 in sales volume in the brand out of 463 stores nation wide. This location is ranked #4 in volume within the region out of 39 stores. Sales volume is approaching $2million mark very quickly and this location has only been open for 5 1/2 years. Located in the fastest growing community in Western Virginia this is a perfect opportunity for the right individual!
As a brand Plato’s Closet was ranked the #1 Retail Franchise Investment in the $150,000 - $500,000 range by Forbes for the last two years and has been #1 in it's category in Entrepreneur's Franchise 500 on an annual basis. The business and financial model for this brand is unparalleled.
While changing hair color, profile pics, musical tastes and other interests are common, nothing requires more attention than their ever changing fashion needs! The exciting part about this group is they spend money to stay on top of the latest trends - to the tune of about $50 Billion annually plus another $170 Billion that others spend on them!
As the established leader in the teen resale-retail space, Plato’s Closet offers gently-used, brand-name apparel and accessories to both girls and guys at a fraction of the retail cost. With nearly 482 locations and more opening every month, Plato’s Closet is the fastest growing franchise in the teen retail space.
About the Business
Number of Employees:
Building Sq. Ft.:
$9,125.00 Per Month
Located in a small strip center in a very busy corridor off I-81, 560 bypass to Blacksburg and Christiansburg. On this corridor is a local post office, VA department and Radford University (9,000 enrollment) are the engines growing the community. At the end of the strip center is a Once Upon A Child and the two resale brands feed off of eachother.
Training provided and required by franchisor upon transfer. On-going support in advertising, merchandising, financial and inventory management, social media training and more provided by franchisor through field visits, regional meetings and national franchisee conferences.
High Volume- Popular and Profitable Plato's Closet For Sale!!!
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