High Volume- Popular and Profitable Plato's Closet For Sale!!!

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Asking Price:
$791,500

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$230,500
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

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

Location:
Christiansburg, Virginia
Year Established:
2013
Number of Employees:
27
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
7,500
Rent:
$9,125.00 Per Month
Facilities:
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.
Website:
www.platosclosetchristiansburg.com/
Market Outlook/
Competition:
There is very little branded competition. It is important to be aware of the Universities dates of closure. Massive buys when they close and massive sales on return.
Growth & Expansion:
Follow the model! Marketing and community involvement.
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About the Sale

Reason For Selling:
Multi Unit Owner Retiring
Training/Support:
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.

Listing Info

ID:
1657460
Ad Detail Views:
0

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Business Listed by

Cat Eckstaedt

Winmark Corporation
License# 1

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