Own a Lucrative ReSale Franchise w/Rising Profits

Asking Price$599,900

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,202,965

Inventory$100,000
Not included in asking price
FF&E$87,000
Included in asking price
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Own a Lucrative ReSale Franchise w/Rising Profits


Asking Price$599,900

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,202,965

Inventory$100,000
Not included in asking price
FF&E$87,000
Included in asking price

Seller Financing Available
Business Description
Are you looking for a lucrative business opportunity in a booming industry? Look no further than Plato's Closet Asheville, a well-established resale store business for sale in North Carolina, United States! Plato's Closet Asheville has been the go-to destination for teen and young adult styles and brands for over 15 years, making it a trusted name in the recycled clothing market in Asheville. With a solid foundation built by the original owners who successfully operated the business for 8 years, the current owner has taken this thriving business to new heights of success. One of the key strengths of Plato's Closet Asheville is its commitment to excellent customer service and community engagement. The store not only sells gently-used clothes and shoes but also buys items daily from local community members, providing over $450,000 in cash payments each year "on-the-spot". This not only benefits the sellers but also drives repeat business and loyalty from customers. Since taking over the business in 2017, the current owner has significantly grown the business, with sales surpassing $1.2 million annually. This growth can be attributed to the owner's hands-on approach, effective management team, and focus on key business areas such as attentive customer service, daily inventory management, expanded advertising efforts, and employee development. But the exciting part? The potential for even further growth is immense! The resale apparel market is ripe with opportunities, especially in strategically targeting the youth demographic (students) and high-growth diverse communities (Latino/Hispanic). By tapping into these customer segments and focusing on common values such as affordability, authenticity, and digital connection, the sky's the limit for this business. If you're a savvy entrepreneur looking to capitalize on a well-established business with loyal clients and significant growth potential, Plato's Closet Asheville is the opportunity you've been waiting for. Don't miss out on this chance to own a thriving resale store business in a prime location! For more information on this exciting business opportunity, visit https://www.tworld.com/. Take the next step towards owning your own successful business with Plato's Closet Asheville!
About the Business
Years in Operation
17
Facilities & Assets
Plato's Closet Asheville, the place to shop for teen and young adult styles and brands, has been the leader in the recycled clothing market in Asheville for over 15 years! The original owners opened Plato's Closet and operated
the business for 8 years before selling it to the current owner, who built upon the previous owner's success and took it to the next level through delivering excellent customer service and developing awareness for the business throughout the community.
Market Outlook / Competition
Our excellent customer service, consistently organized racks of clothes, and the ongoing building of relationships with new and repeat customers. Plato's Closet's advantage is immediate cash-on-the-spot for gently used, trendy
teen/young adult apparel, offering a faster and cleaner experience than consignment.
Current Industry Overview:
Thrifting is an increasingly popular way to shop for teens and young adults (as well as more mature customers!).
Opportunities for Growth
The biggest growth opportunities for a resale apparel store like this one lie in strategically dominating the two core
demographic drivers of the secondhand market: the youth (students) and high-growth diverse communities (Latino/Hispanic).These are not separate customer segments but often overlap, and a generalized strategy should focus on the common values that attract both groups: affordability, authenticity, and digital connection.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,200
Rent
$8,200.00 per month
About the Sale
Seller Motivation
Other interest
Transition Support
2 Week
Financing Options
Financing Amount $59.900,00 Interest 10% Terms Months 360 Monthly Payment $791,58
Listing Info
ID
2441609
Listing Views
1051

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Business Listed by: Sherrye Coggiola Transworld Business Advisors of UpstateSC & AshevilleWNC

Listing ID: 2441609 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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