Plato's Closet, Turnkey Business
Business Description
Plato's Closet is a national franchise with hundreds of locations. We buy and resell gently-used clothing for teens and young adults like: American Eagle, Hollister, Levi's, Nike. This location has been operating in Chester Virginia for five years. The sale of the business includes franchise rights to the area, all decor, fixtures, inventory... and a fully trained staff.
About the Business
- Years in Operation
- 5
- Number of Employees
- 9
- Franchise
- This business is an established franchise
- Facilities & Assets
- All decor, fixtures, shelving, counters, hardware, computer equipment, and inventory is included. 100% turnkey
- Website
- https://platoscloset.com/locations/chester-va/
- Market Outlook / Competition
- Chester is a growing area and has demographics that mirror the greater Richmond area. There are no other resale stores like Plato's Closet within 10 miles (20 minute drive) of this location.
- Opportunities for Growth
- With an active owner and a proper marketing budget, there is potential for 50-60% growth in this location, which has the potential to 3-4x or more the store's profitability.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,000
- Rent
- $5,600.00 per month
- Lease Expiration
- 7/31/2026
About the Sale
- Seller Motivation
- Current owner lives outside of the area and owns another business. This locatio
- Transition Support
- There will be headquarter training and support by the franchisor. Current owner can be available for 20-25 hours for 30 days after the sale.
Listing Info
- ID
- 2336678
- Listing Views
- 1101
Business Location
Listing ID: 2336678 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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