Price Reduced, Motivated Seller-Plato's Closet!

Contact Seller
Asking Price:
$175,000

Gross Revenue:
$796,671
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$75,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

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 over 475 locations and more opening every month, Plato’s Closet is the fastest growing franchise in the teen retail space.

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 system wide sales average across more than 475 stores is over $1M. The business and financial model for this brand is unparalleled.

If there’s one constant with the teen to twenty-something demographic it’s change. 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!

If you're looking for a profitable business with a proven brand and the opportunity to hit the ground running - Plato's Closet Oklahoma City is worth checking out!

About the Business

Location:
Oklahoma City, Oklahoma
Year Established:
2014
Number of Employees:
15
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
3,960
Rent:
$7,116.00 Per Month
Facilities:
Plato's Closet of Oklahoma City is located in the Westgate Marketplace on the corner of Reno Avenue and Greenfield Center Drive The strip center was constructed in 2014 upon signing the lease agreement, providing the unique advantage of having the space constructed to our specifications. It was designed to be a Plato's Closet! The store is positioned on an end cap with ample parking and visibility. The shopping center also includes well know retailers such as Walmart, Hobby Lobby and Dicks Sporting Goods.
Website:
www.platosclosetoklahomacity.com
Market Outlook/
Competition:
The store will benefit greatly from having a local owner who would be in a far better position to cultivate and maintain a culture of excellent customer service. Frequent and consistent training and development will help drive higher staff performance. This Plato's Closet has grown in the presence of other local competitors and thrift stores.
Contact the Seller

About the Sale

Reason For Selling:
Travel distance from the store is no longer feasable for owner.
Training/Support:
Training required and provided by franchisor upon transfer. Additional ongoing support includes marketing and advertising, merchandising, inventory and financial management. Ongoing educational and support opportunities through field staff, conferences, trade shows and more.

Listing Info

ID:
1570853
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Cat Eckstaedt

Winmark Corporation
License# 1

 Show Phone Number

View My 79 Active Listings

Similar Listings


Report an Issue 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 & Conditions.