Asking Price: $175,000 Gross Revenue: $796,671Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $75,000 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.
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
Oklahoma City, Oklahoma
Number of Employees:
Building Sq. Ft.:
$7,116.00 Per Month
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.
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.
Travel distance from the store is no longer feasable for owner.
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.
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
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