Profitable Palm Beach Plato's Closet Store
Business Description
Plato's Closet Retail Franchise Store – Palm Beach County, FL
$1.6M+ Sales | $200K+ Earnings | Top-Quartile Location
Plato's Closet is a retail clothing franchise for teens and young adults. This location in Palm Beach County was founded in 2009, and relocated to an upgraded site in 2020. It operates under a leading national brand with over 500 stores. Strong sales, consistent profitability, loyal customer base, and franchisor support.
Highlights
• $1.63M revenue (2023)
• Top-quartile performer (similarly sized stores)
• Exclusive territory
• Prequalified for an SBA loan by the company's existing bank
• Ideal for owner-operator or multi-unit buyer
Buyer Info
• Minimum liquidity: $40K
• Franchisor approval required
• $10K transfer fee
• Inventory adjusted at closing
Next Steps
Buyer background, proof of funds and NDA required for CIM and financials. Franchise application follows. Approval required prior to store visit.
Asking Price: $600,000. Per franchisor requirements, the purchase price for the business is calculated separately from the inventory. A new inventory will be conducted prior to closing and the inventory purchase price will be adjusted to match the current inventory level. Inventory in June 2025 was +/-$150,000. Cooperating broker: there is no success fee on inventory.
Please do not contact the store directly or speak to the employees about the sale of the business
$1.6M+ Sales | $200K+ Earnings | Top-Quartile Location
Plato's Closet is a retail clothing franchise for teens and young adults. This location in Palm Beach County was founded in 2009, and relocated to an upgraded site in 2020. It operates under a leading national brand with over 500 stores. Strong sales, consistent profitability, loyal customer base, and franchisor support.
Highlights
• $1.63M revenue (2023)
• Top-quartile performer (similarly sized stores)
• Exclusive territory
• Prequalified for an SBA loan by the company's existing bank
• Ideal for owner-operator or multi-unit buyer
Buyer Info
• Minimum liquidity: $40K
• Franchisor approval required
• $10K transfer fee
• Inventory adjusted at closing
Next Steps
Buyer background, proof of funds and NDA required for CIM and financials. Franchise application follows. Approval required prior to store visit.
Asking Price: $600,000. Per franchisor requirements, the purchase price for the business is calculated separately from the inventory. A new inventory will be conducted prior to closing and the inventory purchase price will be adjusted to match the current inventory level. Inventory in June 2025 was +/-$150,000. Cooperating broker: there is no success fee on inventory.
Please do not contact the store directly or speak to the employees about the sale of the business
About the Business
- Years in Operation
- 17
- Employees
- 17
- Franchise
- This business is an established Plato's Closet franchise
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,330
- Rent
- Not Disclosed
- Lease Expiration
- 10/31/2029
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- 4 weeks training
- Financing Options
- SBA Pre-qualified: $675,000, 120 months at 11%; Monthly payment $9,298.13
Listing Info
- ID
- 2349397
- Listing Views
- 503
Listing ID: 2349397 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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