Established and Growing Plato's Closet
| Asking Price: | $199,000 |
| Gross Revenue: | $899,893 |
| Rent: | $11,703.07/Month |
| FF&E: | $202,198 |
| Cash Flow: | $135,581 |
| Inventory: | $140,370 |
| EBITDA: | $85,521 |
| Established Year: | 2007 |
Entrepreneur Magazine has ranked Plato's Closet #1 in its category
Entrepreneur Magazine has ranked Plato's Closet #1 in its category
Plato's Closet offers a truly unique retail franchise opportunity, as it is the leading national teen retail store of it's kind -- focusing on the buying and selling of gently used, brand-name apparel and accessories for girls and guys! Plato's Closet has over 500 store locations throughout North America, and that number continues to grow.
Plato's Closet would be an excellent Generational opportunity for a family, husband and wife or adult child or grandchild to operate. The opportunity to become financially independent with a tremendous ability for growth as well as training and guidance provided by Winmark makes this an outstanding business concept.
Our stores fill a distinct niche in the retail marketplace. We are the leading national resale business that specializes in the teen and twenty-something market group. The wish list for trendy, brand-name apparel and the availability of it in virtually every teen's closet presents fantastic opportunities for both franchise owners and customers alike. As stated in the 2021 RESALE REPORT, "Secondhand Market is Projected to Double in the Next 5 Years, Reaching $77B" and "Thrifting Became a New Pandemic Habit That is Expected To Stick"
This unique business opportunity does not come around often. We have been fortunate to serve this community with such an incredible concept for many years, helping teens stretch their budgets and serving our environment at the same time through a sustainable eco-friendly business. We've been able to support our local community by keeping inventory dollars local, creating jobs, and providing affordable fashions that are so important to our young people. Now we are looking to move on to our next opportunity and are looking for a passionate owner to continue to serve our community with the #1 ranked teen resale brand, Plato's Closet. If you're looking for an opportunity to step into a business and hit the ground running, Plato's Closet in Vancouver, Washington is worth checking out!
This store is established and has been growing. We have a strong Instagram following and an extensive loyalty program that allows us to conduct very effective marketing of events and promotions. Plato's Closet Vancouver would truly make and outstanding family business.
Buyer must qualify with Franchisor, Winmark Corporation.
Please do not speak to the employees about the sale of the business. Thank you.
The Plato’s Closet’s Franchise 500 profile can be viewed at http://www.entrepreneur.com/franchises/platoscloset/282703-0.html
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