Plato's Closet - franchise business for sale, Jacksonville, Florida

Location: Jacksonville, FL (Duval County)
Asking Price $350,000
Gross Revenue $1,020,000
FF&E $70,000 
Inventory $85,000 (not included)
Year Established 2006

Top Performing and Top ranked Plato's Closet location For Sale In Jacksonville, FL.

Plato's Jacksonville

POTENTIAL MULTI-UNIT OPPORTUNITY

Since opening in 2006 the Orange Park location has developed a loyal customer base and has consistently been a top performer in the Region and Nation. This is one of three stores in the Jacksonville, FL market and is part of an exit/retirement strategy for the seller. This could be an opportunity for a financially/operationally qualified candidate to own the entire Jacksonville three store market.

The store is conveniently located in the Westland Park Plaza. This is in a major retail trade area of Jacksonville located at the very busy intersection of Blanding Blvd & I-295. The Orange Park Mall is less than 1.5 miles from the store location.
Platos JacksonvilleThe shopping plaza has excellent co-tenancy in place with several value driven retailers including Once Upon A Child (a sister brand), LA Fitness, Bealls and Burlington Coat Factory. The center offers plenty of well-lit parking and has gone through renovations within the past 18 months. The store is 4,500 total square feet with 4,100 selling floor area.

There is no competition in the teen/young adult resale in the area. This provides an ideal opportunity for a local owner with a full-time presence and a hands on management approach to build on existing business. new owner can drive new customers and increase top line sales through a more active and increased social media activity together with local store marketing to local middle schools, high schools, colleges and participation in community events.

About Plato's Closet

Plato’s Closet, a Winmark brand, is the established retail franchise leader in the teen resale space. Plato’s Closet offers gently-used, brand-name apparel and accessories to both girls and guys at a fraction of the retail cost. 

There are more than 460 Plato’s Closet locations and more opening every month making Plato’s Closet the fastest growing retail franchise in North America.

brand

At Plato’s closet, we buy our inventory from our customers every day and unlike consignment, we pay cash on the spot. Our customers buy outfits at a fraction of the cost of full retail prices AND get cash on the spot for items they no longer use? It’s a win-win for both the customer and the franchisee. This buy/sell model makes Plato’s Closet a truly unique retail franchise opportunity.

While the franchise model is proven, the financial health of our franchisees is the key to the success and growth of the brand. In 2015, the average Plato’s Closet location had sales of just under $1M. The top 25% stores reached an average sales volume of just under $1.5M. Factoring in an average Gross Margin of nearly 62% it makes Plato’s Closet one of the best franchises available today. 

 

In fact, Plato’s Closet is ranked #1 in its category in Entrepreneur Magazine’s Franchise 500 and has been in the Top 500 for the last 11 years. Plato’s Closet is also ranked in both the Fastest Growing and America’s Top Global franchise categories. In 2014, Plato’s Closet received another outstanding accolade as it was ranked the #1 franchise investment opportunity by Forbes Magazine in the $150,000 to $500,000 investment category

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