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

Location: Jacksonville, FL (Duval County)
Asking Price SOLD
Gross Revenue $1,010,000
FF&E $56,000
Inventory $95,000 (not included)
Year Established 2005

High Performing, Very Profitable Plato's Closet location For Sale In Jacksonville, FL.

Plato's Jacksonville

POTENTIAL MULTI-UNIT OPPORTUNITY

This Plato's Closet store is conveniently located in the Regency Park Plaza and occupies just over 4,800 total sq ft with approximately 4,400 sq ft of selling space. This is in a major retail trade area of Jacksonville on Atlantic Blvd, just east of Southside Blvd and just west of I-295/9A Traffic count for this location is 31,000 per day. The shopping plaza has good co-tenancy in place including Once Upon A Child (a sister brand). The center is well lit and there's plenty of parking. Since opening in 2005 the Regency location has developed a loyal customer base, including customers from South Georgia and has consistently been a top performer in the Region and Nation.

Regency Platos

* Within 6.7 miles of the University of North Florida campus with an enrollment of 15,944 students

* Within 5.8 miles of Florida State College at Jacksonville - South Campus with an overall enrollment of 52,000 students

* Within 5.5 miles of Jacksonville University with an enrollment of 3,032 students

* Located close to several large middle and high schools.

Current owner is selling as they wish to retire. This is one of three stores in the Jacksonville, FL market and is part of an exit/retirement strategy for the seller. This is potentially a multi-unit transaction for a properly capitalized and operationally capable candidate. 

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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