Plato's Closet - franchise business for sale, Las Vegas, Nevada

Location: Las Vegas, Nevada
Asking Price SOLD
Gross Revenue $705,000
FF&E $70,000 (included)
Inventory $62,000 (included)
Year Established 2012
Employees 15 (mostly PT)

PRICE REDUCED! Profitable Plato's Closet Franchise for Sale!

Plato's Chicago

This 3,000 square feet Plato's Closet Store in an attractive center. Neighbors include 24 Hour Fitness, Smashburger, Yogurt Land, AT& T, Café Rio, Sportsman's Warehouse and many more in the center and nearby. There is an empty unit next door which is currently available for expansion. Lease is in place through September of 2017.

interior of store

Training provided and required by franchisor upon transfer. On-going support in advertising, merchandising, financial and inventory management, social media training and more provided by franchisor through field visits, regional meetings and national franchisee conferences. 
No direct competition in the area. This store owns the market!
Huge opportunity for growth with additional emphasis on marketing including digital and social media will have a positive impact on sales.


jeans displayAbout 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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