|Asking Price||$345,000 Including Inventory|
Top Performing Plato's Closet location For Sale in Austin.
Opportunity to own a turn-key profitable Plato’s Closet store which offers brand names such as American Eagle, Hollister, Old Navy, Express, Tillys, Victoria Secret/Pink, Walmart, etc.
With Plato’s Closet brand recognition, there is ample opportunity for additional sales growth thru additional focus on social media and buying will have a positive effect on sales growth.
This Plato’s Closet has a new store look and executing that store refresh will certainly bring new energy to this already popular destination.
About Plato's Closet
As the established leader in the teen resale-retail space, Plato’s Closet offers gently-used, brand-name apparel and accessories to both girls and guys at a fraction of the retail cost. With over 475 locations and more opening every month, Plato’s Closet is the fastest growing franchise in the teen retail space. Plato’s Closet was ranked the #1 Retail Franchise Investment in the $150,000 - $500,000 range by Forbes for the last two years and has been #1 in it's category in Entrepreneur's Franchise 500 on an annual basis. The system wide sales average across more than 475 stores is over $1M.
The business and financial model for this brand is unparalleled. If there’s one constant with the teen to twenty-something demographic it’s change. While changing hair color, profile pics, musical tastes and other interests are common, nothing requires more attention than their ever changing fashion needs! The exciting part about this group is they spend money to stay on top of the latest trends – to the tune of about $50 Billion annually plus another $170 Billion that others spend on them!
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