Plato's Closet - franchise business for sale, Valdosta, Georgia

Location: Valdosta, Georgia
Asking Price $100,000 Price Reduced to sell Fast
Inventory included in asking price
Employees 13/PT

Top Performing and profitable Plato's Closet location For Sale in Valdosta, GA.

Plato's Long Beach

This is a great opportunity to purchase a successful Plato's Closet location due to Multi-Unit owner wishing to downsize. Plato's Closet opened in Valdosta in March of 2014 and has had success ever since with sales of $600,000 - $700,000 and great profitability. The franchisee is a multi-unit operator who lives in another city so the distance and travel prevents the seller from spending the time needed in this location to drive sales. The system sales average for Plato's Closet as a brand is just under $1M so there's plenty of room to grow sales at this location and a hands on, local owner can do just that! With over $70,000 in FF&E included in the price this is an excellent opportunity for someone in or near Valdosta to hit the ground running!

About Plato's Closet

plato brandAs 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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