Login Register

Plato's Closet South Portland, ME

Profitable Location!

First name *

Last name *

Your phone

Your email *

Your message *

Send me more information from these Trusted Sources:

FranFundGet the funding you need for your franchise from an experienced financial partner.

Live Oak BankGet Funding from our trusted financial partners

Benetrends FinancialFunding your business. Fueling your growth.




asking price
$
700,000
gross sales
$
1,370,000
cash flow
$
NDA Required
employees: 
5
founded: 
2018

Plato's Closet South Portland is a profitable store and a wonderful location. Asking price does not include inventory that is currently about $91,694at cost.

Winmark Corporation is the proud leader of 5 resale retail brands that are
family-friendly, value-oriented and focused on community service. Our brands have been on the
forefront of sustainability by doing our part by building a business model around the idea of reducing
the amount of waste by giving consumers the chance to buy and sell quality used items. We are
extremely proud of our franchisees who represent our great brands in the US and Canada and
are thrilled you are interested in joining us.

The Plato’s Closet® business model is stronger than ever! More than ever, teens and young
adults want to connect with brands that share their values, are environmentally friendly, and deliver
superior value to help them get the most for their money. At Plato’s Closet, we believe in what
we do and our franchisees understand the daily importance of staying connected with their
customers and their communities.
Our mission is to continue to deliver high quality used merchandise in a fun and convenient
environment while doing good for our world as well. Our owners delight every day in reading the
heartwarming stories on social media about how we have helped our customers and our
communities by providing great merchandise at affordable pricing that has allowed them to get more
for their money while staying in style.


At A Glance
Founded: 1998
Locations: 479
Initial Investment: 251K -390K
Headquarters: Minneapolis, MN
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!


333 Clark's Pond Pkwy
South Portland, Maine 04106
United States
First name *

Last name *

Your phone

Your email *

Your message *

Send me more information from these Trusted Sources:

Live Oak BankGet Funding from our trusted financial partners

FranFundGet the funding you need for your franchise from an experienced financial partner.

Benetrends FinancialFunding your business. Fueling your growth.




All Plato's Closet Resales
Plato's Closet Location for SaleExisting Resale Store for Sale! $454,000 - New YorkView Full Listing

Plato's Closet For Sale In Aurora, COGreat store and a great location!$700,000 - ColoradoView Full Listing

Plato's Closet Monterey, CAGreat store and a great location!$100,000 - CaliforniaView Full Listing

Plato's Closet Chester, VAGreat store and a great location!$195,000 - VirginiaView Full Listing

Plato's Closet Vancouver, WAGreat store and a great location!$335,000 - WashingtonView Full Listing

Plato's Closet Longview, TXGreat store and a great location!$400,000 - TexasView Full Listing

Plato's Closet Fredericksburg, VAGreat store and a great location!$350,000 - VirginiaView Full Listing

Plato's Closet Euless, TXGreat store and a great location!$550,000 - TexasView Full Listing

Plato's Closet Denton, TXGreat store and a great location!$600,000 - TexasView Full Listing

Plato's Closet Chattanooga, TNGreat store and a great location!$699,000 - TennesseeView Full Listing

Plato's Closet Memphis, TNGreat store and a great location!$169,000 - TennesseeView Full Listing

Plato's Closet Williston, VTGreat store and a great location!$1,900,000 - VermontView Full Listing

Plato's Closet Port Charlotte, FLGreat store and a great location!$275,000 - FloridaView Full Listing

Plato's Closet Monroeville, PAGreat store and a great location!$300,000 - PennsylvaniaView Full Listing

Plato's Closet Greeley, COGreat store and a great location!$150,000 - ColoradoView Full Listing

Plato's Closet Cambridge, ONGreat store and a great location!$580,000 - OhioView Full Listing

Plato's Closet Traverse City, MIGreat store and a great location!$499,000 - MichiganView Full Listing

Plato's Closet Newark, DEGreat store and a great location!$340,000 - DelawareView Full Listing

Plato's Closet for Sale- Conway, AR Teen Resale, Retail Store for Sale! $820,000 - ArkansasView Full Listing

Plato's Closet Glen Burnie, MDGreat store and a great location!$200,000 - MarylandView Full Listing

Plato's Closet Ridge Rd. Rochester, NYGreat store and a great location!$491,000 - New YorkView Full Listing

Plato's Closet Henrietta Rd. RochesterGreat store and a great location!$617,000 - New YorkView Full Listing

Plato's Closet Escondido, CAHigh Performing Store$650,000 - CaliforniaView Full Listing

Plato's Closet Rapid City, SDHigh Performing and Profitable Store!$435,000 - South DakotaView Full Listing

Plato's Closet South Portland, MEProfitable Location!$700,000 - MaineView Full Listing

Plato's Closet Arlington, TXGreat store and a great location!$375,000 - TexasView Full Listing

Plato's Closet For Sale Tallahassee, FL Great store and a great location!$595,000 - FloridaView Full Listing

Plato's Closet Gresham for Sale! Profitable Teen Resale Clothing Store for Sale! $199,000 - OregonView Full Listing

Recent Articles

Franchising 2021: Optimism Abounds

In April of this year, Rick Bisio, the owner of Franchise Resales and author of the bestselling book "The Educated […]

5 Lessons Learned From the Recession That Are Still True Today

This past summer, Rick Bisio wrote an article for Entrepreneur.com about the economic impacts of 2020. He mentions that in […]

Are You Kidding…You Own A Franchise?

In 2005, Shira Boss-Bicak wrote an article for The New York Times about the stigma associated with owning a franchise […]

Preparation is the Key to Franchise Resales

Owner Rick Bisio wrote an article for Entrepreneur at the height of the pandemic in March of 2021. Many business […]

How Much Influence Does a Franchisee Have?

Our owner Rick Bisio argues there are both pros and cons when it comes to starting and inventing your own […]

12 Lessons From The End of The Road

When I was working with the City of Bradenton Beach as the Chair of Planning and Zoning about 15 years […]