Established, Profitable Plato's Closet Franchise

Clarksville, IN (Clark County)

Loaded with Inventory!

Asking Price:$399,000

Cash Flow:N/A

Gross Revenue:$635,000





Established, Profitable Plato's Closet Franchise

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Business Description

Plato's Closet has been in the Clarksville market for over 13 years so the customer base and sales history is tremendous! This store is on the market as part of an exit/retirement strategy for the seller who has multiple locations.

Plato's Closet was recently named the Top Retail Franchise in the $150,000 - $500,000 investment range. As such, all Plato's Closet territories are SOLD OUT in Indiana so this is a rare opportunity to acquire an existing business with plenty of upside.

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!

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 more than 400 locations and more opening every month, Plato’s Closet is the fastest growing franchise in the teen retail space.

If you're looking for a profitable business with a proven brand and the support in place to help you succeed, look no further than Plato's Closet Clarksville!

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
3,500 square foot space in a busy center next to several malls in a high traffic area. This location relocated in 2012 and added 1,500 square feet. Currently in the third year of a 7 year lease with a 5 year option.
There are a few mom and pop type consignment stores in the area but no direct competition in this targeted demographic.
Growth & Expansion:
On-site active ownership and daily management and training of the staff will have an immediate impact on sales and the customer experience. System average sales for Plato's Closet nationally is over $1M. This store has seen sales increases year after year and still has room to grow.
Support & Training:
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.
Reason for Selling:
Multi-Store owner consolidating for retirement.
This business is an established franchise
Business Website:

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Pete First

Business Listed By:
Pete First

Winmark Corporation

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