Profitable Plato's Closet Franchise!

Las Vegas, NV (Clark County)

Clean, Organized and Loaded with Inventory!

Asking Price:$350,000

Cash Flow:N/A

Gross Revenue:$705,000




Rate/Sq. Ft.:N/A


Profitable Plato's Closet Franchise!

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Business Description

Plato's Closet opened in the Las Vegas in 2012 and hit the ground running. The store immediately built a strong following and sales have continued to grow year over year.

As a brand 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 nearly 440 stores is just under $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!

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 nearly 440 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 plenty of room to grow sales - Plato's Closet Las Vegas is for you!

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
15 most pt
Just over 3,000 square feet 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.
No direct competition in the area. This store owns the market!
Growth & Expansion:
Additional emphasis on marketing including digital and social media will have a positive impact on sales.
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. The franchisor may require an additional investment in working capital for initial operations.
Reason for Selling:
Moving on to another opportunity.
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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