REDUCED Profitable Plato's Closet Franchise - Teen/Young Adult Apparel

Greensburg, PA (Westmoreland County)

Plato's Closet Greensburg

Asking Price:$200,000

Cash Flow:N/A

Gross Revenue:$425,000





REDUCED Profitable Plato's Closet Franchise - Teen/Young Adult Apparel

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Business Description

Plato's Closet was recently named the #1 franchise in the $150,000 - $500,000 investment range from Forbes so there's no better time to look at this brand! The Greensburg location is in Greengate Centre with Walmart, Ross, Petco, Panera Bread, Chick-fil-a and more. The target market for this business is Junior/Senior high school and college students and the 5 mile trade area around the store has over 15,000 customers in this demographic!

Plato's Closet offers a truly unique retail franchise opportunity, as it is the leading national teen retail store of its kind -- focusing on the buying and selling of gently used, brand-name apparel and accessories for girls and guys! Plato's Closet has over 400 store locations throughout North America, and that number continues to grow.

Our stores fill a distinct niche in the retail marketplace. We are the leading national resale business that specializes in the teen and twenty something market group. The wish list for trendy, brand-name apparel and the availability of it in virtually every teen's closet presents fantastic opportunities for both franchise owners and customers alike. With system average sales of over $1M and gross profit margins exceeding 60% the numbers speak for themselves.

If you're looking for an opportunity to step into a business and hit the ground running, Plato's Closet in Greensburg is worth checking out!

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
2,900 square foot space with very attractive rent. Lease through June of 2018 and will stay the same upon renewal. Unlimited parking, newly painted. Shopping center is well maintained. Easy access into the center and excellent signage.
No resale competition in the Greensburg market.
Growth & Expansion:
Health issues have limited the day to day operational abilities of the current owner. Hands on active ownership will have an immediate positive impact on sales.
Support & Training:
Training required and provided by franchisor after purchase of store is completed. On-going franchisor support includes advertising, marketing, merchandising, inventory and financial management. Additional training and education opportunities available at the annual franchisee conference and trade show. In store support through Field Operations Managers. Franchisor may require an additional investment in working capital.
Reason for Selling:
Business Website:

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Pete First

Business Listed By:
Pete First

Winmark Corporation

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