Mature, Profitable Plato's Closet Franchise
Plato's Closet has been in the Wichita market for ten years yet it continues to attract new customers and maintain a high sales volume. The store is profitable and has been for many years. The reputation in the market is excellent which has created a loyal base of repeat customers.
The customer and email marketing list is extensive which will be a tremendous asset for the buyer. The store is in an "A" location with a solid lease.
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 bases. The system wide sales average across nearly 440 stores is just under $1M. The business and financial model for this brand is unparalleled.
This location is an excellent opportunity to acquire an existing business and hit the ground running.
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 business with a proven brand and the support in place to help you succeed, Plato's Closet in Wichita is for you!
Children's Resale Shop
Sedgwick County, KS
FSBO is a children's resale shop in Wichita, KS. Included in the sale is all inventory, fixtures, POS, computer data base, rights to all branding and marketing- the complete package for a turn key operation. In business for more than 7 years, this business is predictable and profitable. Family commitments cause us to feel torn, so we hope to find another entrepreneur who is ready to take the business to the next level. The perfect profile is someone who is outgoing and has a love for customer service as a base; loves working with families to provide them excellent selection and great prices to make this store an exciting place to be. The perfect profile will also include someone who is great a multi-tasking, hard working, creative and willing to try new things. The only constant in retail is change, so being able to adapt the store to fit the customers needs is important. There is such a positive energy that comes from this line of work, that in general, the right person will need to be a glass half full personality with a great team work mentality. The inventory currently being offered includes children's clothing size 0-14, maternity, shoes, toys, equipment, accessories and more. There are some brand new items, but the majority is product we've purchased from other people. The POS/computer system is specific for resale/consignment store, and the new owner would have access to all the client data and purchase history. Because this business is locally owned, and build from the ground up, all the processes and procedures have been an evolution and proven successful. A professional HR consultant provided HR P&P, while extensive work in resale has developed the P&P for day to day operations. Current owner does not work scheduled shifts, but is more of a day to day support, marketing and administrative function, so current staff are accustomed to working independently. The store has an 8 camera system to monitor activity and security. The process of purchasing inventory from customers is fairly straight forward and the percentage paid to them is a formula managed by the POS/computer. There is so much potential in this sustainable business. Current competitors would include online resale sites and big warehouse sales, but after 5 years in business, it can honestly be said that there is little competition, and the other options to sell are not as convenient. This business is build to be as convenient for customers as possible. It is better than a garage sale, and all the hard work of sorting/tagging/hanging is taken care of so there is little to be done but drop off the inventory. Unpurchased inventory is returned to the customer or donated to local charity. Special events are scheduled every other month to keep things fresh and exciting for customers. Incentives for return customers and giveaways throughout the year keep customers coming back. Previous retail/resale/children's experience is not necessary. The characteristics mentioned earlier are the most important. We really hope to find someone who will love this store as much as we do but we able to give it more attention and time. We hope that right person is you!