PRICE REDUCED!! Established, Profitable Plato's Closet Franchise

Southaven, MS (DeSoto County)

Turn Key - Fully Stocked - Step Right In!

Asking Price:$125,000

Cash Flow:N/A

Gross Revenue:$834,000

EBITDA:N/A

FF&E:$72,000

Inventory:$96,000*

Established:2010

*not included in asking price.

PRICE REDUCED!! Established, Profitable Plato's Closet Franchise

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Business Description

Plato's Closet has been in the Memphis market since 2007 and in Southaven for the last 6 years. The franchisee has done an excellent job building the brand and business in Memphis and a health issue is the only reason the store is available today. This particular location is situated next to the area's main movie theater and a Once Upon A Child franchise so the synergy is strong. Founded six years ago, this location has been profitable every year since the doors opened. This is your opportunity to own a turn-key franchise with one of the nation's premier retail brands.

As the established leader in the teen resale 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 450 locations and more opening every month, Plato’s Closet is the fastest growing retail franchise in North America.

The store is beautiful, fully staffed and ready for you to hit the ground running!

Detailed Information

Inventory:
Not included in asking price
Employees:
20 most PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4200 square foot space in a busy center. The store is very well designed, neat and clean with an open layout. Large back room for storage and break area. There is ample shared parking throughout the plaza. The lease runs through mid-February, 2020.
Competition:
Very little competition in the teen resale space. With Once Upon A Child and the area's major movie theater located across the street there's quite a bit of synergy in the immediate area.
Growth & Expansion:
A new owner will have a much larger presence in the store which will help drive the business and increase sales. There's a large opportunity to expand the digital marketing efforts to increase the reach to the customer base and teen demographic.
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:
Attending to a medical/health issue.
Franchise:
This business is an established franchise
Business Website:
http://www.platosclosetsouthaven.com

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Pete First

Business Listed By:
Pete First

Winmark Corporation

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