Price Reduced, Motivated Seller-Plato's Closet!

Oklahoma City, OK (Oklahoma County)

Plato's Closet
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Asking Price: $175,000

Cash Flow: N/A

Gross Revenue: $796,671

EBITDA: N/A

FF&E: N/A

Inventory: $75,000*

Rent: $7,116 /Month

Established: 2014

*not included in asking price.

Price Reduced, Motivated Seller-Plato's Closet!

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Business Description

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 over 475 locations and more opening every month, Plato’s Closet is the fastest growing franchise in the teen retail space.

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 more than 475 stores is over $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!

If you're looking for a profitable business with a proven brand and the opportunity to hit the ground running - Plato's Closet Oklahoma City is worth checking out!

Detailed Information

Location:
Oklahoma City, OK
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,960
Lease Expiration:
N/A
Employees:
15
Facilities:
Plato's Closet of Oklahoma City is located in the Westgate Marketplace on the corner of Reno Avenue and Greenfield Center Drive The strip center was constructed in 2014 upon signing the lease agreement, providing the unique advantage of having the space constructed to our specifications. It was designed to be a Plato's Closet! The store is positioned on an end cap with ample parking and visibility. The shopping center also includes well know retailers such as Walmart, Hobby Lobby and Dicks Sporting Goods.
Competition:
The store will benefit greatly from having a local owner who would be in a far better position to cultivate and maintain a culture of excellent customer service. Frequent and consistent training and development will help drive higher staff performance. This Plato's Closet has grown in the presence of other local competitors and thrift stores.
Support & Training:
Training required and provided by franchisor upon transfer. Additional ongoing support includes marketing and advertising, merchandising, inventory and financial management. Ongoing educational and support opportunities through field staff, conferences, trade shows and more.
Reason for Selling:
Travel distance from the store is no longer feasable for owner.
Franchise:
This business is an established franchise
Business Website:
http://www.platosclosetoklahomacity.com
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Cat Eckstaedt

Business Listed By:
Cat Eckstaedt

Winmark Corporation

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