Price Reduced! Plato's Closet Store for Sale, Austin, TX

Austin, TX (Travis County)

Plato's Closet- Austin,Texas
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Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: $994,929

EBITDA: N/A

FF&E: N/A

Inventory: $70,000*

Rent: $0.00

Established: 2010

*not included in asking price.

Price Reduced! Plato's Closet Store for Sale, Austin, TX

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Business Description

ABOUT THIS STORE:
Opportunity to own a turn-key profitable Plato’s Closet store which offers brand names such as American Eagle, Hollister, Old Navy, Express, Tillys, Victoria Secret/Pink, Walmart, etc.
With Plato’s Closet brand recognition, there is ample opportunity for additional sales growth thru additional focus on social media and buying will have a positive effect on sales growth. Plato’s Closet has a new store look and executing that store refresh will certainly bring new energy to this already popular destination.

ABOUT PLATO'S CLOSET:
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 North Austin is worth checking out!

Detailed Information

Location:
Austin, TX
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,824
Lease Expiration:
5/18/2020
Employees:
14 PT
Facilities:
Business is located in an “A” type strip mall with great anchor tenants. The center is very well maintained, and parking is excellent. Opportunity to negotiate new lease will be for new business owner.
Competition:
Four additional Plato’s Closet’s in the market which gives the brand the strongest presence compared to competitors in the area.
Growth & Expansion:
Austin is in a growth mode. Overall, the Austin Plato’s Closet co-op is growing. The retail (new) side of the equation is growing rapidly in this territory. Purchasing good product is never a problem.
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:
Owners are a multi unit and brand owner looking to downsize their operations.
Franchise:
This business is an established franchise
Business Website:
http://www.platosclosetnorthaustin.com
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Cat Eckstaedt

Business Listed By:
Cat Eckstaedt

Winmark Corporation

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