Price Reduced, Profitable Resale Franchise For Sale-Plato's Closet!!

Lyndhurst, NJ (Bergen County)

Price Reduced, Profitable Resale Franchise For Sale-Plato's Closet!!
Contact Seller

Asking Price: $280,000

Cash Flow: N/A

Gross Revenue: N/A



Inventory: $60,000

Rent: $8,028 /Month

Established: 2015

Price Reduced, Profitable Resale Franchise For Sale-Plato's Closet!!

Save Print Share Valuation Report

Business Description

Plato's Closet entered the Lyndhurst market in 2015 and has seen solid growth each month. Plato's Closet of Lyndhurt is a unique, profitable business with no direct competitors in the area. Because of our distinct position in the market, we attract customers as far as a 20 mile radius, not just within the immediate area. Our business is all about repeat customers that buy from us and sell their merchandise to us. Because of the value we bring and the constantly changing selection on-hand everyday we have established many loyal customers that come in weekly or 2x a week. With the most current look and feel, our store is fully compliant with the franchise branding standards so this is a completely turn-key business for a new owner to hit the ground running!

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.

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.

Detailed Information

Lyndhurst, NJ
Included in asking price
Real Estate:
Building SF:
Lease Expiration:
3,013 SF space located in Lyndhurst Town Center on Valley Brook Ave and Delafield Ave. Plenty of parking available for customers and staff. Excellent co-tenancy with local and national retailers such as Pet Valu,TJ Maxx, Rite Aid, Dollar Tree, Payless Shoes, and Dunkin Donuts.
There are no significant competitors in the immediate area. While there are value and discount retailers in the market, no one is able to compete with Plato's Closet's value by paying our customers cash on the spot for their gently used clothing.
Growth & Expansion:
The biggest impact a new owner can have on top line sales is with a local, full-time presence and a hands on management approach to build relationships with customers and staff. Just keep buying great merchandise from the customers and maintain a strong social media presence, there will be plenty of opportunity for sales growth.
Support & Training:
Training required and provided by franchisor upon transfer. Additional ongoing support includes marketing and advertising, merchandising, inventory and financial management. New product buying group for great pricing on new equipment and freight charges. Ongoing educational and support opportunities through field staff, conferences, trade shows and more.
Reason for Selling:
Moving oversees to be with family
This business is an established franchise
Business Website:
Contact Seller

Contact the Seller

(from currently available funds)
Contact Seller Loading

Cat Eckstaedt

Business Listed By:
Cat Eckstaedt

Winmark Corporation

Show Phone Number

View My Listings

Listing Statistics


Demographic Information


Ad#:1447074 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings

Lapels Dry Cleaning

Franchise Opportunity
Cash Required: 100000