Profitable Plato's Closet! #1 Franchise in Apparel and Accessories!

Beaumont, TX (Jefferson County)

Profitable Plato's Closet For Sale!
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Asking Price: $300,000

Cash Flow: N/A

Gross Revenue: $726,159

EBITDA: N/A

FF&E: N/A

Inventory: $64,000*

Rent: $6,333.33 /Month

Established: 2011

*not included in asking price.

Profitable Plato's Closet! #1 Franchise in Apparel and Accessories!

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Business Description

Plato's Closet Beaumont, TX opened in 2011 and has been serving the local community for 8 years. This profitable location is practically a turn key operation with only a few upgrades that need to be done. The owners have multiple locations around Houston market and their plan is to downsize in preparation for retirement.

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 basis. The business and financial model for this brand is unparalleled.

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

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
11
Facilities:
Plato's Closet Beaumont is located in a modern and attractive shopping center (renovated in 2010) that is anchored by Steinmart and also hosts a number of popular restaurants and retail stores. Plato's Closet is located in a stand- alone building within the shopping center. This ensures quiet operation with no interference from neighboring tenants. The center is immediately across the road from Parkdale Mall and is 3 block from the freeway exit. This location provides high traffic. Parking is plentiful.
Competition:
There are no direct competitors to Plato's Closet. Goodwill has a nearby location, but the produce quality and customer experience are sharply different than Plat's Closet.
Growth & Expansion:
The store would benefit from additional buying and higher inventory. This could lift sales by 10% or more. Careful, consistent buying has been proven to be a money maker in this store. Sales would be supported by increasing marketing to high schools and Lamar University, and advertising. Like any business the more you market the business the better. A new management team has recently been put in place and this has helps to increase sales; management would be enhanced by a local owner in presence.
Support & Training:
Training is required and provided by franchisor after purchase of the store is completed. On-going franchisor support includes advertising, marketing, merchandising, inventory and financial management. Additional training and education opportunities available at the annual franchisee conference, trade show and regional meetings. In store support through Field Operations Managers bi-yearly visits. Additional visits are possible if requested. Franchisor may require an additional investment in working capital and brand standard upgrades.
Reason for Selling:
The owners are downsizing their operation and looking forward to retirement.
Franchise:
This business is an established franchise
Business Website:
http://www.platosclosetbeaumont.com/
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Business Listed By:
Cat Eckstaedt

Winmark Corporation

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