Top Rated Franchise For Sale! Plato's Closet Laurel!

Laurel, MD (Howard County)

Loaded with Inventory - Turn Key! Seller Financing available on inventory as well!
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Asking Price: Get Financing: $150,000

Cash Flow: N/A

Gross Revenue: $720,000

EBITDA: N/A

FF&E: $125,000

Inventory: $80,000

Lease Rate: $29.60 /SF/Year

Established: 2014

Top Rated Franchise For Sale! Plato's Closet Laurel!

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Business Description

Great opportunity to own a nearly new Plato's Closet franchise in Laurel, MD. Having opened in 2014, this is a turn-key operation. The current owner has multiple locations and is positioning for a relocation and retirement which puts this store on the market.

All equipment, assets and leaseholds are like new. All of the work has been done - site selection, lease negotiation, build out and start-up. Now this location is ready for the new owner's personal touch!

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 system wide sales average across nearly 440 stores in 2015 was just under $1M. 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 Laurel is for you!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,220
Lease Expiration:
N/A
Employees:
11 most PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Just over 4,200 sf. This location opened in 2014 so all assets, build out and fixtures are like brand new. Center has great parking and high traffic.
Competition:
There are a few smaller mom and pop consignment stores in the immediate area. There is also another resale store in the area but they don't buy inventory from the public. That is a key selling point for Plato's Closet - We Pay Cash on the spot for their items. No other store in the market can match the value we offer our customers.
Growth & Expansion:
A local owner in the Laurel area who can focus on this specific location will have an immediate impact on sales. Being in the store on a regular basis will allow for additional staff training which will improve efficiencies in the overall operation of the store. The system average sales for Plato's Closet across over 450 stores is just under $1M. This location does well but there's still plenty of room to grow and an owner based in the Laurel area will be the most effective at pushing sales.
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. Franchisor may require the buyer to have additional working capital available for initial operation of the business.
Reason for Selling:
Multi-Store owner consolidating operations and relocating from area.
Franchise:
This business is an established franchise
Business Website:
http://www.platosclosetlaurel.com
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(from currently available funds)
 
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Business Listed By:
Cat Eckstaedt

Winmark Corporation

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