Turn Key - Established Plato's Closet Franchise - Owner Retiring!

Batavia, IL (Kane County)

Turn Key - Fully Stocked - Step Right In!
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Asking Price: Get Financing: $170,000

Cash Flow: N/A

Gross Revenue: $600,000

EBITDA: N/A

FF&E: $26,000

Inventory: $60,000*

Lease Rate: N/A /SF

Established: 2010

*not included in asking price.

Turn Key - Established Plato's Closet Franchise - Owner Retiring!

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Business Description

Plato's Closet opened in the Batavia market in July of 2010 and has enjoyed great success over the years. The owner is ready to retire and turn this business over to a new franchisee who is positioned to take the store to the next level in sales. System average sales for Plato's Closet across over 475 locations is just under $1M so there's plenty of upside in this location.

This family owned location has developed a loyal following with excellent repeat business. With this model, the inventory changes every day so many customers come in every week to see what's new!

This store has been upgraded to the new franchise brand standard look so a new owner can literally step in without an investment in updating the design. If you're looking for an established business with solid sales you can build upon, Plato's Closet Batavia is for you!

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.

As a brand, Plato’s Closet was ranked the #1 Retail Franchise Investment in the $150,000 - $500,000 range by Forbes and has been #1 in it's category in Entrepreneur's Franchise 500 on an annual bases. The system wide sales average across 475 stores is just under $1M. The business and financial model for this brand is unparalleled.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,500
Lease Expiration:
9/1/2020
Employees:
16 all pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Store is located in a busy strip center with Target as the anchor. There's plenty of parking and the center is in great condition. Store meets the new franchisor brand standards.
Competition:
Plato's Closet owns the teen and young adult resale market in this area and across the United States. No direct competition in Batavia.
Growth & Expansion:
There is an excellent foundation for a new owner to build from at this location. Continued and expanded social/digital advertising along with traditional local store advertising to the extensive email list will have a positive impact on 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.
Reason for Selling:
Retirement
Franchise:
This business is an established franchise
Business Website:
http://www.platosclosetbatavia.com
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Pete First

Business Listed By:
Pete First

Winmark Corporation

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