Turn Key Plato's Closet For Sale- #187 in Entrepreneurs Franchise 500

Laredo, TX (Webb County)

Turn Key Store- Fresh Look- Great Inventory
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Asking Price: $195,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $80,000*

Rent: $7,400 /Month

Established: 2018

*not included in asking price.

Turn Key Plato's Closet For Sale- #187 in Entrepreneurs Franchise 500

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Business Description

ABOUT THIS STORE:
Plato’s Closet Laredo, is a brand new turn key business with an incredible teen to young adult demographic. A new buyer can hit the ground running with this established location. With more attention and marketing efforts this location has the potential to be a top performer in our system.

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 Long Beach is worth checking out!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
8/1/2023
Employees:
7
Facilities:
All new everything, latest point of sale system, server, fixtures, floors, LED lighting open ceiling, 80K of inventory on hand, security cameras installed, brand new build out in newly refurbished center within a good center. Stores include Old Navy, Marshals, Big Lots, Home Goods, Sketchers, and Best Busy and next door to HEB. There is plenty of parking in the front, leave is 5 years with two 5 year options, and free rent until Dec. 2019.
Competition:
No major competitors, just Goodwill and some local shops.
Growth & Expansion:
New store, just needs time, attention and somebody to execute a marketing strategy.
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:
Family health issues
Franchise:
This business is an established franchise
Business Website:
http://www.platosclosetlaredo.com/
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(from currently available funds)
 
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Business Listed By:
Cat Eckstaedt

Winmark Corporation

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