Plato's Closet Retail Franchise Store – Palm Beach County, FL
$1.6M+ Sales | $200K+ Earnings | Top-Quartile Location
Plato's Closet is a retail clothing franchise for teens and young adults. This location in Palm Beach County was founded in 2009, and relocated to an upgraded site in 2020. It operates under a leading national brand with over 500 stores. Strong sales, consistent profitability, loyal customer base, and franchisor support.
Highlights
• $1.63M revenue (2023)
• Top-quartile performer (similarly sized stores)
• Exclusive territory
• Prequalified for an SBA loan by the company's existing bank
• Ideal for owner-operator or multi-unit buyer
Buyer Info
• Minimum liquidity: $40K
• Franchisor approval required
• $10K transfer fee
• Inventory adjusted at closing
Next Steps
Buyer background, proof of funds and NDA required for CIM and financials. Franchise application follows. Approval required prior to store visit.
Asking Price: $600,000. Per franchisor requirements, the purchase price for the business is calculated separately from the inventory. A new inventory will be conducted prior to closing and the inventory purchase price will be adjusted to match the current inventory level. Inventory in June 2025 was +/-$150,000. Cooperating broker: there is no success fee on inventory.
Please do not contact the store directly or speak to the employees about the sale of the business
Ad#:2349397
