Platos Closet Franchise Rare Resale Opportunity For Sale

Business description

With only three territories left in Florida, here's a rare opportunity to acquire an existing Plato's Closet location in Royal Palm Beach!

Plato's Closet offers a truly unique retail franchise opportunity, as it is the only national teen retail store of its kind -- focusing on the buying and selling of gently used, brand-name apparel and accessories for girls and guys! We already have over 300 store locations throughout North America, and that number continues to grow.

Our stores fill a distinct niche in the retail marketplace. We are the only national resale business that specializes in the teen and twenty something market group. The wish list for trendy, brand-name apparel and the availability of it in virtually every teen's closet presents fantastic opportunities for both franchise owners and customers alike.

Total investment for this business including working capital and required franchise upgrades is $175,000. That's well below the start up costs for a new location. you're looking for an opportunity with upside and a hot, growing brand - this is it!

Property information

Real Estate:

Lease

Lease terms:

Lease is up in March of 2012. Relocation is an option at that time.

Premises details:

2,400 square feet. Leased through March 2012. Relocation is an option.

Business Operation

Expansion potential:

System wide sales for the average Plato's Closet Franchise is $858,000 at a 62% Gross Margin. This store has tremendous upside. Relocation is an option upon the lease expiration.

Reasons for selling:

Other business interests.

Franchise terms

Franchise opportunity:

Yes

10 year franchise agreement - 4% royalty on sales. New stores at 5%.

Other information

Support & training:

Formal training required by franchisor upon transfer. On-going support and training includes marketing, advertising, merchandising, financial management, inventory management, field visits, conferences and more.

Furniture / Fixtures value:

$10,000 (included in the asking price)

Inventory / Stock value:

$40,000 (included in the asking price)