Platos Closet Franchise Resale For Sale

Business description

Only the need for the owners to focus on additional stores in their portfolio allows this location to become available. Plato's Closet is the fastest growing brand in the Winmark Corporation family of brands. This location has been operating for six years and has built a loyal, local clientele. There's a strong team of staff members in place with excellent knowledge of the concept. The store would greatly benefit from an owner focused on only this location. Stores in the Plato's Closet system operate at an avereage Gross Profit Margin of over 60%!! Unheard of in retail and worth checking out!!

Franchise terms

10 year franchise agreement, 4% royalty on sales, protected territory.

Property information

Real Estate:

Lease

Lease terms:

Through September 2012.

Leasehold rent:

$$62,000 per annum

Location:

The shopping center is at high occupancy with good draw stores such as TJ Maxx, Shoe Carnival and Blockbuster Video. The center is well maintained and located in a densely populated area with homes and apartments in all directions. 3,200 Square foot space.

Premises details:

3,200 Square feet. $62,000 annual rent.

Other information

Competition / Market:

There are no similar businesses in the area including consignment stores. There are several discount retailers which help attract our target clientele to the area. Several plans in the works to revitalize the regional mall in the area.

Support & training:

Training required by franchisor upon transfer. Ongoing support includes advertising, merchandising, inventory managment, financial analysis, field visits and more.

Reasons for selling:

Multi-Unit franchisee needs to focus on their other locations. This store will greatly benefit from daily attention from a new owner.

Furniture / Fixtures value:

$40,000 (included in the asking price)

Inventory / Stock value:

$31,000 (included in the asking price)