#1 Teen Resale Franchise for Sale!
| Asking Price: | $750,000 |
| Established Year: | 2002 |
| Gross Revenue: | $1,708,230 |
Plato’s Closet buys and sells gently used apparel, shoes, handbags and accessories to teens and young adults in a fast-paced, fun and energetic environment. We pay our customers cash on the spot for their gently used merchandise, and help them stretch their limited budgets further by offering them high quality, used merchandise at a fraction of the cost of new.
Plato’s Closet has been ranked by Entrepreneur Magazine as the #1 teen and #1 retail franchise for the past several years. We have the highest average unit sales volume in the industry and the highest gross margins. We have been the fastest growing resale retail franchise since our inception in 1999. In addition:
> The retail resale segment is hot right now, representing the fastest growing segment of retail
today
> Environmentally-friendly business models are driving the green economy
> Recycling businesses focused on sustainability are on trend and growing, and are especially
important to Gen Z and Millennial customers
> The shared economy represents the greatest opportunity for entrepreneurs now and in the
near future
> The service resale retail stores provides to their customers makes us an important part of
their communities
Current owner has been in the resale industry since 2007 growing this location from $350,000 to over $1.7m in 2023. Growth is continuing in 2024 currently at 18% over 2023!
