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Established Plato's Closet

Broomall, PA

Seller Financing Available

listing image
Asking Price:$175,000
Gross Revenue:$900,000
Established Year:2012
Cash Flow:$100,000
Inventory:$100,000
Listing ID: 2288473Listing provided by BizBuySell
BUSINESS DESCRIPTION

Established and historically profitable opportunity!

Entrepreneur Magazine has ranked Plato's Closet #1 in its category

Plato's Closet offers a truly unique retail franchise opportunity, as it is the leading national teen/young adult retail store of its kind - focusing on the buying and selling of gently used, brand-name apparel and accessories for girls and guys! Our stores fill a distinct niche in the retail marketplace. With over 500 stores throughout North America, the average Plato's Closet generates more than $1,000,000 in annual sales!

This unique business opportunity does not come around often. We have been fortunate to serve the Delaware County community with such an incredible concept for 10+ years, helping teens stretch their budgets and preserving our environment at the same time through a sustainable and eco-friendly business. We support our local community by keeping inventory dollars local, creating jobs, and providing affordable fashion for young adults through a strong social media following and an extensive loyalty program.

We are looking for a passionate owner-operator to continue to serve our community with the #1 ranked teen resale brand, Plato's Closet. If you're looking for an opportunity to step into a proven business and hit the ground running, this store might just be perfect for you!

*Prospective Buyers must first qualify with Franchisor to obtain financial details.
*Asking price does not include inventory. Physical inventory to be completed prior to transfer date.
*Please do not contact store directly or speak to the employees about the sale of the business.

DETAILED INFORMATION
Location
Broomall, PA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,400
Lease Expiration
01/09/2026
Employees
10
Facilities
All furniture, retail fixtures, and equipment are included in sale. Server and POS are current so no upgrades needed. Asking price does not include inventory that is currently estimated at $100,000. Physical inventory to be completed prior to transfer date.
Competition
Store is in an excellent, high traffic shopping center with several national brands. There is ample parking and the store has been refreshed to franchisor's brand standard. This resale brand is unique to the community.
Growth & Expansion
Fantastic growth opportunities for an engaged owner-operator who follows the franchisor model. New owner will be able to see immediate growth through customer-service and local store marketing with local high schools, colleges and special events. Snapchat and tik-tok advertising will be an easy way to drive additional traffic. Revising prices and margins will also generate immediate profit.
Financing
Seller financing available and Negotiable.
Support & Training
An extensive training program from franchisor to prepare you for the business ownership. Ongoing operations and marketing support from the dedicated franchise team. Current owner and staff will help train new owners.
Reason for Selling
Absentee Owner and Divorce
Franchise
This business is an established franchise
BUSINESS LOCATION
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Cat Eckstaedt
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Cat Eckstaedt
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