Business for Sale Overview:
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. Franchises in the Plato's Closet system operate at Gross Profit Margins of over 60%!
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
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. Approximately $70,000 of FF&E and inventory included in purchase price.
Market Competition and Expansion:
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 management, financial analysis, field visits and more.
Reason for Selling:
Multi-Store Owner focus on another business.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.