Plato's Closet entered the Monterey market in 2008 and by following the franchise business model, they've established a profitable business with a very loyal customer base. This is a turn key opportunity with excellent long term staff and a solid annual income for the owners.
The system average gross sales for Plato's Closet is just over $1M with gross margins of over 60%. The numbers speak for themselves and have gained the attention of publications such as Forbes Magazine which recently ranked Plato's Closet as the #1 Franchise in the $150,000 - $500,000 investment category!
Plato's Closet offers a truly unique retail franchise opportunity, as it is the leading 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! Plato's Closet has over 400 store locations throughout North America, and that number continues to grow.
Our stores fill a distinct niche in the retail marketplace. We are the leading 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.
If you're looking for an opportunity to step into a business and hit the ground running, Plato's Closet in Monterey is worth checking out!
Asking Price $299,000
Profit Available On Request
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