Plato's Closet entered the Raritan market in 2012 and has seen solid growth year over year. Time commitment to assist family members puts this store on the market.
Plato's Closet customers are loyal and typically visit the store many times each week because the inventory changes every day. The foundation for growth is established and ready for a new owner to expand and build upon. With system average gross sales for Plato's Closet just over $1M, there's plenty of opportunity with this location.
Plato's Closet offers a unique retail franchise opportunity, as it is the leading national teen retail store of its kind to offer buying and selling of the name brand gently used teen apparel and accessories.
As the established leader in the teen resale-retail space, Plato's Closet offers gently-used, brand-name apparel and accessories to both girls and guys at a fraction of the retail cost. With more than 450 locations and more opening every month, Plato's Closet is the fastest growing franchise in the teen retail space. Acquiring this existing location requires a fraction of the time and investment needed to start a new store from scratch.
5,400 square foot space in a busy center. Lease until April 2017 with two 5 year options. Retail space is in great condition. Plenty of parking available. Utilizing storage space next door so no need for offsite storage.
One of the largest locations in NJ. Great location for buying and selling. No competition locally. Many large apartment complexes and housing developments are being built in this growing area.
Opportunities exist to build upon the relationships with local schools, sports, etc. Additional investment in advertising and a full time owner operator in the store will have an immediate impact on top line sales.
Training provided and required by franchisor upon transfer. On-going support in advertising, merchandising, financial and inventory management, social media training and more provided by franchisor through field visits, regional meetings and national franchisee conferences.
If you are looking for an opportunity to take over an exciting business with room to grow - Plato's Closet in Raritan is worth checking out!
Asking Price $325,000
Profit Available On Request
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