Plato's Closet - High performing specialty teen clothing franchise

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 475 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. The average Plato's Closet generates approximately $1m in sales annually, but this Escondido location averages sales of over $1.6M annually and gross profit margins exceeding 64%, the numbers speak for themselves. This unique business opportunity does not come around often. We have been fortunate to serve this community with such an incredible concept for over 17 years, helping teens stretch their budgets and serving our environment at the same time through a sustainable eco-friendly business. We've been able to support our local community by keeping inventory dollars local, creating jobs, and providing affordable fashions that are so important to our young people. Now we are looking to move on to our next opportunity and are looking for a passionate owner 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 business and hit the ground running, Plato's Closet in Escondido is worth checking out! As a Winmark franchisee, you can expect: *A 100% franchised system that serves franchisee success—not corporate stores *An extensive training program to prepare you for the business ownership *Our willingness to work with first-time franchisees and family teams *Ongoing operations and marketing support from our dedicated franchise team *A critical and enticing niche inside the retail marketplace *Powerful POS system and online cloud platform to assist you with pricing and reporting *Rock-solid relationships with our third-party vendors *A robust corporate infrastructure that is ready to support the needs of our franchisees Buyer must qualify with Franchisor, Winmark Corporation. Please do not speak to the employees about the sale of the business. Thank you Location: Escondido, California Year Established: 2004 Number of Employees: 24 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 5,000 Rent: $10,122.00 Per Month Lease Expiration: 9/1/2024 Facilities: Retail clothing racks ond fixtures including H-racks, 4-Ways, 2-Ways, rounders, jet rail system, 8 fitting rooms including 1 ADA compliant, Cash wrap with server and 5 POS stations. a full list will be provided to qualified buyer. Website: www.platoscloset.com Market Outlook/ Competition: The store is in a great location just off the 15 freeway. Fantastic parking making it easy for our customers to get in and out carrying the items they are hoping to sell. The store has a protected franchise territory and the next closest location is over 30 minutes away. Growth & Expansion: Fantastic growth opportunities are all around. A new owner will be able to see immediate growth through local store marketing, connecting with local high schools, colleges and special events. Jumping into the digital space with snap chat and tic tok advertising will be an easy way to drive additional traffic. There may also be some revenue increase opportunities with a careful strategic increase in some pricing.