Description of the business for sale
This is a great new franchise store (Plato’s Closet) that specializes in clothes and fashion accessories for teens and young adults. They specialize in only the hottest brand name designers for girls and guys. The store is ideally located in a high growth community with great demographics, visibility, and access. Similar stores in the chain have revenues over $1.7 million per year. This store is less than one year old and already profitable. The 2008 projection shows over $80,000 in cash flow with very conservative revenue projections. Nationally stores after only one year average $569,606 in sales with 62% Gross Profit margins. Please go to the franchisor's web site at www.PlatosCloset.Com for more information on the concept. Owner has to relocate out of state to care for ailing parents.
Competition: No direct competitors in the area. There are seven other franchise units in the Metroplex that Co-op together for advertising purposes. This unit has the best location and is getting rave reviews from the customers.
Growth and Expansion: Excellent location in a high growth community. The owner has flexibility to add products as they see fit. The local franchises have formed a co-op to share advertising and marketing dollars.
Support / Training provided by seller
Up to thirty days training and support from the owner and excellent on-going support from the Franchisor. Local support from the co-op group also.
Description of the facilities
Brand new leased facility and build-out with 3,120 sq.ft. located in an upscale strip center on a hill with great visibility and access. Surrounding area has very high demographics and population growth. Great signage and inside build-out.