Consignment Franchise Over $1M Revenue and Rising close to 20 yrs
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Premier Resale Retail Opportunity in a Booming Industry
This is a rare opportunity to acquire a highly profitable, consistently top-performing retail business operating in the thriving secondhand apparel market. The resale sector is experiencing explosive, sustained growth, projected to significantly outpace traditional retail, making this acquisition a strategic entry point into the future of fashion commerce.
Exceptional Growth Trajectory: The resale apparel industry is growing at a Compound Annual Growth Rate (CAGR) of over 10 % and is driven by shifting consumer values favoring sustainability, affordability, and unique style—especially among younger generations. This business is perfectly positioned to capture this demand.
Superior Financial Structure: The sale includes a significant, pre-negotiated advantage: a grandfathered-in royalty fee of only 4%. This is substantially below the industry standard range of 5-8% or more, resulting in an immediate and continuous boost to the new owner's net profit margin.
This is a rare opportunity to acquire a highly profitable, consistently top-performing retail business operating in the thriving secondhand apparel market. The resale sector is experiencing explosive, sustained growth, projected to significantly outpace traditional retail, making this acquisition a strategic entry point into the future of fashion commerce.
Exceptional Growth Trajectory: The resale apparel industry is growing at a Compound Annual Growth Rate (CAGR) of over 10 % and is driven by shifting consumer values favoring sustainability, affordability, and unique style—especially among younger generations. This business is perfectly positioned to capture this demand.
Superior Financial Structure: The sale includes a significant, pre-negotiated advantage: a grandfathered-in royalty fee of only 4%. This is substantially below the industry standard range of 5-8% or more, resulting in an immediate and continuous boost to the new owner's net profit margin.
About the Business
- Years in Operation
- 16
- Facilities & Assets
- Plato's Closet Asheville, the place to shop for teen and young adult styles and brands, has been the leader in the recycled clothing market in Asheville for over 15 years! The original owners opened Plato's Closet and operated
the business for 8 years before selling it to the current owner, who built upon the previous owner's success and took it to the next level through delivering excellent customer service and developing awareness for the business throughout the community. - Market Outlook / Competition
- Our excellent customer service, consistently organized racks of clothes, and the ongoing building of relationships with new and repeat customers. Plato's Closet's advantage is immediate cash-on-the-spot for gently used, trendy
teen/young adult apparel, offering a faster and cleaner experience than consignment.
Current Industry Overview:
Thrifting is an increasingly popular way to shop for teens and young adults (as well as more mature customers!). - Opportunities for Growth
- The biggest growth opportunities for a resale apparel store like this one lie in strategically dominating the two core
demographic drivers of the secondhand market: the youth (students) and high-growth diverse communities (Latino/Hispanic).These are not separate customer segments but often overlap, and a generalized strategy should focus on the common values that attract both groups: affordability, authenticity, and digital connection.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,200
- Rent
- $8,200.00 per month
About the Sale
- Seller Motivation
- Other interest
- Transition Support
- 2 Week
- Financing Options
- Financing Amount $59.900,00 Interest 10% Terms Months 360 Monthly Payment $791,58
Listing Info
- ID
- 2441609
- Listing Views
- 184
Listing ID: 2441609 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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