Owner Financing Resale Franchise $1MILLION+ in sales and 20%+ SDE
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A lucrative business opportunity in a booming industry.
Owner Financing Resale Franchise $1MILLION+ in sales and 20%+ SDE
Owner Financing for right Buyer, Franchisor requires one year residency. Are you looking for a thriving business opportunity in the resale market? Look no further than Plato's Closet Asheville, a well-established resale store located in North Carolina, United States. With over 15 years of experience in the recycled clothing market, Plato's Closet Asheville has become the go-to destination for teen and young adult styles and brands in the community. Originally founded by dedicated owners who operated the business successfully for 8 years, Plato's Closet was then acquired by the current owner in 2017. Since then, the business has seen remarkable growth, with sales surpassing $1.2 million annually. The secret to this success? A relentless focus on delivering exceptional customer service, fostering community awareness, and maintaining a strong inventory management system. One of the standout features of Plato's Closet Asheville is its unique buying process, where local community members can sell their gently-used clothes and shoes for cash on-the-spot, totaling over $450,000 in payouts each year. This not only provides customers with much-needed funds but also creates a strong bond between the store and its community. The potential for growth in this business is limitless, especially with a strategic focus on targeting key demographic drivers such as students and high-growth diverse communities. By tapping into the values of affordability, authenticity, and digital connection, there is a prime opportunity to further expand the customer base and drive revenue. If you are a savvy entrepreneur looking for a turn-key resale store with a loyal customer base and proven track record of success, Plato's Closet Asheville is the perfect investment for you. With an experienced management team in place and a solid foundation already established, you can step into this thriving business and take it to new heights. To learn more about this exciting business opportunity,
Owner Financing for right Buyer, Franchisor requires one year residency. Are you looking for a thriving business opportunity in the resale market? Look no further than Plato's Closet Asheville, a well-established resale store located in North Carolina, United States. With over 15 years of experience in the recycled clothing market, Plato's Closet Asheville has become the go-to destination for teen and young adult styles and brands in the community. Originally founded by dedicated owners who operated the business successfully for 8 years, Plato's Closet was then acquired by the current owner in 2017. Since then, the business has seen remarkable growth, with sales surpassing $1.2 million annually. The secret to this success? A relentless focus on delivering exceptional customer service, fostering community awareness, and maintaining a strong inventory management system. One of the standout features of Plato's Closet Asheville is its unique buying process, where local community members can sell their gently-used clothes and shoes for cash on-the-spot, totaling over $450,000 in payouts each year. This not only provides customers with much-needed funds but also creates a strong bond between the store and its community. The potential for growth in this business is limitless, especially with a strategic focus on targeting key demographic drivers such as students and high-growth diverse communities. By tapping into the values of affordability, authenticity, and digital connection, there is a prime opportunity to further expand the customer base and drive revenue. If you are a savvy entrepreneur looking for a turn-key resale store with a loyal customer base and proven track record of success, Plato's Closet Asheville is the perfect investment for you. With an experienced management team in place and a solid foundation already established, you can step into this thriving business and take it to new heights. To learn more about this exciting business opportunity,
About the Business
- Years in Operation
- 17
- 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 per month
About the Sale
- Seller Motivation
- Other interest
- Transition Support
- 2 Week
- Financing Options
- Owner Financing Interest 10% Owner Financing Terms Months 360
Listing Info
- ID
- 2441609
- Listing Views
- 1235
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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