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Listed by:

Transworld Business Advisors Greenville East

Resale Store $1.2M Gross and rising Over $200k For Sale

Buncombe County, North Carolina, US
Asking Price:
$599,900 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,202,965
Cash Flow:
$233,000

Consignment Store $1.2M Rev SBA Approved Over $200k SDE

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.

Property Information

Real Estate:

Lease

Location:

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. Aside from selling gently-used clothes and shoes, Plato's Closet buys items daily from
it's local community members. Plato's Closet pays customers over $450,000 each year with cash "on-the-spot" for
the items they sell to the store. This provides community members with money to buy the necessities they need
such as gas, food, meds, etc. When the current owner bought the business in 2017 it was producing
approximately $850k in sales. Today, Plato's Closet Asheville grosses over $1.2m in sales which speaks to the growth driven by the active involvement of the owner and effective management team. Attentive customer service,
daily inventory management, expanded advertising efforts, and employee development are key areas of this
business that the owner and management team focus on to continue to maintain and grow the business.

Business Operation

Expansion Potential:

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.

Competition / Market:

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!). Retailers are trying to figure out how to compete against the thrifting world. The global secondhand apparel
market is experiencing unprecedented, high-speed growth, with projections showing it will continue to
significantly outpace the traditional retail clothing market by a factor of 3 to 5X over the next five years.

Reasons for selling:

Other interest

Trading hours:

M-Th 10-8 F,Sa 10-9, Su 11-6

Employees:
15
Years established:
2009

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

2 weeks

Financing available:

Owner Financing Amount
$59,900.00
Owner Financing Interest
10%
Owner Financing Terms Months
360
Owner Financing Monthly Payment
$791.58

Furniture / Fixtures value:
$87,000 - included in the asking price
Inventory / Stock value:
$100,000 - included in the asking price