Start-Up Costs and Fees |
||
| Plato's Closet | Hut no. 8 | |
| Investment | 251700 - 390700 | 91700 - 201900 |
| Franchise Fee | ||
| Royalty Fee | 5% | $360/mo. |
| Advertising Fee | $1K/yr. | |
| Year Founded | 1998 | 2007 |
| Year Franchised | 1999 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Plato's Closet | Hut no. 8 | |
| Experience | ||
Financing Options |
||
| Plato's Closet | Hut no. 8 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Plato's Closet | Hut no. 8 | |
| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Number of Employees Required to Run: 3 - 5 | |
Expansion Plans |
||
| Plato's Closet | Hut no. 8 | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Plato's Closet | |
| Hut no. 8 | |
| Franchise Fee | |
| Plato's Closet | |
| Hut no. 8 | |
| Royalty Fee | |
| Plato's Closet | 5% |
| Hut no. 8 | $360/mo. |
| Advertising Fee | |
| Plato's Closet | $1K/yr. |
| Hut no. 8 | |
| Year Founded | |
| Plato's Closet | 1998 |
| Hut no. 8 | 2007 |
| Year Franchised | |
| Plato's Closet | 1999 |
| Hut no. 8 | 2009 |
| Term Of Agreement | |
| Plato's Closet | 10 years |
| Hut no. 8 | |
| Renewal Fee | |
| Plato's Closet | 5000 |
| Hut no. 8 | |
Business Experience Requirements |
|
| Experience | |
| Plato's Closet | |
| Hut no. 8 | |
Financing Options |
|
| Franchise Fees | |
| Plato's Closet | No |
| Hut no. 8 | No |
| Start-up Costs | |
| Plato's Closet | |
| Hut no. 8 | |
| Equipment | |
| Plato's Closet} | |
| Hut no. 8 | |
| Inventory | |
| Plato's Closet | |
| Hut no. 8 | |
| Receivables | |
| Plato's Closet | |
| Hut no. 8 | |
| Payroll | |
| Plato's Closet | |
| Hut no. 8 | |
Training & Support |
|
| Training | |
| Plato's Closet | On-The-Job Training: 30 hours Classroom Training: 48 hours |
| Hut no. 8 | You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building |
| Support | |
| Plato's Closet | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Hut no. 8 | |
| Marketing | |
| Plato's Closet | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Hut no. 8 | |
| Operations | |
| Plato's Closet | Number of Employees Required to Run: 3 - 5 |
| Hut no. 8 | |
Expansion Plans |
|
| US Expansion | |
| Plato's Closet | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Hut no. 8 | |
| Canada Expansion | |
| Plato's Closet | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Hut no. 8 | |
| International Expansion | |
| Plato's Closet | |
| Hut no. 8 | |