Start-Up Costs and Fees |
||
| Plato's Closet | Phone-n-Fix | |
| Investment | 251700 - 390700 | 109788 - 179147 |
| Franchise Fee | ||
| Royalty Fee | 5% | 7% |
| Advertising Fee | $1K/yr. | 2%local + Up to 2%Nat'l |
| Year Founded | 1998 | 0 |
| Year Franchised | 1999 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Plato's Closet | Phone-n-Fix | |
| Experience | Prior retail or mobile technology industry experience is not a requirement to join our system. We are seeking franchise owners who will be able to properly staff and manage their stores, applying any relevant management experience, customer relations/service skills, leadership, and communication skills to help build an effective retail and service-oriented business. | |
Financing Options |
||
| Plato's Closet | Phone-n-Fix | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Plato's Closet | Phone-n-Fix | |
| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | Pre-opening training will be preceded by a review of the operations manual, as well as online demonstrations and tutorials. Additionally, we will provide training for the franchise owner and a lead technician, with modules on topics such as repairs and service procedures and overall business operations. |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | We will present you with a copy of our confidential operations manual to help you run your business properly on a day-to-day basis. A franchisor representative will assist you before and after your store opening to assist with merchandising, POS system and overall operation of the business. We will also provide remote support and ongoing guidance, and answer questions you may have. |
| 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 | Phone-n-Fix | |
| 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 | 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 | |
| Phone-n-Fix | |
| Franchise Fee | |
| Plato's Closet | |
| Phone-n-Fix | |
| Royalty Fee | |
| Plato's Closet | 5% |
| Phone-n-Fix | 7% |
| Advertising Fee | |
| Plato's Closet | $1K/yr. |
| Phone-n-Fix | 2%local + Up to 2%Nat'l |
| Year Founded | |
| Plato's Closet | 1998 |
| Phone-n-Fix | 0 |
| Year Franchised | |
| Plato's Closet | 1999 |
| Phone-n-Fix | 0 |
| Term Of Agreement | |
| Plato's Closet | 10 years |
| Phone-n-Fix | 10 years |
| Renewal Fee | |
| Plato's Closet | 5000 |
| Phone-n-Fix | |
Business Experience Requirements |
|
| Experience | |
| Plato's Closet | |
| Phone-n-Fix | Prior retail or mobile technology industry experience is not a requirement to join our system. We are seeking franchise owners who will be able to properly staff and manage their stores, applying any relevant management experience, customer relations/service skills, leadership, and communication skills to help build an effective retail and service-oriented business. |
Financing Options |
|
| Franchise Fees | |
| Plato's Closet | No |
| Phone-n-Fix | No |
| Start-up Costs | |
| Plato's Closet | |
| Phone-n-Fix | |
| Equipment | |
| Plato's Closet} | |
| Phone-n-Fix | |
| Inventory | |
| Plato's Closet | |
| Phone-n-Fix | |
| Receivables | |
| Plato's Closet | |
| Phone-n-Fix | |
| Payroll | |
| Plato's Closet | |
| Phone-n-Fix | |
Training & Support |
|
| Training | |
| Plato's Closet | On-The-Job Training: 30 hours Classroom Training: 48 hours |
| Phone-n-Fix | Pre-opening training will be preceded by a review of the operations manual, as well as online demonstrations and tutorials. Additionally, we will provide training for the franchise owner and a lead technician, with modules on topics such as repairs and service procedures and overall business operations. |
| 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 |
| Phone-n-Fix | We will present you with a copy of our confidential operations manual to help you run your business properly on a day-to-day basis. A franchisor representative will assist you before and after your store opening to assist with merchandising, POS system and overall operation of the business. We will also provide remote support and ongoing guidance, and answer questions you may have. |
| Marketing | |
| Plato's Closet | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Phone-n-Fix | |
| Operations | |
| Plato's Closet | Number of Employees Required to Run: 3 - 5 |
| Phone-n-Fix | |
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 |
| Phone-n-Fix | 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 | |
| Plato's Closet | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Phone-n-Fix | |
| International Expansion | |
| Plato's Closet | |
| Phone-n-Fix | |