Start-Up Costs and Fees |
||
| Plato's Closet | Play N Trade | |
| Investment | 251700 - 390700 | 216600 - 329000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | $1K/yr. | 2%local + 1%Nat'l |
| Year Founded | 1998 | 2001 |
| Year Franchised | 1999 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Plato's Closet | Play N Trade | |
| Experience | ||
Financing Options |
||
| Plato's Closet | Play N Trade | |
| Franchise Fees | No | Yes |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Plato's Closet | Play N Trade | |
| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | * Complete all the online training courses. * Read your daily emails that include tips and updates five days a week. * Attend the regular companywide conference calls which we typically hold twice per month. These calls are also recorded for your convenience. * Attend the training sessions at our Support Center in San Clemente CA. (approx nine days) * Work in a high volume store where you can learn from a successful veteran. |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | You will start by working with a franchise development professional who will guide you through the investigative and financing process. Once you are on board as a franchisee, you will begin working with our real estate department and guide you through the site selection process and negotiating your lease. You will be provided a checklist of items to get your store open. We will track your time to opening and will make sure that you are connected with the appropriate vendors at the right times to support you in your ordering, grand opening, Point of Sale training, and set up of your business accounts. We have support personnel at our office six days a week to answer your calls and emails. |
| 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 | Play N Trade | |
| 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 | 0 |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Plato's Closet | |
| Play N Trade | |
| Franchise Fee | |
| Plato's Closet | |
| Play N Trade | |
| Royalty Fee | |
| Plato's Closet | 5% |
| Play N Trade | 5% |
| Advertising Fee | |
| Plato's Closet | $1K/yr. |
| Play N Trade | 2%local + 1%Nat'l |
| Year Founded | |
| Plato's Closet | 1998 |
| Play N Trade | 2001 |
| Year Franchised | |
| Plato's Closet | 1999 |
| Play N Trade | 2003 |
| Term Of Agreement | |
| Plato's Closet | 10 years |
| Play N Trade | 10 years |
| Renewal Fee | |
| Plato's Closet | 5000 |
| Play N Trade | |
Business Experience Requirements |
|
| Experience | |
| Plato's Closet | |
| Play N Trade | |
Financing Options |
|
| Franchise Fees | |
| Plato's Closet | No |
| Play N Trade | No |
| Start-up Costs | |
| Plato's Closet | |
| Play N Trade | |
| Equipment | |
| Plato's Closet} | |
| Play N Trade | |
| Inventory | |
| Plato's Closet | |
| Play N Trade | |
| Receivables | |
| Plato's Closet | |
| Play N Trade | |
| Payroll | |
| Plato's Closet | |
| Play N Trade | |
Training & Support |
|
| Training | |
| Plato's Closet | On-The-Job Training: 30 hours Classroom Training: 48 hours |
| Play N Trade | * Complete all the online training courses. * Read your daily emails that include tips and updates five days a week. * Attend the regular companywide conference calls which we typically hold twice per month. These calls are also recorded for your convenience. * Attend the training sessions at our Support Center in San Clemente CA. (approx nine days) * Work in a high volume store where you can learn from a successful veteran. |
| 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 |
| Play N Trade | You will start by working with a franchise development professional who will guide you through the investigative and financing process. Once you are on board as a franchisee, you will begin working with our real estate department and guide you through the site selection process and negotiating your lease. You will be provided a checklist of items to get your store open. We will track your time to opening and will make sure that you are connected with the appropriate vendors at the right times to support you in your ordering, grand opening, Point of Sale training, and set up of your business accounts. We have support personnel at our office six days a week to answer your calls and emails. |
| Marketing | |
| Plato's Closet | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Play N Trade | |
| Operations | |
| Plato's Closet | Number of Employees Required to Run: 3 - 5 |
| Play N Trade | |
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 |
| Play N Trade | |
| 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 |
| Play N Trade | 0 |
| International Expansion | |
| Plato's Closet | |
| Play N Trade | |