Start-Up Costs and Fees |
||
| Plato's Closet | Uptown Cheapskate | |
| Investment | 251700 - 390700 | 301579 - 491579 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | $1K/yr. | 0.50% |
| Year Founded | 1998 | 2008 |
| Year Franchised | 1999 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Plato's Closet | Uptown Cheapskate | |
| Experience | ||
Financing Options |
||
| Plato's Closet | Uptown Cheapskate | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Plato's Closet | Uptown Cheapskate | |
| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops 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 | 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 | Number of Employees Required to Run: 5 - 9 |
Expansion Plans |
||
| Plato's Closet | Uptown Cheapskate | |
| 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 | |
| Uptown Cheapskate | |
| Franchise Fee | |
| Plato's Closet | |
| Uptown Cheapskate | |
| Royalty Fee | |
| Plato's Closet | 5% |
| Uptown Cheapskate | 5% |
| Advertising Fee | |
| Plato's Closet | $1K/yr. |
| Uptown Cheapskate | 0.50% |
| Year Founded | |
| Plato's Closet | 1998 |
| Uptown Cheapskate | 2008 |
| Year Franchised | |
| Plato's Closet | 1999 |
| Uptown Cheapskate | 2008 |
| Term Of Agreement | |
| Plato's Closet | 10 years |
| Uptown Cheapskate | |
| Renewal Fee | |
| Plato's Closet | 5000 |
| Uptown Cheapskate | |
Business Experience Requirements |
|
| Experience | |
| Plato's Closet | |
| Uptown Cheapskate | |
Financing Options |
|
| Franchise Fees | |
| Plato's Closet | No |
| Uptown Cheapskate | No |
| Start-up Costs | |
| Plato's Closet | |
| Uptown Cheapskate | |
| Equipment | |
| Plato's Closet} | |
| Uptown Cheapskate | |
| Inventory | |
| Plato's Closet | |
| Uptown Cheapskate | |
| Receivables | |
| Plato's Closet | |
| Uptown Cheapskate | |
| Payroll | |
| Plato's Closet | |
| Uptown Cheapskate | |
Training & Support |
|
| Training | |
| Plato's Closet | On-The-Job Training: 30 hours Classroom Training: 48 hours |
| Uptown Cheapskate | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store |
| 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 |
| Uptown Cheapskate | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Plato's Closet | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Uptown Cheapskate | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Plato's Closet | Number of Employees Required to Run: 3 - 5 |
| Uptown Cheapskate | Number of Employees Required to Run: 5 - 9 |
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 |
| Uptown Cheapskate | |
| 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 |
| Uptown Cheapskate | |
| International Expansion | |
| Plato's Closet | |
| Uptown Cheapskate | |