Plato's Closet Franchise

Teen used retail store

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Thank you for your interest in becoming a member of the Plato's Closet franchise family. Plato's Closet offers a truly unique retail franchise opportunity, as it is the only national teen retail store of its kind -- focusing on the buying and selling of gently used, brand-name apparel and accessories for girls and guys! We already have over 200 store locations throughout North America, and that number continues to grow. Our stores fill a distinct niche in the retail marketplace. We are the only national resale business that specializes in the teen and twenty something market group. The wish list for trendy, brand-name apparel and the availability of it in virtually every teen's closet presents fantastic opportunities for both franchise owners and customers alike. Making the decision to be your own boss and be in control of your future is an exciting adventure, and we appreciate being considered in your business search. A Plato's Closet franchise offers franchisees a very unique opportunity, based on a sound business model and the support of the parent company, Winmark Corporation. To learn more about this exciting franchise business opportunity, simply navigate through these informational pages. If you wish to take the next step in changing your future, contact us and a Franchise Developer will contact you with the next steps in the process. Fill in form to the right for free consultation.#375 in Franchise 500 for 2020.#335 in Franchise 500 for 2020.

ABC INC

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$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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Please Note: The operators of Plato's Closet, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Plato's Closet website.

How much does it cost to open a Plato's Closet Franchise ?

The investment required to open a Plato's Closet Franchise is between $251,700 - $390,700 . There is an initial franchise fee of $25,000 which grants you the license to run a business under the Plato's Closet name.

Individual Franchise Costs

  • Initial Investment:
    $251,700 -
  • Initial Franchise Fee:
    $25,000
  • Royalty Fee:
    5%
  • Advertising Fee:
    $1K/yr.
  • Term of Agreement:
    10 years
  • Renewal Fee:
    5000

Expense In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Training
On-The-Job Training: 30 hours Classroom Training: 48 hours

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

Plato's Closet Growth History

When did the first Plato's Closet open? 1998
When did Plato's Closet start Franchising ? 1999

Number of Employees Required to Run: 3 - 5

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, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory



How much does a Plato's Closet Franchise owner make?

How much money you could make as a Plato's Closet Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Plato's Closet Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$25,000 - $390,700
Initial Franchise Fee
$25,000
Royalty Fee
5%
Advertising Fee
$1K/yr.
Term of Agreement
10 years
Renewal Fee
5000

Sister Companies

Plato's Closet Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Plato's Closet and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Plato's Closet franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.