Plato's Closet vs Hope Chest for Breast Cancer Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Hope Chest for Breast Cancer including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Plato's Closet Franchise
Hope Chest for Breast Cancer Franchise
Investment $251,700 - $390,700$95,600 - $155,300
Franchise Fee $25,000N/A
Royalty Fee 5%-
Advertising Fee $1K/yr.-
Year Founded 19982002
Year Franchised 19992006
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 5000-


Business Experience Requirements
 
Plato's Closet Franchise
Hope Chest for Breast Cancer Franchise
Experience --

Financing Options
 
Plato's Closet Franchise
Hope Chest for Breast Cancer Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Plato's Closet Franchise
Hope Chest for Breast Cancer Franchise
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-
Operations Number of Employees Required to Run: 3 - 5 -

Expansion Plans
 
Plato's Closet Franchise
Hope Chest for Breast Cancer Franchise
US Expansion Yes-
Canada Expansion Yes-
International Expansion No-

Company Overviews

About Plato's Closet

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.

"Entrepreneur
#375 in Franchise 500 for 2020.
#335 in Franchise 500 for 2020.

About Hope Chest for Breast Cancer

Hope Chest for Breast Cancer provides Emergency Assistance Grants to support local breast cancer patients and their families. Our business model combines the power of a foundation and revenue-generating Resale Shop. Hope Chest for Breast Cancer combines donations, grants, event revenues and store proceeds to provide a solid revenue stream for its mission. Hope Chest for Breast Cancer  is open seven days per week and sells merchandise at a fraction of the cost because all of the items - from evening wear to end tables - are donated from individuals or corporations.