Plato's Closet vs Renaissance Fine Consignment Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Renaissance Fine Consignment including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$251,700 - $390,700 | $86,175 - $227,000 |
Franchise Fee |
$25,000 | $30,000 |
Royalty Fee |
5% | 4% |
Advertising Fee |
$1K/yr. | - |
Year Founded |
1998 | 1997 |
Year Franchised |
1999 | 2010 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
5000 | - |
Business Experience Requirements |
Experience |
- | Renaissance Consignment is seeking individual franchise
partners throughout the United States as well as multi-unit development partners
domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria:
*Demonstrated enthusiasm, drive, and passion
*Management Experience
*Love working with Retail and Fashion
*Minimum financial net worth of $75,000 |
Financing Options |
|
In-House/3rd Party | In-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 |
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 | Real Estate and Site Selection
Lease Approval
Pre-opening
Management Training
Vendors and Equipment
Opening Support
Information Technology
Marketing and Public Relations
Operations Support
Purchasing and Distribution |
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 |
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.
#375 in Franchise 500 for 2020.
#335 in Franchise 500 for 2020.
About Renaissance Fine Consignment
Renaissance is using a business model based on over 13 years of operational experience in the high-end consignment field. With the Renaissance Fine Consignment franchise you can build a very successful business using our expertise and knowledge in this industry.Renaissance Fine Consignment is an industry innovator for retail consignment. The Renaissance Fine Consignment business model combines the best of all worlds, an exciting
and fun retail business model, no need to worry about expensive inventory and high investment costs, Renaissance has designed the PERFECT retail business model. By using the specific
consigning process and pricing strategies, as a Renaissance Fine Consignment team member,
you will not need to invest in inventory and expensive trends...the consigners help you manage
what will sell and what you should carry.
To be every shopper's favorite place to buy high end clothing and retail items and provide a
truly enlightening shopping experience, Renaissance Fine Consignment chooses only the best people to be Renaissance Fine Consignment franchisees. Our franchise partners are
committed to delivering the highest quality products to customers in the most exciting retail
environment possible. Renaissance is setting a new standard of customer experience and
expectations for the Consignment Industry. From the quality of the items we offer customers
to the care that our staff provides customers who visit the locations, our Renaissance Fine Consignment franchise partners will proudly strive to deliver a great customer experience in
every location across America, every time.
The Renaissance Fine Consignment corporate team is dedicated to ensuring the success of the Renaissance Fine Consignment franchisees so Renaissance Fine Consignment can become
every shopper's favorite place to visit. The Renaissance Fine Consignment corporate team has a variety of backgrounds, including operations, real estate, marketing, public relations, human
resources, purchasing and information technology. The Renaissance Fine Consignment team
specializes in helping Renaissance Fine Consignment franchisees during pre-opening, grand
opening and provides on-going support.
Renaissance Fine Consignment succeeds if our franchisees succeed, and we are committed
to your success! The Renaissance Fine Consignment franchise team will provide you with the systems, resources and support you need to operate your business successfully.