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

 
Plato's Closet Franchise
Renaissance Fine Consignment Franchise
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 19981997
Year Franchised 19992010
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 5000-


Business Experience Requirements

 
Plato's Closet Franchise
Renaissance Fine Consignment Franchise
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

 
Plato's Closet Franchise
Renaissance Fine Consignment 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
Renaissance Fine Consignment 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 PlatformReal 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

 
Plato's Closet Franchise
Renaissance Fine Consignment 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 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.