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Updated RecentlyPlato's Closet vs Style Encore Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Style Encore including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $251,700 - $390,700 | $264,200 - $398,400 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | $1K/yr. | - |
| Year Founded | 1998 | 2013 |
| Year Franchised | 1999 | 2013 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | 5000 | $5K |
Business Experience Requirements |
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| Experience | - | To be a successful Style Encore franchisee requires proper capitalization, hard work and people skills. It isn't for everyone. While having knowledge of fashion is helpful, our comprehensive training program will provide you with the tools and skills you need to be successful. If you are motivated, organized, enjoy working with the public, and can diligently follow our proven system, you are a good candidate for a Style Encore franchise. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | Winmark provides over 75 hours of classroom instruction and in-store training on the following: business plans, retail site selection, store set-up, computer training, advertising and marketing, and store operations. Our computer support center offers access to technicians who provide assistance with hardware, software and operational questions seven days a week. |
| 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 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 3 - 5 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | Yes |
| International Expansion | No | No |
Company Overviews
About Plato's Closet
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About Style Encore
Thank you for your interest in becoming a member of the Style Encore franchise family. Style Encore offers a truly unique retail franchise opportunity, as it is the newest brand to the Winmark family. Winmark is the top re-sale franchisor in the country, with a proven track record - over 965 successful small businesses operating in North America. Style Encore joins the current industry top brands such as Plato's Closet, Once Upon A Child, Play It Again Sports and Music Go Round. Style Encore rounds out the rest of the Winmark family by specializing in buying and selling gently-used casual and business apparel and accessories for women in their late 20's to mid 50's. Women like to have trendy, fashionable pieces in their closet for every occasion. Style Encore gives them the resource to sell items that they no longer wear, get paid cash on spot, and purchase new items at a tremendous value - at up to 50-70% off regular retail! 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. If you have a passion for fashion, interacting with customers, recycling product, or simply excited about learning how you can build a business for yourself, Style Encore may be the business for you!