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Updated RecentlyPlato's Closet Franchise
Teen used retail store
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.
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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 Unit Costs
- Initial Investment:
$251,700-$390,700 - Initial Franchise Fee:
$25,000 - Royalty Fee:
5% - Advertising Fee:
$1K/yr. - Term of Agreement:
10 years - Renewal Fee:
5000
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Franchise Ranking History
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Plato's Closet News & Press Releases
When did Plato's Closet start Franchising? 1999
United States: Nationwide
Canada: Nationwide
| 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
Number of Employees Required to Run: 3 - 5
To calculate how much income a franchise owner can do at Plato's Closet Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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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 recommend 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.
Plato's Closet
605 Highway 169 N, Suite 400
Minneapolis,
MN
55441