Kid to Kid vs Plato's Closet Franchise Comparison

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

Start-Up Costs and Fees
 
Kid to Kid Franchise
Plato's Closet Franchise
Investment $300,825 - $488,825$251,700 - $390,700
Franchise Fee $25,000$25,000
Royalty Fee 5%5%
Advertising Fee 0.5%$1K/yr.
Year Founded 19921998
Year Franchised 19941999
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee 25% of franchise fee5000


Business Experience Requirements
 
Kid to Kid Franchise
Plato's Closet Franchise
Experience
  • General business experience
  • Knowledge of children's products helpful, but not required
    		• -

    Financing Options
     
    Kid to Kid Franchise
    Plato's Closet Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Kid to Kid Franchise
    Plato's Closet Franchise
    Training On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing locationOn-The-Job Training: 30 hours Classroom Training: 48 hours
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform 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 Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations International franchisees required to buy multiple units/master licenses; 31% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators)

    		Number of Employees Required to Run: 3 - 5

    Expansion Plans
     
    Kid to Kid Franchise
    Plato's Closet Franchise
    US Expansion -Yes
    Canada Expansion NoYes
    International Expansion YesNo

    Company Overviews

    About Kid to Kid

    Shauna Sloan dragged her significant other Brent into an upscale youngsters' resale store in 1992. As a lawyer and strip mall official, Brent was shocked by the second-hand store's chic customer base. Persuaded that no administrator had completely amplified the capability of the resale idea, the Sloans set out to make a kids' resale organize, making a trip crosscountry to visit stores and converse with clients, supervisors and proprietors. Later that same year, the Sloans opened their first store in Sandy, Utah. They opened a moment store inside the year, with the principal establishment area opening in 1994.

    Kid to Kid is an energizing and element establishment that is not simply retreat verification -"it is subsidence prosperous, with a model that interests to families from each level of pay.Kid to Kid has flourished throughout the most recent two decades from a family's basic thought into an energizing shopping background that consolidates the retail force of resale with a world class shopping knowledge.

    Today, Kid to Kid is a compel in the retail space, with a demographic that extends past the run of the mill resale customer profile. We are keeping on achieving record highs in benefits and deals. Joining our establishment family as of now could introduce the ideal open door for you to possess your own particular business while additionally finding autonomy and soundness through a flourishing business that increases the value of your group.

    Seeking new franchise units throughout the U.S., Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, South America and Western Europe    

    Veteran Incentives  $5,000 off franchise fee

    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.