Silver Cross vs Plato's Closet Franchise Comparison

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

Start-Up Costs and Fees
 
Silver Cross Franchise
Plato's Closet Franchise
Investment $105,100 - $137,100$251,700 - $390,700
Franchise Fee $25,000$25,000
Royalty Fee 5%5%
Advertising Fee -$1K/yr.
Year Founded 19931998
Year Franchised 19941999
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee $5K5000


Business Experience Requirements
 
Silver Cross Franchise
Plato's Closet Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

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

    Training & Support
     
    Silver Cross Franchise
    Plato's Closet Franchise
    Training

    New franchise owners partake in a structured one month training program at the corporate store in Oakville Ontario. Learning from experienced and successful previous owners means you hit the ground running.

    		On-The-Job Training: 30 hours Classroom Training: 48 hours
    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicksCo-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations ; 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		Number of Employees Required to Run: 3 - 5

    Expansion Plans
     
    Silver Cross Franchise
    Plato's Closet Franchise
    US Expansion -Yes
    Canada Expansion NoYes
    International Expansion YesNo

    Company Overviews

    About Silver Cross

    Silver Cross is all about mobility products. We can help with stair lifts, porch lifts and other home medical equipment.
    We're about accessibility, mobility, aging in place, living barrier-free and keeping your freedom and independence!

    The home healthcare products market is valued at more than $4.3 billion, and is expected to continue to grow as the population continues aging, increases in lifespan occur, the cost of out of home health care and living options increase and more people wish to remain in their homes as they age. Silver Cross is the resource for recycled and new home health care equipment including stair lifts, patient lifts, scooters, wheelchairs, home elevators and wheelchair lifts.

    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.