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Updated RecentlyPlato's Closet vs Restyle Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Restyle 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 | $46,500 - $61,700 |
| Franchise Fee | $25,000 | $24,900 |
| Royalty Fee | 5% | $500/ month |
| Advertising Fee | $1K/yr. | - |
| Year Founded | 1998 | 2005 |
| Year Franchised | 1999 | 2005 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | 5000 | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | * Available at headquarters * Available at franchisee's location |
| 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 | - |
| Operations | Number of Employees Required to Run: 3 - 5 | * Number of employees needed to run franchised unit: 3 * Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | - |
Company Overviews
About Plato's Closet
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About Restyle
NO LONGER FRANCHISING
The Restyle idea initially began back in July of 1992 when the author opened
her first transfer store named Amelia's Attic. Under her operation, Amelia's
Attic developed into a flourishing and fruitful relegation store in the distribution
center area of Waco, TX.
In the spring of 2005, the originator chose to bring the achievement
experienced with Amelia's Attic and figure that for other individuals needing
to possess their own relegation store.
In this manner, Restyle Was Born
Our objective and energy is to help those potential franchisees build up and
keep up Restyle stores that set a standard in the relegation business. Restyle
gives clients a fun, well disposed, sorted out place to shop and spare. With
many new things arriving week by week and a stock that progressions day by day,
clients can discover fabulous, current name brands at costs that truly are
reviving.
Shippers are given a simple and advantageous approach to transform their
flooding storage rooms into trade and that's constantly out style. Whether you're
a sender, client, or both, we genuinely fancy that your Restyle experience is
pleasant, unwinding, and satisfying.
Why Consignment?
Incredible unique selection...where else would you be able to discover such a
large number of styles and marks in one place?
Stock that progressions every day!
More than 500 things transferred each week!
Profiting has never been so natural!
Name mark garments up to 75% and more off retail!
Well disposed, fun, sorted out and welcoming shopping climate.
Why Restyle?
Negligible speculation
No stock expenses
Low budgetary hazard
Fruitful in every single monetary environment
Proprietorship in a multi-billion dollar industry
Ladies cherish a deal