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Updated RecentlyPlato's Closet vs Rhea Lana Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Rhea Lana 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 | $19,050 - $38,950 |
| Franchise Fee | $25,000 | $10,000 - $13,500 |
| Royalty Fee | 5% | 3%-1% |
| Advertising Fee | $1K/yr. | - |
| Year Founded | 1998 | 1997 |
| Year Franchised | 1999 | 2008 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 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 | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | On-The-Job Training: 39 hours Classroom Training: 13 hours Additional Training: As needed |
| Support | 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 Grand Opening Online Support Field Operations Site Selection Proprietary Software |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Ad Templates National Media Regional Advertising Social media Website development Email marketing |
| Operations | Number of Employees Required to Run: 3 - 5 | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | No | - |
Company Overviews
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.
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About Rhea Lana
- An established children's clothing event can provide the income of a regular paying job, at the least. It's true. Working two-three months per year on a successful sale in a mid-sized market can beat a full-time job, leaving more time and flexibility for you and your family (during the down times!)
- Children's clothing events are needed, especially in "down" economies. Instead of a specialty niche franchise which requires women to have spare income, moms will ALWAYS buy cute clothing for their children. These events are biggest when the dollars are stretched the farthest.
- No Overselling. Many franchise businesses can't be truthful about this. Everyone knows - children need cute clothes.
- Rhea Lana Riner has been holding very successful Children's Clothing Consignment events for 17 years. Our experience and high standards mean that our events are organized, streamlined and most of all - profitable! We hold six flagship events per year in relatively small to medium-sized markets - all very profitable.
- Rhea Lana is an expert, and you'll be working with her and her great support team. With six successful events annually and seventeen years of experience Rhea Lana is the best. Rhea Lana's franchisees will receive an exhaustive manual detailing the secrets to a successful event.
- Rhea Lana's® is the original and best online tagging system available. No one has been bar-coding online longer and settling back to consignors more quickly than Rhea Lana's®. A Rhea Lana's® Franchisee will have the highest quality sale in her market. A Rhea Lana's® sale attracts the high value items which moms can't wait to buy.
- A Rhea Lana's® Franchise is reasonably priced. Rhea Lana's® Franchises are lower in cost than other similar franchises - and offer much more. Rhea Lana's® does not carry a large overhead burden with lots of full time employees. But, the people we DO have are incredible! Our streamlined operations helps you invest more money in your business.
- Our technology is included in the price. Your Rhea Lana's® website is included! While you will supply your computers and Microsoft software, the famous consignment management, barcoding programs, and web pages that make our system great will be yours to use absolutely free.
- This market is untapped in many cities in the U.S. And your city doesn't have Rhea Lana's - yet. Whether your city has none, one or many sales, the time is ripe to introduce moms to Rhea Lana's®. Excellent Rhea Lana's® Sales always grow, even with competition.
- A Rhea Lana's® Franchise includes exclusive rights to Rhea Lana’s® in your territory.
- Rhea Lana's has had an incredibly low turn over rate since we began franchising in 2008 because we care about the success of our franchisees. Some Rhea Lana Franchisees have decided to sell their business for one reason or another, and typically have been able to quickly find a buyer due to the value of a Rhea Lana's Franchise. We believe in long-term relationships with our franchise owners. We consider our Rhea Lana Franchisees like family and part of a very special network and support system.
- The Franchise Fee of an exclusive Rhea Lana Territory is $10,000-$13,500, depending on the size of the territory. Royalties are 1-3%. The percentage begins at 3%, then declines as gross sales rise and owners learn the business. This is the opposite of some franchise models. But at Rhea Lana's®, we want our franchise owners to keep more of their hard earned money!
- A current Rhea Lana franchise owner in good standing may purchase additional territories at a discounted rate.
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#89 in Gator's Top franchises.