Plato S Closet Franchise Cost

Winmark corporation is the franchisor the franchisee will own and operate a plato s closet retail store from which the franchisee will sell quality used and new brand name teen and young adult clothing and accessories.

Plato s closet franchise cost.

Low 251 700 high. Estimated number of units. There are currently 243 plato s closet units in operation. The most the franchisor could ask you to invest is 328 900 if you want to become a franchisee.

187 on entrepreneur s 2019 franchise 500 list. Plato s closet is owned by winmark formerly grow biz which also franchises music go round once upon a child style encore and play it again sports. Winmark corporation s years of experience and small business services combined give you a great head start with extensive training and support that includes. 176 600 is the minimum that someone opening a location should expect to invest.

The estimated investment required to open a plato s closet franchise is between 251 700 390 700. How much does it cost to open a plato s closet franchise. Section iii initial franchise fee royalty fee marketing fee and other fees. The average store numbers are the 2019 average gross sales and average gross profit amounts stated in item 19 of the 2020 plato s closet franchise disclosure document as reported by 453 of the 454 stores that had been in operation at least one year as of december 28 2019.

Find resale clothes all at up to 70 off retail prices. Section ii estimated costs. Plato s closet is part of a franchise system that has been supporting unique retail franchise businesses since 1987. There is an initial franchise fee of 25 000 which grants you the license to run a business under the plato s closet name.

Plato s closet buys and sells gently used clothing for teens and twenty something boys and girls. 20 000 is the franchise fee new franchisees pay the franchisor. We qualify candidates on an approximate investment of 275 000 to 350 000 however this investment will vary depending on the market and other factors. As in any successful start up business proper capitalization from day 1 is key.

To open a single clothing accessories location the company requires that potential franchisees have liquid assets of at least 230 700. How much does it cost to open a plato s closet franchise. Plato s closet ranked no.