Plato S Closet Franchise Cost

Plato s closet buys and sells gently used clothing for teens and twenty something boys and girls.

Plato s closet franchise cost.

There is an initial franchise fee of 25 000 which grants you the license to run a business under the plato s closet name. To open a single clothing accessories location the company requires that potential franchisees have liquid assets of at least 230 700. Plato s closet is part of a franchise system that has been supporting unique retail franchise businesses since 1987. 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.

Section ii estimated costs. How much does it cost to open a plato s closet franchise. Find resale clothes all at up to 70 off retail prices. Owning a plato s closet clothing accessories franchise can be a lucrative business but it does have some initial financial requirements.

Please click here for detailed estimates of plato s closet franchise costs based on item 7 of the company s 2019 fdd. 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. 20 000 is the franchise fee new franchisees pay the franchisor.

Plato s closet ranked no. 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. 187 on entrepreneur s 2019 franchise 500 list.

There are currently 243 plato s closet units in operation. Low 251 700 high. 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. Estimated number of units.

The most the franchisor could ask you to invest is 328 900 if you want to become a franchisee. Section iii initial franchise fee royalty fee marketing fee and other fees. As in any successful start up business proper capitalization from day 1 is key.