Plato S Closet Franchise Complaints

Based on 2019 fdd data plato s closet has franchise locations in 49 states.

Plato s closet franchise complaints.

Section iii initial franchise fee royalty fee marketing fee and other fees for a plato s closet franchise based on items 5 and 6 of the company s 2018 fdd section iv number of franchised and company owned plato s closet outlets at the start of the year and the end of the year for 2015 2016 and 2017 based on item 20 of the. Let us check plato s closet franchise registry approval status and show you how it stacks up to competitors. Get data on the success rate of plato s closet franchisees. Review the downloadable plato s closet fdd franchise agreement financial statements.

The largest region is the south with 211 franchise locations. Low 251 700 high. 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. A franchises franchise registry approval status is another good indicator of a franchise systems financial well being.

They told me every time it. Franchise registry approval status. 20 000 is the franchise fee new franchisees pay the franchisor. Old lincoln highway langhorne pa 19047 protected i dropped off 2 huge loads of clothing to the new langhorne pa store 5 sept 2007 and was told i d receive a call that night to come back in for my money and or clothing they cannot sell.

As of the 2019 franchise disclosure document there are 480 franchised plato s closet locations in the usa. Verified customer plato s closet selling clothes. This review was posted by a verified customer. I have been in plato s closet in cheyenne wyoming to sell my clothes 5 or more times with brand name clothes like miss me jeans some even brand new.

Dovey86 sep 19 2020. 2020 plato s closet fdd franchise agreement financial statements contains detailed information for prospective franchisees. 176 600 is the minimum that someone opening a location should expect to invest. 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.

The initial franchise fee is 15 000 if you are currently opening a second or subsequent store or if you are an existing franchisee of one of the franchisor s other franchised concepts. The most the franchisor could ask you to invest is 328 900 if you want to become a franchisee.