Plato S Closet Franchise Cost

176 600 is the minimum that someone opening a location should expect to invest.

Plato s closet franchise cost.

Plato s closet buys and sells gently used clothing for teens and twenty something boys and girls. How much does it cost to open a plato s closet franchise. Owning a plato s closet clothing accessories franchise can be a lucrative business but it does have some initial financial requirements. Low 251 700 high.

Section ii estimated costs. There is an initial franchise fee of 25 000 which grants you the license to run a business under the plato s closet name. How much does it cost to open a plato s closet franchise. There are currently 243 plato s closet units in operation.

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. 187 on entrepreneur s 2019 franchise 500 list. Estimated number of units. As in any successful start up business proper capitalization from day 1 is key.

Section iii initial franchise fee royalty fee marketing fee and other fees. Plato s closet ranked no. Please click here for detailed estimates of plato s closet franchise costs based on item 7 of the company s 2019 fdd. Find resale clothes all at up to 70 off retail prices.

To open a single clothing accessories location the company requires that potential franchisees have liquid assets of at least 230 700. We re a used clothing store that offers a huge selection of current trendy styles as well as every day basics you can t live without. 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.

The estimated investment required to open a plato s closet franchise is between 251 700 390 700. The most the franchisor could ask you to invest is 328 900 if you want to become a franchisee. 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.