At a Glance
Products & Services: Clothing-resale store for teens & young adults
Number of Locations: 341
Total Investment: $230.7K - 386.15K
Began Franchising: 1999
About Plato's ClosetSince 1998, Plato's Closet locations have sold the latest in gently used, name-brand teen fashions. Stores in the chain only buy current fashions that are in good condition. Plato's Closet also sells used accessories, books, CDs, games, picture frames and other items.
Plato's Closet is owned by Winmark (formerly Grow Biz), which also franchises Music Go Round, Once Upon A Child, and Play It Again Sports.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable