Plato's Closet Franchise Analysis

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Made the Grade

Plato's Closet is a Franchise Grade Made The Grade™ franchise, which means it's ranked highly by our analysts.

Franchise Info

Plato's Closet buys and sells quality used and new brand name teen and young adult clothing and accessories.

How much does an Plato's Closet business cost to open?

Plato's Closet has an initial franchise fee of up to $25,000, with a overall initial investment range of $251,700 to $390,700.

  • Initial Franchise Fee: $25,000
  • Total Investment: $251,700 to $390,700
  • Working Capital: $40,000 to $50,000
  • Royalty Fee: 5.0%

The initial cost of any franchise opportunity includes many fees. Explore this investment opportunity to better understand the initial costs required to buy an Plato's Closet, such as franchise fees, leasehold improvement costs, grand opening marketing, and furniture and fixtures purchases. It should be noted that, franchisors are required to disclose all initial fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay.

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How much does an Plato's Closet owner make?

As with any new business, the franchise owner's salary and the profits from a Plato's Closet business depends on a lot of different factors. One way to validate the potential revenues or profits earned from a Plato's Closet franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. Typically, profits and owner's income are equitable to the size of the investment and number of locations you purchase. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your profit margin and your personal salary

For additional information and franchise specific on the profits of an Plato's Closet franchise opportunity, unlock this franchise

How many franchise locations does Plato's Closet franchise system have?

As of the 2019 Franchise Disclosure Document, there are 0 franchised Plato's Closet locations across the United States.

Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.

Are there any Plato's Closet franchise opportunities near me?

Based on 2019 FDD analysis, Plato's Closet has franchised locations in 49 states. There may be no locations in several states as each franchise company plans their growth strategy differently. Specific states also require franchise companies to register their franchise opportunity and file their Franchise Disclosure Document (FDD) with state examiners prior to offering franchise opportunities to residents in that state. These registration states have examiners review a franchisor's FDD to ensure it satisfies state regulatory requirements. In addition to registration states, additional states have enacted supplemental franchise or business opportunity laws that require franchise companies to provide their franchise within the state. In most instances the filing is a notice within the state. Unlike franchise registration states, the franchise filing states do not examine a franchisor's FDD.

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Based on the data collected this franchise opportunity is growing into new locations and might be available in your city.

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Last Reviewed: 2019

Plato's Closet Franchise INFORMATION

Total Investment
$251,700 - $390,700
Franchise Fee
$25,000
Franchise agreement
Initial Term
10 Years
Renewal Term
10 Years
Franchise outlet growth
2012
354
2018
0
Ongoing fees
Royalty
5.0%
ad fees
0.0%
# of franchised outlets
0

EXTRA INFORMATION

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 78.50 hours. This includes 48.50 hours of classroom training, 30 hours of on-the-job training, and N/A hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.


Online N/A
On-the-Job 30
Classroom 48.50
Total 78.50

Do they provide Territory Rights?

Plato's Closet offers territory protections. For an explanation of territory rights, unlock this franchise for important details.

Do they have marketing and technology support in place?

Yes, Plato's Closet offers comprehensive support for franchisees. Unlock this franchise to find out more.


How long ago did Plato's Closet start franchising?

They began franchising in 1999. The average Fashion franchise began franchising in 2004.


Do they offer lending options?

Yes. They offer certain financing options within Item 10 of their FDD.

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