Plato's Closet

Detailed Information

Capital Required
$255,000 - $400,000

Liquid Capital
$75,000

Net Worth
$250,000

Financing Assistance
Available Via Third Party

Training and Support
Available

Capital Required $255,000 - $400,000

Liquid Capital $75,000

Net Worth $250,000

Financing Available Via Third Party

Training & Support Available

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Lots of franchises say they are proven, you want one that actually is.

This franchise keeps their owners happy. That's why nearly 100% of franchisees renew for another 10-year term.

There are things you want in a business:

  • LOW RISK being number one;
  • STRONG financial opportunity being number two; and
  • HIGH VALUE to the community being number three.

That's likely why you are looking for a franchise in the first place. You want to be a successful business owner, to challenge yourself in a new way, to grow a strong business, and have a good life in the process.

Plato's Closet is a franchise that offers you exactly that. It's a retail store that buys and sells gently-used clothing and accessories for teens and young adults. The customers bring their items, sell the product to the store, get cash on the spot, and then can use that cash to refresh their closet by shopping in the store. Plato's Closet stores deliver high quality used merchandise in a fun and convenient environment, providing a great value to the seller, the buyer, the owner, and the employees.

  • We've been around since 1999.
  • Average store revenue is $963,880 according to the 2017 disclosure document.
  • We're the largest teen resale franchise with very little organized competition.
  • We're the #1 rated franchise in our category by Entrepreneur Magazine since 2011.
  • The resale market is growing, and so is the Plato's Closet brand.
  • Increasingly relevant with our environmentally friendly business model.
  • Customers are excited when they hear a Plato's Closet is coming to their town!

Here are some of the things you'll do as a Plato's Closet owner:

  • Train and mentor staff
    • Being a good trainer is key.
  • Customer service
    • You will be providing an excellent customer experience.
  • Manage marketing and media buying
    • You'll receive lots of franchise support but your creativity is welcome.
  • Financial oversight and review
    • Great franchise tools help you stay on top of your store performance.
  • Review the Key Performance Indicators
    • Analyze your business with an eye toward continuous improvement.
  • Engage with the community
    • Host fun events in your store and partner with local schools and organizations.

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Detailed Information

Capital Required
$255,000 - $400,000

Liquid Capital
$75,000

Net Worth
$250,000

Financing Assistance
Available Via Third Party

Training and Support
Available

Capital Required $255,000 - $400,000

Liquid Capital $75,000

Net Worth $250,000

Financing Available Via Third Party

Training & Support Available

 

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