Owning A Plato S Closet Franchise

Low 251 700 high.

Owning a plato s closet franchise.

As the biggest and most prominent retail resale franchisor in north america winmark knows what it takes to build a successful franchise business. The most the franchisor could ask you to invest is 328 900 if you want to become a franchisee. A sustainable franchise that is recession proof. How much does it cost to open a plato s closet franchise.

The plato s closet once upon a child music go round play it again sports and style encore trademarks and logos utilized in this website are owned by winmark corporation and any unauthorized use of these trademarks by others is subject to action under federal and state trademark laws. Winmark corporation is the franchisor the franchisee will own and operate a plato s closet retail store from which the franchisee will sell quality used and new brand name teen and young adult clothing and accessories. 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. Plato s closet is part of a franchise system that has been supporting unique retail franchise businesses since 1987.

20 000 is the franchise fee new franchisees pay the franchisor. 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. Winmark corporation s years of experience and small business services combined give you a great head start with extensive training and support that includes. Over the last three decades we ve learned that finding the right individuals to partner with and represent our brands is essential to marketplace success no matter what territory they re in.

There are currently 243 plato s closet units in operation. As in any successful start up business proper capitalization from day 1 is key. In 2019 our average plato s closet location had sales of 1 093 448 and our top 25 of these stores 113 locations had average gross sales of 1 621 916. If you re interested in owning and operating your own dynamic fast paced teen retail resale store then our team at winmark is ready to hear from you.

176 600 is the minimum that someone opening a location should expect to invest. Other brand names are trademarked or. Plato s closet continues its dominance as the leading national retail resale store of its kind and we are looking for more passionate entrepreneurs that want to start their own business and share this journey with us.