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Plato’s Closet stores buy and sell gently used brand-name apparel and accessories for teens and young adults. Customers have the opportunity to sell their used items to a Plato’s Closet store when outgrown and to purchase quality used clothing and accessories at prices lower than new merchandise. Their stores fill a distinct niche in the retail marketplace. They are the only national resale business that specializes in the teen and twenty something market group. The wish list for trendy, brand-name apparel and the availability of it in virtually every teen’s closet presents fantastic opportunities for both franchise owners and customers alike. More about the cost of owning a Plato’s Closet franchise below.
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Liquid capital required
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$53,000
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Net worth required
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$200,000
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Investment
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$176,600 - $328,900
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Franchise fee
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$20,000
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Units in operation
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243
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The capital required to open a Plato’s Closet unit is ₱53,000. You need to have a total net worth of ₱200,000 if you want to become an owner. ₱176,600 is the minimum that someone opening a location should expect to invest. The most the franchisor could ask you to invest is ₱328,900 if you want to become a Plato’s Closet franchisee. ₱20,000 is the franchise fee new franchisees pay the franchisor. There are currently 243 Plato's Closet units in operation.
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Plato's Closet is listed in the Franchise Directory under the Retail category. It's also listed in the section for Franchises Under $60,000.
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