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Plato's Closet

Franchise

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.

Facts & Figures

Liquid capital required
$53,000
Net worth required
$200,000
Investment
$176,600 - $328,900
Franchise fee
$20,000
Units in operation
243

Overview

The capital required to open a unit is $53,000. You need to have a total net worth of $200,000 if you want to become an owner. The low end of the total investment required to open a new franchise is $176,600. $328,900 is the most that Plato's Closet expects its owners will need to invest in a new location. The franchise fee to open a Plato's Closet unit is $20,000. Today, the location count for this franchise has reached 243.

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