Plato's Closet Franchise Review

Franchise Facts

Plato's Closet buys and sells gently used clothing for teens and twenty-something boys and girls.

How much does a Plato's Closet franchise cost?

Plato's Closet has a franchise fee of up to $25,000, with a total initial investment range of $255,000 to $400,900.

  • Initial Franchise Fee: $25,000
  • Total Investment: $255,000 to $400,900
  • Working Capital: $40,000 to $50,000
  • Royalty Fee: 5%

The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.

How much does a Plato's Closet franchise make?

As with any business, profits from a Plato's Closet franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise.

How many franchise locations do they have?

As of the 2018 Franchise Disclosure Document, there are 442 franchised Plato's Closet locations in the USA.

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

Based on 2018 FDD data, Plato's Closet has franchise locations in 46 states. The largest region is the South with 203 franchise locations.

AL
AR
AZ
CA
CO
CT
DE
FL
GA
HI
IA
ID
IL
IN
KS
KY
LA
MA
MD
ME
MI
MN
MO
NC
ND
NE
NH
NJ
NM
NV
NY
OH
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY


This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand. Unlock to learn more and connect with our experts.

Last Reviewed: 2018

Plato's Closet is a Franchise Grade Best in Class™ and a Made The Grade™ franchise, which means it's ranked highly by our analysts!

Plato's Closet Franchise Stats

Total Investment
$255,000 - $400,900
Franchise Fee
$25,000
Franchise Agreement
Initial Term
10 Years
Renewal Term
10 Years
Franchisee Outlet Growth
2010
301
2017
476
Ongoing Fees
Royalty
5.0%
Ad Fees
5.0%
# of Franchised Outlets
391

Additional Questions

Do they provide any initial training and opening assistance?

Yes, they have an initial training program of 78 hours. This includes 48 hours of classroom training and 30 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.

Online 0
On-the-Job 30
Classroom 48
Total 78

Do they offer Territory Rights?

Plato's Closet offers exclusive territories. For an explanation of territorial rights, unlock this franchise for important details.

Do they have computer and technology support in place?

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

When did they begin franchising?

They began franchising in 1999. The average Fashion franchise began franchising in 2010.

Do they offer financing support?

Yes, you can also click here to fill out our affordability calculator and understand your financing options.
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