Total investment:

$ 255,000

Franchise fee:

$ 25,000

Royality fee:

5%

Monthly marketing payment :

$ 0

Number of franchises

Return

Time period

Revenue:

$ 12 000*

* Calculator calculations are provisional, not guaranteed

MAIN INFORMATION

Foundatoin year: 1998

Year of franchising: 1999

Company units:

Franchise units: 479

Total number of units:

Number of employees per unit: 3-5

Contract period: 60 month

FRANCHISE ONLINE

WEBSITE

Plato’s Closet purchases and sells used brand name children’s and teenagers’ brand name clothes, shoes, and paraphernalia. It focuses on clothes for people ages 12 to 24. Winmark purchased Plato’s Closet from Dennis and Lynn Blum, the founders of Once Upon a Child, in 1998.
In 2011, there were over 280 franchisees in the United States and Canada. In 2010, the complete cost to start a Plato’s Closet was between $200,000 and $250,000 and the average yearly sales were $825,000.

On-The-Job Training: 30 hours
Classroom Training: 48 hours

Net-worth Requirement: $250,000
Liquid Cash Requirement: $75,000


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