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Plato’s Closet

Are you passionate about fashion, sustainability, and helping […]

Interested in Franchise ownership?

Franchise Costs and Requirements

Franchise Details

Year Established: 1998
Category Locations: N/A
Available Ownership Type: N/A
Corporate HQ City:
Corporate HQ State:
Investment Range: $280,900
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Royalty Percentage: 5%%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Is a Plato's Closet Franchise Right for You?

Are you passionate about fashion, sustainability, and helping your community? Do you have a knack for finding great deals? If so, opening a Plato's Closet franchise could be the perfect opportunity for you!

What is Plato's Closet?

Plato's Closet, founded in 1998, is a popular destination for affordable, trendy clothing and accessories. They buy and sell gently used brand-name items, catering primarily to young adults. With over 475 locations across North America, Plato's Closet is all about making fashion accessible and sustainable.

Why Choose a Plato's Closet Franchise?

Owning a Plato's Closet franchise offers a unique opportunity to:

  • Be your own boss and run a thriving business.
  • Tap into a strong brand with a loyal customer base.
  • Offer affordable, stylish clothing options to your community.
  • Contribute to a more sustainable fashion industry.

What Makes a Plato's Closet Franchise a Good Choice?

Plato's Closet has consistently ranked high in Entrepreneur's Franchise 500, a prestigious ranking based on factors such as financial stability, brand strength, and franchisee support. This recognition highlights the strong business model and the company's commitment to franchisee success.

Financial Considerations

Before starting a Plato's Closet franchise, you'll need to consider the financial investment. This includes a franchise fee, startup costs, and ongoing fees such as royalties, advertising, and potential renewal fees.

How to Become a Plato's Closet Franchisee

Interested in opening your own Plato's Closet? Here's a general overview of the process:

  1. Submit a Franchise Inquiry Form: Express your interest by filling out a simple form on the Plato's Closet website.
  2. Financial Qualification: A Plato's Closet representative will review your financial information to ensure you meet the necessary qualifications.
  3. Meet with Other Franchisees: You'll have the chance to connect with current Plato's Closet franchise owners to learn about their experiences.
  4. Discovery Day: Visit Plato's Closet corporate headquarters in Minneapolis, Minnesota for a day of in-depth information about the franchise opportunity. This is also a chance for the company to learn more about you and your potential fit.
  5. Training and Support: After signing on, you'll participate in a comprehensive training program to equip you with the skills and knowledge needed to run your franchise successfully. Plato's Closet provides ongoing support throughout your journey as a franchise owner.

Ready to bring the excitement of Plato's Closet to your community? Start your franchise journey today!

Support & Training offered by Plato's Closet

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Additional Information

Category Location N/A
Number of Units Open 502 (as of 2023)
Investment Range $280,900 - $409,800
Master Franchise N/A
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
The Franchise Yellow Pages (FYP) is an internationally recognized franchise information site. FYP supports business owners through the process of identifying and investing in franchise businesses. FYP showcases thousands of franchise brands for educational purposes. We do not represent all franchises listed here. By clicking on “Request Free Information” and “Request a Consultation,” you are agreeing to be contacted by a Franchise Consultant to discuss franchise ownership.
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