Plato's Closet Franchise FDD, Costs & Fees (2025)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Franchisees

?

515
+
3%
3%
Investment required

?

$327,000 - $449,000
Revenue (AUV)

?

$1,185,000
Undisclosed
Pro
+
-1.2%
+
xx%
-xx%
-1.2%
Initial franchise fee

?

$25,000
Royalty fees

?

5.00%
+
5% - 7%
Operating Profit

?

n.a.

Pro
Franchisees

?

515
+
3%
3%
Investment required

?

$327,000 - $449,000
Franchise fee

?

$25,000
Royalty fees

?

5.00%
+
5% - 7%
Revenue (AUV)

?

$1,185,000
Undisclosed
Pro
+
-1.2%
+
xx%
-xx%
-1.2%
Operating Profit

?

n.a.

Pro

Plato's Closet: Resale for Teens, Redefined

Founded in 1998 in Columbus, Ohio, Plato's Closet specializes in buying and selling gently used, name-brand clothing and accessories for teens and young adults. Franchising since 1999, it has grown to over 500 locations across North America, operating under Winmark Corporation.

Plato's Closet stands out by offering trendy, affordable fashion while promoting sustainability through clothing recycling. Its unique model allows customers to both sell their gently used items and shop for stylish, budget-friendly options.

By combining fashion-forward offerings with environmental responsibility, Plato's Closet has become a leader in the resale retail space.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $25,000
Fixtures and Supplies $50,000 – $65,000
Signs $11,000 – $16,000
Security Cameras $1,500 – $4,000
Point-of-Sale (POS) System $22,200 – $29,500
Leasehold Improvements $15,000 – $22,000
Build-Out $30,000 – $55,000
Deposits and Business Licenses $5,000 – $15,000
Opening Inventory $65,000 – $80,000
Miscellaneous Pre-Opening Expenses $45,000 – $60,000
Rent – First 3 Months $17,500 – $27,500
Additional Funds – 3 Months $40,000 – $50,000
Total $327,200 – $449,000

Franchise Disclosure Document

Upgrade to Pro to download this FDD

Access the most comprehensive franchise database

Upgrade to Pro
Thank you for signing up
Complete your upgrade now
Signup successful!
Complete your upgrade

Competitors

Franchise
Franchisees
Growth
Initial fee
Investment
Revenue
Gross Profit
Operating Profit
Industry

515

+
3%
3%
No growth
New

$25,000

$327,000

-

$449,000

n.a.

$1,185,000

Pro

64.0%

Pro

n.a.

Pro

Retail

Training

Plato's Closet provides a two-part training program to its franchisees. The first session focuses on general business practices related to operating a Plato’s Closet® store. This includes training on topics such as real estate, business plan development, inventory management, and point-of-sales systems.

The second session expands on this foundation with training in sales and marketing, inventory purchasing, computer operations, and store management.

Both sessions are mandatory, and franchisees must successfully complete them to manage their stores. Additionally, the franchisor offers ongoing support such as refresher courses and seminars to enhance the franchisee's skills.

Territory Protection

Plato's Closet offers territory protection to its franchisees through a defined "Exclusive Territory" agreement. This protection ensures that during the term of the agreement, the franchisor will not allow the establishment of another Plato’s Closet store within the specified territory.

However, this exclusivity does not restrict the franchisor or its affiliates from selling products or services under different trademarks within or outside the territory, nor from selling through other channels like the internet.

While the Exclusive Territory grants certain protections, it does not guarantee market penetration or specific sales volumes. Franchisees must adhere to relocation guidelines if they wish to move their store within the development area, and the franchisor reserves the right to approve new locations based on proximity to other stores and the retail area's demographics.

Number of units

2025
Franchised units

500

506

515

Company-owned units

0

0

0

Total units

500

506

515

Competitors

Pearce Bespoke

Investment required
$30,000
-
$121,000
Franchisees
16
+
n.a.
n.a.

Uptown Cheapskate

Investment required
$377,000
-
$611,000
Franchisees
99
+
25%
25%

Style Encore

Investment required
$323,000
-
$449,000
Franchisees
69
+
-3%
-3%

Once Upon A Child

Investment required
$327,000
-
$462,000
Franchisees
430
+
6%
6%

Access the most comprehensive franchise database

For franchisees

Find the best franchises to invest into

For franchisors

Compare your brand to competitors

Get unlimited access to:
2,145 franchises data
Number of locations
Franchise fees
Total investment

?

Download unlimited FDDs
Revenue (AUV)

?

Revenue growth (last 3 years)

?

Profit metrics

?

Upgrade to Pro

Access the most comprehensive franchise database

For franchisees

Find the best franchises to invest into

For franchisors

Compare your brand to competitors

Upgrade to Pro
$180 / year
Total investment

?

Revenue (AUV)

?

Revenue growth (last 3 years)

?

Profit margin

?

Franchise Disclosure Documents
Advanced filtering and sorting
Watchlist

?

Priority support

?

Upgrade to Pro
Signup successful!
Complete your upgrade

A comprehensive and transparent look at franchising finances. The inclusion of profit margins and disclosure documents offers insights you can’t find elsewhere. Essential for anyone considering a franchise investment.

Darren M.

Franchisee

Been waiting for years for this. All the most important franchises and their latest Franchise Documents to download. The team also updates the franchises very quickly.

Emily V.

Franchisee