Plato's Closet Franchise Information
This article will provide you with Plato’s Closet Franchise information. It also tells about what Plato’s Closet is and what kind of business it is. In reading this article, it will give you clear view on how to franchise Plato’s Closet.
In 1998, Plato’s Closet started to sell latest and slightly used signature brand teen fashion. The store only buys modern fashions that is slightly used and is in good form.
Aside from buying used modern fashions, Plato’s Closet is also selling used books, CDs, picture frames, accessories and many more items.
Winmark which is formerly known as Grow Biz is the owner of Plato’s Closet together with Once Upon A Child, Play It Again Sports and Music Go Round.
Plato’s Closet present an original retail franchise chance because this is the only store that sells retail items for teens which is focused on selling and buying slightly used signature clothing and accessories for young girls and boys. And with over 240 branch stores located all over North America, teenagers will surely enjoy shopping limited items on their area and this store will surely grow in number in the future.
With the current situation today that more teens are longing to have trendy clothing but does not have enough money to purchase one, Plato’s Closet is a big help in giving them an option to be in fashion without spending too much money. This is one of the good reasons why Plato’s Closet is a good business to franchise and a great opportunity for customers to have one branch in their area.
In franchising business, you can be the boss of your own business and franchising a well known branded store is a good opportunity to earn more and be a help for middle class teenagers. The company offers a good chance to those interested franchisee because of the on-going support that they will have in the operation of the business with the help of Winmark Corp.
The corporation is fond of recycling things but it does not include collecting cans and papers. Different franchise stores are available with Winmark Corp, it is a company which buy and sell relegate used items with over 850 stores. It include Play It Again Sports that sell sports gear, Once Upon A Child which sell children items, Music Go Round which sells musical gear and Plato’s Closet which sells teen apparel. Majority of its stores are located in the United States but there are about 60 stores in Canada as well.
With the current economic situation of our country, many people are trying to survive with their everyday living by being wise in patronizing secondhand products and items. That is why Plato’s Closet is successful even in current economy. Many secondhand stores are now famous because a lot of consumers are in the hunt of bargain items and goods.
You need to have a minimum of $200,000 net worth and $40,000 cash or liquid assets to qualify in franchising Plato’s Closet. Total Investment needed is $176.6K to $328.9K with a franchise fee of $25,000 and 5% royalty fee which has a 10 years term of agreement that can be renewed after the contract has expired.
1 Comment
- I am in the process of purchasing a home in the area of Murrieta? Lake Elsinore? area. I am wishing to stay in the states but as I have no skills that qualify me to remain in the states...I am looking into starting some kind of business which employs a minimum of 6 employees... Therefore allowing me to remain in the states for as long as I own the business. Can you send me more information please and let me know if it would be possible to have a location near where I will be living? Thankyou for your time and I look forward to hearing back from you. Sincerely. Carrie Giroux
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