The Business
Plato’s Closet is a retail-resale brand aimed directly at one of the marketplace’s most demanding and discerning demographics: teens and twenty-somethings. Using our “ultra-high-value” approach to the resale industry, we’ve been able to create a vibrant, kinetic retail experience that not only keeps up with the latest trends and fashions, but builds loyalty with young customers and families who are looking for affordable options and appreciate the opportunity to sell us the clothes that no longer fit or meet their personal style. This business model is pro community and sustainability!
The Leader
When it comes to fashion and accessories, teenagers and twenty-somethings have a lot of choices—in fact, a significant segment of the fashion retail industry is already dedicated just to them. Plato’s Closet has the advantage of carrying items from all retailers in this category in one location. This continues to prove enticing and convenient to shoppers in the communities where we have established franchises, where they can shop in one store and get all the latest brands, styles and fashions at affordable prices.
The Biggest
Plato’s Closet continues its reign as the leading national retail store of its kind. With 482 locations across North America and new stores opening each month our impact continues to grow. The brand is rapidly expanding, but there are still untapped markets across the US and Canada ripe for a new franchisee to establish their own Plato’s Closet.
The Best
Can you believe a store selling gently used teen and young adult clothing and accessories could have average gross sales of just over $1M? That’s Plato’s Closet. Did you know our top quartile in the system (over 100 stores) has average gross sales of over $1.5M? Plato’s Closet is designed to be a high volume, high gross margin business. The model is proven, it works, it’s scalable and it is the best in the business.
The Opportunity
Life changing. That’s what we hear from our franchisees. Our system includes young couples entering into business ownership for the first time, retired executives ready to chart their own course, families who are building a business with multiple locations to pass on as their siblings and children grow up. This is a business you can grow from one store to many depending on your goal.
Basic Franchise Info
Average Investment: $250000 - $389600
Minimum Investment: $251700 - $390700