Plato's Closet
Winmark Corporation
Free for qualified buyers
Investment Range
$327,200 - $449,000
Franchise Fee
$25,000
Royalty
5%
Marketing Fee
—
Total Units
515
Median Revenue
$1,185,306/yr
Unit Growth
2022
500
2023
506
2024
515
Initial Investment Breakdown
| Category | Low | High |
|---|---|---|
| INITIAL FRANCHISE FEE (See Note 3) | $25,000 | $25,000 |
| FIXTURES AND SUPPLIES (See Note 4) | $50,000 | $65,000 |
| SIGNS (See Note 5) | $11,000 | $16,000 |
| SECURITY CAMERAS (See Note 6) | $1,500 | $4,000 |
| POINT-OF-SALE (POS) SYSTEM (See Note 7) | $22,200 | $29,500 |
| + 7 more categories (apply to see all) | ||
| TOTAL INVESTMENT | $327,200 | $449,000 |
Financial Performance Data
Access detailed revenue metrics, expense breakdowns, and profitability data from the Item 19 Financial Performance Representation.
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Apply for Free AccessIs Plato's Closet a Good Investment?
Based on the FDD data, here are key factors to consider when evaluating a Plato's Closet franchise opportunity:
Potential Advantages
- •Established brand with 515+ locations nationwide
- •Competitive royalty fee of 5%
- •Clean legal record with no disclosed litigation or bankruptcy
- •Financial Performance Representation (Item 19) available for review
Considerations
- •Conduct thorough due diligence before investing
Disclaimer: This analysis is based on publicly available FDD data and should not be considered financial advice. Always consult with a franchise attorney and accountant before making any investment decision.
Frequently Asked Questions About Plato's Closet
How much does a Plato's Closet franchise cost?
The total initial investment for a Plato's Closet franchise ranges from $327,200 to $449,000. This includes the franchise fee, equipment, inventory, real estate, and other startup costs as disclosed in the FDD.
What is the Plato's Closet franchise fee?
The initial franchise fee for Plato's Closet ranges from $25,000 to $25,000.
What are the ongoing fees for a Plato's Closet franchise?
Plato's Closet franchisees pay a 5% royalty fee and marketing fees on an ongoing basis.
How many Plato's Closet franchise locations are there?
Plato's Closet currently operates 515 franchise locations. This includes both franchised and company-owned units.
Quick Facts
Free for qualified franchise buyers
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- Financial performance metrics
- Franchisee contact directory
- Historical year-over-year trends
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- Download FDD documents
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