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Plato's Closet

How Much Does it Cost to Open a Plato's Closet® Franchise?

As in any successful start-up business, proper capitalization from day 1 is key. We qualify candidates on an approximate investment of $287,300 to $417,300, however, this investment will vary depending on the market and other factors. Either individually or with a financial partner, our minimum net worth and liquid asset requirements are as follows:

  • $75,000 to $105,000– Cash or liquid assets*
  • $400,000 – Net Worth

*Liquid asset examples include cash, non-retirement stocks, and bonds, etc.

Verification of financial data such as cash available will be required as you move forward in our franchise process. Funds quoted above are in U.S. dollars.

Interested in more detailed franchise costs and investment information? Contact us today!

Type of Expenditure

Minimum

Maximum

Initial Franchise Fee

$25,000

$25,000

Fixtures and Supplies

$45,000

$60,000

Signs

$8,000

$12,000

Security Cameras

$2,000

$5,000

Point-Of-Sale (POS) System

$22,300

$29,300

Leasehold Improvements

$12,000

$22,000

Build-Out

$25,000

$52,000

Deposits and Business Licenses

3,000

$15,000

Opening Inventory

$65,000

$80,000

Miscellaneous Pre-Opening Expenses

$35,000

$60,000

Rent - First 3 Months

$15,000

$24,000

Additional Funds - 3 Months

$30,000

$33,000

Total

287,300

$417,300

Plato's Closet Fast Facts


  • Real Estate

    Real estate

    • Power strip centers or suburban centers around regional shopping malls with a solid teen draw

    • 3,500 – 4,500 square feet

  • Core Customers

    Core Customers

    • Females age 12 to 24

    • Middle to upper middle income households

    • Junior/senior high school and college students

  • Product Selection

    Product Selection

    • 98% gently used

    • 2% new

    • Current, trendy styles for teen and twenty-something males and females

    • Clothing, accessories, footwear, outerwear and athletic wear

    • A few top brands: Lululemon, American Eagle, Adidas, Coach and Free People

Territories Available

Discover the prime territories available for your own Plato's Closet. Find out where you can establish your successful business and make a difference in your local community. Start your journey today!

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