1998
475
$90,000
$25,000
$400,000
No
Plato’s Closet is a leading retail resale franchise specializing in gently used, brand-name clothing and accessories for teens and young adults. With a buy-and-sell model, Plato’s Closet offers fashionable, affordable clothing in a sustainable way. Franchisees benefit from a loyal customer base, strong brand recognition, and a proven business model tailored to today’s eco-conscious and budget-savvy shopper.
Founded in 1998 and franchised by Winmark Corporation, Plato’s Closet is part of a family of resale brands that include Play It Again Sports®, Style Encore®, Once Upon A Child®, and Music Go Round®. Winmark is known for its robust franchise support and resale industry expertise. Since its inception, Plato’s Closet has grown to become one of the most recognized names in the fashion resale industry.
Plato’s Closet offers comprehensive training and support for franchisees, including:
Initial Training: In-depth training at Winmark’s headquarters covering operations, merchandising, staffing, POS systems, and more.
On-site Assistance: Support during your store opening with experienced field staff.
Ongoing Support: Continuous access to field operations managers, marketing resources, tech support, and a franchisee intranet.
Marketing Tools: National and local marketing campaigns, branding support, and digital tools to drive store traffic.
Plato’s Closet is looking for franchisees who are:
Passionate about fashion and retail
Strong communicators with leadership skills
Business-savvy and detail-oriented
Able to follow a proven system and actively participate in day-to-day operations
Financially prepared for the initial investment and committed to long-term growth
Retail experience is helpful but not mandatory; franchisees should be enthusiastic about sustainability and style.
Franchise Fee: $25,000
Total Investment Range: $300,000 – $400,000
Minimum Liquid Capital Required: $90,000
Minimum Net Worth: $400,000
Franchise Units (as of latest data): Over 475 stores across North America
Ongoing Royalty Fee: 5% of gross sales
Advertising Fee: 3% of gross sales
Franchise Established: 1998
Franchising Since: 1999
