Description

Plato's Closet was recently named the #1 Rated Franchise in the $150,000 - $500,000 investment category by Forbes Magazine! As part of this ranking, Winmark Corporation was given an "A" in franchisor support. This business model is a winner and with all of the territories in the area sold out, the existing store in St. Pete is your opportunity to step into an established, profitable business and hit the ground running.
Plato's Closet offers a truly unique retail franchise opportunity, as it is the leading national teen retail store of its kind -- focusing on the buying and selling of gently used, brand-name apparel and accessories for girls and guys! Plato's Closet has nearly 400 store locations throughout North America, and that number continues to grow.
Our stores fill a distinct niche in the retail marketplace. We are the leading national resale business that specializes in the teen and twenty something market group. The wish list for trendy, brand-name apparel and the availability of it in virtually every teen's closet presents fantastic opportunities for both franchise owners and customers alike.
The average sales for Plato's Closet stores are over $1M with gross margins of over 60% which is unheard of in traditional retail. If you're looking for a profitable business with a proven brand and the support in place to help you succeed, look no further than Plato's Closet St. Pete!

Financial Summary

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