Bring Plato's Closet to Your Community
Tap into the Pulse of Today's Fashion
You don't have to be an industry expert to know that young people spend a lot on clothes, but you may not be aware of just how big this market is. This demographic spends about $50 billion a year on clothing and accessories—and another $170 billion is spent by others (like parents, etc.) on them. The Plato's Closet brand was designed to fill a niche in this marketplace where our stores are both buying the latest fashions and styles from customers and selling them back to our clientele at discounts at up to 90% off regular retail pricing.
In 2016, our average Plato's Closet location had sales of $963,880, and our top 25% of these stores (108 locations) had average gross sales of $1,432,323.* Considering our average Gross Margin is nearly 62%, you can see just how engaging and popular our target demographic finds these stores. Entrepreneur Magazine agrees and has ranked Plato's Closet #1 in its category in the publication's Franchise 500—a list that the brand has been included on for over a decade!
*As stated in Item 19 of the 2017 Plato’s Closet Franchise Disclosure Document (as reported by 434 of the 435 Plato’s Closet stores that had been in operation at least one year as of December 31, 2016). A new franchisee’s results will likely differ from these results.
Ready to start taking steps toward owning and operating your own Plato's Closet franchise business? Submit your qualification form today to start the process!