U.S. Investment Information for Plato’s Closet

U.S. Investment Information
for Plato’s Closet

Investment Requirements

As in any successful start-up business, proper capitalization from Day 1 is key. We qualify candidates on an approximate investment of $250,000 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 – Cash or liquid assets*
$175,000 – Equity or other assets to be used as collateral to obtain sufficient bank financing.

*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. Click here for Canadian Investment Requirements.

Interested in more detailed franchise costs and investment information?

Click here toLEARN MORE>

Canadian Investment Information for Plato’s Closet

Canadian Investment Information
for Plato’s Closet

Investment Requirements

As in any successful start-up business, proper capitalization from Day 1 is key. Therefore, minimum requirements for net worth and liquid assets have been established for those wishing to become a Plato’s Closet franchise owner. These figures are representative for each individual location.

Either individually, or with the assistance of a financial partner, applicants will have access to $75,000 in cash or liquid assets* that can be turned into cash. Additionally, the applicant should have assets of at least $175,000 to be used as collateral to obtain appropriate financing. These financial requirements are based around the total investment costs of the business.

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

Please note: Written financial documentation will be required as you move forward in our franchise process. Funds quoted above are in Canadian dollars. Click here for U.S. Investment Requirements.

Interested in more detailed franchise costs and investment information?

Click here toLEARN MORE>

Plato’s Closet Fast Facts

  1. Sales and Gross Margin:

    Top Quartile Average Gross Sales: $1,454,415*
    Top Quartile Average Gross Profit: $900,855*

  2. Core Customers:

    Females age 12 to 24
    Middle to upper middle income households
    Junior/senior high school and college students

  3. Product Mix:

    98% gently used
    2% new

  4. Real Estate:

    Power strip centers or suburban centers around regional shopping malls with a solid teen draw
    3,500 – 4,000 square feet

Plato’s Closet

Plato’s Closet

Sales: Plato’s Closet

Sales: Plato’s Closet
×
×