RESALE RETAIL FRANCHISES THRIVE AS CONSUMER DEMAND REMAINS STRONG
Plato’s Closet Ranked on Forbes’ Elite Best Franchise List for the Second Year in a Row
Driven by parents and millennials seeking a good bargain, Winmark Corporation, the national leader in retail resale franchises, is continuing to experience solid growth. Parent company to five, diverse niche concepts – Music Go Round, Once Upon A Child, Plato’s Closet, Play It Again Sports and Style Encore – the company is thriving from the rising trend of consumers seeking high-quality, gently used merchandise.
With more than 430 units currently operating, the brand’s popular teen and young adult resale concept, Plato’s Closet, has been the key driver in cementing Winmark as the leading franchisor in the retail resale space. Proof of this is Plato’s Closet’s second annual ranking among the top five franchises on Forbes Magazine’s list of best franchise investments in America with entry costs of $150,001 – $500,000.
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