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 2017, our average Plato's Closet location had sales of $984,122, and our top 25% of these stores (109 locations) had average gross sales of $1,476,084.* 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!
*The Average Store numbers are the 2017 Average Gross Sales and Average Gross Profit amounts stated in Item 19 of the 2018 Plato’s Closet® Franchise Disclosure Document (as reported by the 437 stores that had been in operation at least one year as of December 30, 2017). Of the 437 reporting stores, 185 or 42% of the stores attained or exceeded the Average Gross Sales and 182 or 42% of the stores attained or exceeded the Average Gross Profit. The Top Quartile Average Gross Sales and Average Gross Profit only relates to 109 of the reporting Plato’s Closet® Stores who ranked in the top 25% of the gross sales range. Of the 109 stores in the top quartile, 45 or 41% of the stores attained or exceeded the top quartile Average Gross Sales and Average Gross Profit. 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!