Plato's Closet
Minneapolis, MN
Plato's Closet, established in 1998 and franchising since 1999, is a prominent retail franchise with approximately 490 locations. The investment for franchisees ranges between $330,500 and $469,850, which includes a franchise fee of $25,000 and a liquid capital requirement of $150,000. With a steady growth rate of 5% over the past five years, Plato's Closet offers comprehensive support and operational assistance to its franchisees. This opportunity is ideal for those with a keen interest in fashion and sustainability, making it an attractive investment for aspiring entrepreneurs ready to enter the retail market.
FIC Score
out of 100
Investment Range
$331K – $470K
Franchise Fee
$25K
Total Units
490
5-Year Growth
+5%
FIC Score Breakdown
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Overall Ranking
Out of 787 franchises
Specifications
About the Plato's Closet Franchise Opportunity
The Plato's Closet franchise is a Retail franchising opportunity founded in 1998 and headquartered in Minneapolis, MN. With over 490 franchise units, Plato's Closet is one of the recognized brands in the retail sector available to prospective franchisees.
The total investment required to become a Plato's Closet franchisee ranges from $331K to $470K. The initial franchise fee is $25K. Prospective franchise owners must have a minimum of $150K in liquid capital. Franchisees pay an ongoing royalty fee of 5%.
The Franchise Information Center has assigned Plato's Closet a FIC Score of 52.6 out of 100, ranking it #505 among all franchises. This proprietary franchise score evaluates three core dimensions: scalability (52.5/100), franchisor support quality (52.8/100), and unit economics (52.5/100).
Plato's Closet has demonstrated 5% unit growth over the past 5 years, reflecting strong demand for this franchise opportunity among investors and entrepreneurs entering franchising.
The Franchise Information Center provides free consultations to help you evaluate whether the Plato's Closet franchise is the right franchising investment for your goals, budget, and market. Our expert franchise brokers work directly with franchisors on your behalf — at no cost to you.
Plato's Closet
FIC 52.6 · #505
DISCLAIMER: The financial information displayed on this page — including franchise fees, total investment ranges, liquid capital requirements, royalty fees, and unit counts — is provided for general informational purposes only and is sourced from publicly available data, third-party directories, and franchisor-published materials. This information may not reflect the most current figures disclosed in the franchisor's Franchise Disclosure Document (FDD). Investment amounts, fees, and terms are subject to change without notice and may vary based on location, market conditions, territory, and other factors. The Franchise Information Center (FIC) does not guarantee the accuracy, completeness, or timeliness of any financial data presented herein. Nothing on this page constitutes a franchise offering, investment advice, or a solicitation to purchase a franchise. A franchise offering can only be made through a Franchise Disclosure Document (FDD) registered and delivered in accordance with applicable federal and state law. Before making any investment decision, prospective franchisees should independently verify all financial data with the franchisor directly and consult qualified legal and financial advisors. The FIC Score is a proprietary analytical tool for informational purposes only and does not constitute an endorsement, recommendation, or guarantee of franchisee success or investment return.