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154. Plato's Closet

Last Year's Rank: 157

Investment Range: $255,000 - $400,900

Initial Franchise Fee: $25,000

Category: Retail

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Company Description

Plato’s Closet is a secondhand clothing store focusing on trendy young adult and teen fashion. The company buys gently used name brand clothing and accessories, especially from millennials and younger Americans, and then resells the items.

Winmark Corporation, a franchised retailer holding company that also owns brands Music Go Round and Play It Again Sports, franchises Plato’s Closet. Plato’s has locations in both the U.S. and Canada.

Company Statistics

Global Sales: $489,000,000

US Units: 450

International Units: 30

Total Units: 480

Percent Franchised: 100%

% International Units: 6%

US Franchised Units: 450

International Franchised Units: 30

Sales Growth %: 7.2%

Unit Growth %: 0.8%

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