If you’re in the market for a franchise opportunity, you can find it at Plato’s Closet. In 2011, the company boasted over 280 franchises in North America. That number nearly doubled to 480 units by 2018 as Plato’s Closet continues to grow its franchise network. Today, Plato’s Closet operates over 500 locations worldwide, adding about 25 to 40 new units a year. The company’s success is not only based on a good concept, but also on an efficient operational plan that will benefit franchisees in the short and long term. In addition, the number of new franchisees is growing because the system continues to expand into new markets and franchisees have better access to customers than ever.
Selling clothes to Plato’s Closet
When selling clothes to Plato’s Closet, you’ll find great deals at up to 70% off retail prices. You won’t find many of these items again, however. That’s why the company encourages you to sell your items. You can make extra money on top of getting rid of your old clothes and creating more room in your closet for new purchases. And, as long as you sell in bulk, you won’t have to worry about the hassle of shipping them back.
If you’re unsure of the quality of your items, don’t worry. Plato’s Closet will inspect your items before you leave. Make sure to include all cloth tags. Cloth tags make it easy for the secondhand store to recycle them. Also, make sure to include the receipts of purchase when selling. This will help them validate your age claim. The clothing should be clean and have no rips, stains, or pet hair. If you’re selling your clothes from your home, you should do so before the peak hours of the store.
Whether you’re looking to diversify your business or make fast cash, you can sell your unwanted clothes to Plato’s Closet. While the company sells 80 percent of women’s clothes, it has a shortage of men’s clothing. This makes it best for individuals looking for fast cash or to diversify their clothing collection. Those looking for a less competitive option may want to try selling their clothes to another online business.
You can sell your gently used name-brand clothing and other items to Plato’s Closet and earn cash on the spot. The company pays up to 70% less than retail prices. And, it’s worth noting that most of their customers bring their own bags. That way, they’re getting brand-name clothing for a lower price. There are many advantages to selling clothes to Plato’s Closet.
Markdowns
Plato’s Closet has many accolades under its belt. In 2011, it featured over 280 franchise locations in the United States and Canada, and has since more than doubled to nearly 400 stores nationwide. The business has continued to grow and impress industry observers, and is now one of Winmark’s best-performing brands. The company’s 2019 FDD details the franchisee fees and other aspects of running a Plato’s Closet store.
Markdowns in Plato’s Closet are great times to purchase clothing that you wouldn’t normally buy. The stores often stock up on new items just before the busy weekend, but if you’re not in the market for a new wardrobe, a Markdown in Plato’s Closet is a great way to save. Basic wardrobe items, like shirts and jeans, can be purchased for as low as $2 each.
Plato’s Closet specializes in affordable clothing, so you can shop a selection that suits your budget and personal style. The store carries popular brands such as Abercrombie and Fitch, Buckle brands, and Hollister. Other brands you can find at Markdowns in Plato’s Closet include Converse, Adidas, Under Armour, Ugg, Coach, and Rock Revival.
The return policy for Plato’s Closet varies from store to store, but generally, the return policy is the same. Items purchased online may be returned or exchanged within seven days of their receipt. However, if they are not in perfect condition, you should return them within seven days of receipt. You can return your purchase for a store credit or exchange. However, you must return it to the store where you made the purchase.
Founded in Columbus, Ohio, Plato’s Closet has more than 470 locations across the country. The Albany, Ohio location is in a strip mall, a typical location for resale chain stores. It is open late for shoppers to shop until 8 p.m. Markdowns in Plato’s Closet are a great way to save money on clothing while making a fashion statement.
Locations
If you’re looking to save money on your wardrobe, you can check out Plato’s Closet. This brand of thrift store buys gently used clothing from individuals for a reasonable price. The buyers of Plato’s Closet’s inventory review items and make offers based on the condition, style, brand, and availability at the store. With over 400 locations across the U.S., you can find a Plato’s Closet near you with little effort.
The store is known for selling fashionable clothes at low prices, and also a responsible approach to environmental issues. Most of its donations are used clothing donated to schools and families in need in North America. Last year, the brand donated five tons of gently used clothing to 800 schools in need, and is committed to responsible business practices. However, there is a small fee to purchase an item. However, the wait time is considerably shorter if you go during the weekdays instead of weekends.
The stores are widely available across the United States. There are three locations in Rochester. One company owns franchise rights to Plato’s Closet, as well as other retail brands Play It Again Sports and Once Upon a Child. Unlike some consignment stores, Plato’s Closet does not buy high-end items; most items purchased by consumers are in good condition and priced within the last twelve to eighteen months.
While buying clothes can be a challenging task, Plato’s Closet employees are trained to source quality items at affordable prices. The store also offers tax deductions for items donated. Whether you are looking for clothing for a special occasion or simply need a new wardrobe, Plato’s Closet sells second-hand items from various brands for 20% to 30% below retail. And because their customers are always satisfied, they are even more likely to buy from them again.
Franchise opportunity
The Franchise opportunity at Plato’s Closet is a growing and profitable business, offering excellent income potential. The company is backed by Winmark Corporation, and its growth has been fueled by a solid business model. A franchise with this company can be lucrative and rewarding, and you may be able to hire someone to manage your business on a day-to-day basis, or simply work fewer hours and make more money.
The franchisor requires franchisees to purchase a point of sale (POS) system before the second week of training. Franchisees must also pay for proprietary software, and gross sales, excluding wholesale transactions. In addition, franchisees must sign a Computer Software License Agreement. Franchisees must also pay a yearly fee, known as the Franchise Fee, which may be increased as much as $1,000.
The Franchise opportunity at Plato’s Closet requires a capital investment of $53,000, with a potential upside of $407,400. However, it is important to note that the company typically takes six months to two years to ramp up. If you’re unsure about the startup cost and ramp-up time, we recommend that you speak with 5 existing franchisees. This way, you’ll get a better idea of how much your investment will be and how long it will take you to earn significant profits.
The company also supports franchisees through training programs and support. You will receive ongoing support from the franchisor. The company also pays franchisees for marketing, advertising, and customer service. If you like the concept, you can explore the opportunity further. Franchise opportunities at Plato’s Closet are great for people who are interested in starting their own business. They can become their own boss and help middle class teenagers make more money.
