Plato’s Closet
Franchise research report · reviewed 2026 disclosure data
Researching Plato’s Closet franchise opportunities? Every figure below is cited to the FDD.
- Franchising since
- 1999 Source: franchise.org
- Headquarters
- Minneapolis, MN United States Source: franchise.org
Plato's Closet franchise specializes in buying and selling gently used clothing and accessories targeted at teens and young adults, operating as a sustainable r
Headline figures
Quick facts
- How much does it cost to open a Plato’s Closet franchise?
- The Plato’s Closet Franchise Disclosure Document reports an estimated initial investment of $355,700 (2026 FDD, Item 7, PDF p. 18). This is the franchisor's disclosed estimate, not a quote. Details
- What is the Plato’s Closet initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $25,000 (2026 FDD, Item 5, PDF p. 12). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- Does Plato’s Closet disclose financial performance (Item 19)?
- Yes. The Plato’s Closet FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 44). Figures apply only to the locations and period each one covers. Details
- How many Plato’s Closet locations are there?
- The FDD reports 1,052 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 46). Existing locations do not indicate territory availability. Details
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $355,700 in the 2026 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 17 separate groups: other measures for 29 Franchised locations; other measures for 34 Franchised locations; other measures for 34 Franchised locations; other measures for 31 Franchised locations; other measures for 14 Franchised locations; other measures for 350 Franchised locations; other measures for 492 Franchised locations; revenue for 123 Franchised locations; revenue for 123 Franchised locations; revenue for 123 Franchised locations; revenue for 123 Franchised locations; other measures for 1 Franchised locations; other measures for 8 Franchised locations; other measures for 130 Franchised locations; other measures for 297 Franchised locations; other measures for 51 Franchised locations; other measures for 5 Franchised locations. They are not combined.
- 3Outlets grew by 22 in 2025, to 1,052 (United States and Canada, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 18
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 12
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
23 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
17 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Other measures · 29 locations
- Who is counted
- Opened 2024
- Period
- Profit count at/above overall average
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 34 locations
- Who is counted
- Opened 2023
- Period
- Sales percent at/above overall average
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 34 locations
- Who is counted
- Opened 2022
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 31 locations
- Who is counted
- Opened 2021
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 14 locations
- Who is counted
- Opened 2020
- Period
- Sales count at/above overall average
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 350 locations
- Who is counted
- Opened 2019 & Prior
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 492 locations
- Who is counted
- Opened TOTAL
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Revenue · 123 locations
- Who is counted
- Sales quartile 1
- Period
- Sales range high
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Revenue · 123 locations
- Who is counted
- Sales quartile 2
- Period
- Sales range low
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Revenue · 123 locations
- Who is counted
- Sales quartile 3
- Period
- Sales range low
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Revenue · 123 locations
- Who is counted
- Sales quartile 4
- Period
- Sales range low
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 1 locations
- Who is counted
- 0 - $250,000 sales band
- Period
- Percent at/above band average
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 8 locations
- Who is counted
- $250,001 - $500,000 sales band
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 130 locations
- Who is counted
- $500,001 - $1,000,000 sales band
- Period
- Average gross sales
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 297 locations
- Who is counted
- $1,000,001 - $2,000,000 sales band
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 51 locations
- Who is counted
- $2,000,001 - $3,000,000 sales band
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
Locations counted: not stated in the reviewed record
Other measures · 5 locations
- Who is counted
- >$3,000,000 sales band
- Period
- Stores
- Excluded
- 34 opened/transferred in 2025 excluded; no closures before12 months. Same franchisee/owner full12months;492of492eligible of526open.
- Method
- Franchisee reported unaudited; gross sales less sales tax/refunds/returns. COGS includes freight/shrinkage. Gross profit excludes all operating expenses. Canadian stores substantially similar. Opening-year above-average counts compare overall492-store averages; source sales-range note references Music Go Round as printed.
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
United States and Canada, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 46
Net +40 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($355,700) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 1,030 to 1,052 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 18
- [2]Standard initial franchise fee — Item 5 · PDF p. 12
- [3]Item 19 — Locations counted not stated in the reviewed record — Opened 2024 · PDF p. 44
- [4]Item 19 — Locations counted not stated in the reviewed record — Opened 2023 · PDF p. 44
- [5]Item 19 — Locations counted not stated in the reviewed record — Opened 2022 · PDF p. 44
- [6]Item 19 — Locations counted not stated in the reviewed record — Opened 2021 · PDF p. 44
- [7]Item 19 — Locations counted not stated in the reviewed record — Opened 2020 · PDF p. 44
- [8]Item 19 — Locations counted not stated in the reviewed record — Opened 2019 & Prior · PDF p. 44
- [9]Item 19 — Locations counted not stated in the reviewed record — Opened TOTAL · PDF p. 44
- [10]Item 19 — Locations counted not stated in the reviewed record — Sales quartile 1 · PDF p. 45
- [11]Item 19 — Locations counted not stated in the reviewed record — Sales quartile 2 · PDF p. 45
- [12]Item 19 — Locations counted not stated in the reviewed record — Sales quartile 3 · PDF p. 45
- [13]Item 19 — Locations counted not stated in the reviewed record — Sales quartile 4 · PDF p. 45
- [14]Item 19 — Locations counted not stated in the reviewed record — 0 - $250,000 sales band · PDF p. 45
- [15]Item 19 — Locations counted not stated in the reviewed record — $250,001 - $500,000 sales band · PDF p. 45
- [16]Item 19 — Locations counted not stated in the reviewed record — $500,001 - $1,000,000 sales band · PDF p. 45
- [17]Item 19 — Locations counted not stated in the reviewed record — $1,000,001 - $2,000,000 sales band · PDF p. 45
- [18]Item 19 — Locations counted not stated in the reviewed record — $2,000,001 - $3,000,000 sales band · PDF p. 45
- [19]Item 19 — Locations counted not stated in the reviewed record — >$3,000,000 sales band · PDF p. 45
- [20]Outlet counts — Item 20, Table 1 · PDF p. 46
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD
Territory & operations
521 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
No verified franchisor financial statement figures have been reviewed yet.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
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At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.