Plato's Closet is a Minneapolis, Minnesota-based retail resale franchise owned by Winmark Corporation, buying and selling gently-used teen and young-adult brand-name clothing and accessories. Founded in 1988 and franchising since 1999, the system operates 526 stores across North America. Winmark Corporation provides an Item 19 financial performance representation in the current filing.
What's in the Plato's Closet Clearly Report™
An easy-to-understand breakdown of the Plato's Closet Franchise Disclosure Document — built so you can evaluate the opportunity in an afternoon, not a weekend.
- All 23 FDD Items, summarized. The fees, the obligations, the legal history, the territory rules — translated out of legalese.
- Item 19 financial performance, decoded. What Plato's Closet actually discloses about unit-level revenue, costs, and profitability.
- Total cost to open. Not just the $355,700 – $467,900 range — the line items that make up those estimates, including recommended working capital.
- Downloadable Research. Keep track of questions you have, notes you make, and download a copy of your transcript with Clara — all in your Workspace.
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