Plato's Closet

$PSCLF500 #239
CategoryRetail
SubcategoryApparel & Accessories
Locations526
Franchisee Count525
Franchise Fee$25,000
Item 7 Low$355,700
Item 7 Midpoint$411,800
Item 7 High$467,900
Royalty Fees5% of Gross Sales
Ad / Brand Fund6%
Sold Not Open10
ParentWinmark Corporation
Founded1988
Completeness34/34 (100%)
Years in Business37
Began Franchising1999
HQMinneapolis, MN
Executives14
LinksWeb
Main Phone(763) 520-8500
FDD IssuedMarch 16, 2026
Last UpdatedAug 24, 2026
FDDs2026 · 2025 · 2022 🔒
Franchisor

Winmark Corporation franchises Plato's Closet® retail stores that sell quality used and new brand name teen and young adult clothing and accessories, emphasizing consumer value by offering used merchandise at substantial savings and purchasing customers' used products.

Winmark Corporation, incorporated in Minnesota in 1988, operates under the name Plato’s Closet and has no parent company. Key executives include CEO Brett D. Heffes and COO Renae M. Gaudette, with a team of approximately 10 executives.

Winmark Corporation franchises Plato's Closet® retail stores that sell quality used and new brand name teen and young adult clothing and accessories, emphasizing consumer value by offering used merchandise at substantial savings and purchasing customers' used products.

Read Plato's Closet’s complete March 16, 2026 Franchise Disclosure Document — plus 2 prior years on file. Founder level — $19/mo — also unlocks Item 19 revenue, financial strength and unit trajectory across all 3,850 brands on FranDeals.

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