Why is Plato's Closet called Plato's Closet?
Plato's Closet
The store's name was inspired by a Blum son's schoolwork about Plato who had been an early advocate of recycling, which paralleled the aim to recycle used clothes. In 2011, there were over 280 franchisees in the United States and Canada.
The first Plato's Closet store was opened in Columbus, Ohio by founders Lynn and Dennis Blum - our owners! They turned to their teenage son to help create the name for the business.
5-6 hours a day.
Every week or every other week.
The first Plato's Closet store was opened in Columbus, Ohio by founders Lynn and Dennis Blum - our owners!
Plato's Closet's success has been recognized across the industry: it has been included in Entrepreneur Magazine's Franchise 500 for 14 consecutive years.
Most dresses and jackets in Plato's Closet cost $8 to $12; tank tops go for $3 to $8; non-designer shoes $10 to $19; and more casual shoes $8 to $16.
How much does Plato's Closet franchise cost? Plato's Closet has the franchise fee of up to $25,000, with total initial investment range of $255,000 to $400,900.
Unlike consignment shops, Plato's Closet pays sellers on the spot. The used clothes are purchased at between 30% and 40% of what Plato's Closet intends to sell them at, creating a profitable model for both franchisees and customers.
What tips or advice would you give to someone interviewing at Plato's Closet? DRESS YOUR BEST CASUAL! Dress how you would dress in a photo shoot. Make sure you are comfortable and organized.
Do Plato's Closet employees get a discount?
The employee discount at Plato's Closet is 20% off.
Facts About Working at Plato's Closet
Hiring Age: 16 years old (How old do you have to be to work at Platos Closet?)
We do not wash clothing as we purchase it but we do accept items in ready to wear condition. We are particularly picky on the cleanliness of the items accepted but we like to remind shoppers to give their items a wash once they get them home.
4. How much does Plato's Closet pay for clothes? Plato's Closet sells clothes for 60% – 70% off retail prices, so in order to make a profit, they don't want to spend much to buy them.
Shein and watch for our Shein drop!
Salary Details for an Owner Operator at Plato's Closet
The estimated base pay is $72,510 per year. The estimated additional pay is $14,649 per year. Additional pay could include cash bonus, commission, tips, and profit sharing.
