Monetary assets required for starting a Platos Closet. Assembling SBA loans for 250 K, but the franchise requires 75 k to be liquid assets.
Plato's Closet is an international chain clothing store that buys and sells name brand consignment clothing for teens, offering name brand clothing at 70% off the original price. The core customer group is females age 12 to 24, secondary group being females 25-45, including moms. In 2010, the average Plato’s Closet store had sales of $858,716 with an average gross profit of $535,716 (62.39%). (http://www.platoscloset.com/own-a-platos-closet)