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Monetary assets required for starting a Platos Closet. Assembling SBA loans for 250 K, but the franchise requires 75 k to be liquid assets.

  • Stage Full Product Ready
  • Industry Retailing / Distribution
  • Location Salt Lake City, UT, USA
  • Currency USD
  • Website

Company Summary

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%). (


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    Sarah Elisabeth Lowe
    General Manager/Owner

    Currently in school for MBA. Worked 3 years at a Platos Closet, recommended by previous store owner to open a franchise store.

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    Zach Lee Lowe
    General Manager/Owner

    Currently in school for an Accounting and Finance Degree. Works in governmental accounting. 4 years accounting experience.