Plato's Closet

Also filed as: Plato’s Closet

Franchise Information

Analyzed filing: MN · File #1616326783

Filed: Mar 31, 2026

FDD Issued: Mar 16, 2026

Extracted: Aug 24, 2026

Analyzed

Franchisor Details

Name: Winmark Corporation

Address: 605 Highway 169 N, Suite 400, Minneapolis, Minnesota 55441

Phone: (763) 520-8500

Website: www.platoscloset.com

Franchising Since: 1999

Industry & Qualifications

Industry

Retail

Multi-Unit Discount

40.0%

Franchise Fee

$15,000 - $25,000

Royalty

5.0%

Ad Fund: 2.0%

Total Investment

$356K - $468K

Initial Term

10 years

Renewable

Outlet Information

Total Outlets (2025)

526

Franchised

526

Opened (Last Year)

+18

Closed (Last Year)

-7

Churn Breakdown (Last Year)

Terminations

Non-Renewals

Ceased Ops

Transfers

Reacquired

Item 19 (Financial Performance)

Disclosed

Plato's Closet stores; data reported by franchisees to Winmark. Figures reflect...

Financial Performance (Item 19)

Avg Unit Volume (through Dec 2025)

$1,307,875

Median

$1,206,301

Top 25% Avg

$1,965,122

Bottom 25% Avg

$775,090

Highest

$3,849,512

Lowest

$226,706

% Achieving Avg

40.0%

Sample Size

492 units

Unit Economics

Gross Margin

63.5%

COGS

36.5%

Legal History

Litigation: None

Bankruptcy: None

View filing:

Number	File name	Source State	Filing Date	Actions
1616326783	MN_35510-202603-06_winmark-corporation.pdf Canonical 2026 analysis · newest filing	MN	Mar 31, 2026	Restricted
810473572	MN_35510-202603-07_winmark-corporation.pdf Alternate source copy	MN	Mar 31, 2026	Restricted
1748831473	MN_32987-202503-01_winmark-corporation.pdf Canonical 2024 analysis	MN	Mar 25, 2025	Restricted
1431734062	MN_32987-202503-06_winmark-corporation.pdf Canonical 2025 analysis	MN	Mar 25, 2025	Restricted
637820	637820_winmark-corporation.pdf Alternate source copy	WI	Mar 14, 2025 FDD issue date	Restricted
207362	435273_Franchise__Plato_s_Closet_EFDID__435273_North Dakota_207362.pdf Alternate source copy	ND	Mar 14, 2025 FDD issue date	Restricted
207863	435273_Franchise__Plato_s_Closet_EFDID__435273_Maryland_207863.pdf Alternate source copy	MD	Mar 14, 2025 FDD issue date	Restricted
206773	435273_Franchise__Plato_s_Closet_EFDID__435273_Illinois_206773.pdf Alternate source copy	IL	Mar 14, 2025 FDD issue date	Restricted
206869	435273_Franchise__Plato_s_Closet_EFDID__435273_Virginia_206869.pdf Alternate source copy	VA	Mar 14, 2025 FDD issue date	Restricted
208484	435273_Franchise__Plato_s_Closet_EFDID__435273_South Dakota_208484.pdf Alternate source copy	SD	Mar 14, 2025 FDD issue date	Restricted
207160	435273_Franchise__Plato_s_Closet_EFDID__435273_New York_207160.pdf Alternate source copy	NY	Mar 14, 2025 FDD issue date	Restricted
637820	637820_winmark-corp.pdf Alternate source copy	WI	Mar 14, 2025 FDD issue date	Restricted
336347671	MN_30508-202403-03_winmark-corporation.pdf Alternate source copy	MN	Apr 2, 2024	Restricted
188639656	MN_30508-202403-02_winmark-corporation.pdf Alternate source copy	MN	Apr 2, 2024	Restricted
130976	435273_Franchise__Plato_s_Closet_EFDID__435273_Virginia_130976.pdf Alternate source copy	VA	Mar 15, 2024 FDD issue date	Restricted
132271	435273_Franchise__Plato_s_Closet_EFDID__435273_South Dakota_132271.pdf Alternate source copy	SD	Mar 15, 2024 FDD issue date	Restricted
131281	435273_Franchise__Plato_s_Closet_EFDID__435273_New York_131281.pdf Alternate source copy	NY	Mar 15, 2024 FDD issue date	Restricted
138501	435273_Franchise__Plato_s_Closet_EFDID__435273_North Dakota_138501.pdf Alternate source copy	ND	Mar 15, 2024 FDD issue date	Restricted
61638	435273_Franchise__Plato_s_Closet_EFDID__435273_New York_61638.pdf Alternate source copy	NY	Mar 15, 2023 FDD issue date	Restricted
56980	435273_Franchise__Plato_s_Closet_EFDID__435273_North Dakota_56980.pdf Canonical 2023 analysis	ND	Mar 15, 2023 FDD issue date	Restricted
13120	435273_Franchise__Plato_s_Closet_EFDID__435273_North Dakota_13120.pdf Canonical 2022 analysis	ND	Mar 15, 2022 FDD issue date	Restricted

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