Question 1

How many Plato's Closet franchise locations are there?

Accepted Answer

Plato's Closet currently has 515 total units, including 515 franchised locations and 0 company-owned locations.

Question 2

Is the Plato's Closet franchise system growing or shrinking?

Accepted Answer

Plato's Closet has experienced positive net growth of +1.8% over the past year, with a 3-year compound annual growth rate (CAGR) of +1.0%.

Question 3

What is the franchise vs. company-owned ratio for Plato's Closet?

Accepted Answer

Plato's Closet has a franchise ratio of 100%, meaning 100% of all units are franchisee-owned. This is a heavily franchised system.

Question 4

How many Plato's Closet franchise units have opened and closed recently?

Accepted Answer

In the most recent reporting year (2024), Plato's Closet had 14 units opened and 5 units closed.