Question 1

Does Plato's Closet franchise offer exclusive territory?

Accepted Answer

Plato's Closet offers Exclusive territory protection to its franchisees. This means no other franchisee can open in your designated area.

Question 2

What is the Plato's Closet franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Plato's Closet is 10 years. The total potential term is 10 years.

Question 3

What is the non-compete clause for Plato's Closet franchise?

Accepted Answer

The Plato's Closet franchise non-compete clause extends for 2 years within a 10-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Plato's Closet franchise?

Accepted Answer

Yes, Plato's Closet allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $10,000 applies.