$176,600 is the minimum that someone opening a location should expect to invest. Salary information comes from 209 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. How much does it cost to open a Plato's Closet Franchise? approximately $15,000 per year for Sales Leader to $54,379 per year for Journalist. Cool. All you have to do is go to a register and an employee can set you up. Platos will only pay you 30-40% of what they will sell it for. And you if have ever shopped at Platos Closet, you will know that their price has to be pretty competitive. So if theyre going to sell a shirt for $8, they will pay you two to three dollars tops. According to Glassdoor, the average Platos Closet owner makes $50,000 per year. According to Platos Closet, locations generate over a million dollars in revenue on average. As stated on their website, Platos Closet is looking for gently used, trendy, in-style clothing (no ketchup stains, no snags, or non-manufactured holes). Please note that all salary figures are approximations based upon third party The 2021 top quartile Average Gross Sales only relates to the 114 Platos Closet stores that ranked in the top 25% of the gross sales range. The average Plato's Closet salary ranges from approximately $19,403 per year for Cashier/Sales to $48,045 per year for Store Manager. According to our data, the highest paying job at Plato's Closet is a Store Manager at $48,000 annually while the lowest paying job at Plato's Closet is a Salesperson at $12,000 annually. Plato S Closet What We Re Looking To In Guys Clothes You. Estimated Number of Units: 485. They also break it down and explain in a little more depth how their process works. There is no definitive answer to this question as plumbers salaries can vary greatly depending on a number of factors, including experience, location, and the type of employer. Plato's Closet Salaries trends. Headquarters: Minneapolis, Minnesota. Business owner information. Some of the employee's didn't seem very helpful and nice. Over the weekend I took a bag of 23 clothing items to my local Platos Closet to see how much money I could make. Hi Rachel. How much does Plato's Closet in Texas pay? How does Plato's Closet make money? Platos Closet sells clothes for 60% 70% off retail prices, so in order to make a profit, they dont want to spend much to buy them. 167 reviews of Plato's Closet "If you like denim, then you'll love this store. unless were pricing it for 60 plus, you're not getting much money. Buyers can pick the sell price, and decide if you're getting a New products go out every day. In 2021, of the 457 stores that reported, 195 or 43% of the stores attained or exceeded the Average Gross Sales. Since Platos Closet cash for your items in cash, expect a sharp mark-down from retail value. If Platos Closet buys your clothes, it will usually be around 30-40% of the price you bought them at. Platos sell their clothes for 60 80 off retail prices, so they would have no profit if they spend much to buy them. What is the business model of Plato's Closet? Welcome to Plato's Closet Norman, OK! Plato's Closet Salaries trends. The estimated total pay for a Owner Operator at Plato's Closet is $104,434 per year. While the type of item may make a difference, we found that Uptown Cheapskate pays a little more on average than Platos Closet. Platos Closet is a recycling business that purchases second hand clothes for less than market value from consumers, and sells them for a profit. The average Plato's Closet salary ranges from approximately $32,267 per year for an Assistant Manager to $43,199 per year for a Store Manager. 3. management doesn't listen to employees needs. You will get some of the best reviews of platos closet where some have mentioned that they got a total of $98.05 for some items that are around 20 or more. So, if you have this question, how much does platos closet pay for clothes? The simplest answer is that we can figure out that if the total is $98.05 then the figured out cost is $4.90 per thing. There are several factors to consider when youre trying to decide how much a plumber should charge. Pierce looks for mall and designer brands, as well as some vintage and unusual clothing. Salary information comes from 90 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Salaries posted anonymously by Plato's Closet employees in New York City, NY Area. Marcie W. Business Owner. Meanwhile, Uptown Cheapskates offered $5.25 per item on average. You'll get about 25 cents-dollar on most average items that we sell for 10-15$. 8. Plato's Closet employees rate the overall compensation and benefits package 2.5/5 stars. 135 reviews of Plato's Closet "The manager is great and only a few of the employees. On average, the store manager could earn $15, a sales associate could earn $10, and a keyholder could earn $11. November 28, 2021. The estimated additional pay is $31,607 per year. Not many people know about this, but you can purchase a gift card with any amount you want! John C. Business Owner. We buy based on what's trending in the area, and sometimes a bigger scale. 4/15/2019. How much do plumbers make?. It may sound simple, but second hand clothing is a big business. - Anonymous, May 27, 2022. Plato's Closet revenue in 2021 & 2022 (trailing twelve months' revenue) ranges between $5M-$10M, calculated on a gross merchandise value basis. You can also fill out our online application. Funny. Average Plato's Closet Store Manager yearly pay in the United States is approximately $45,024, which meets the national average. The regular customers can bring in a bag or two of Meet Felice Pierce, founder of Platos Closet and Revolve Fashion. 1. they have on call shifts, personal grudges if you can't cover a shift and theres lack of shifts. Business owner information. Please note that all salary figures are approximations based upon third party submissions to Indeed. Franchising Since: 1999. There are Platos Closet *The Average Store numbers are the 2021 Average Gross Sales and Average Gross Profit amounts stated in Item 19 of the 2022 Platos Closet Franchise Disclosure Document (as reported by the 457 stores that had been in operation at least one year as of December 25, 2021). Plato's Closet franchise fees for 2022: Cash Investment: $90,000-105,000 Total Investment: $250,700-$389,600 Click here to find out how much Plato's Closet franchisees make. We would be happy to discuss next steps after reviewing your information. May 9, 2022 by SIMON BIRD. Franchise Description: Winmark Corporation is the franchisor. So, how much does Platos Closet pay for clothes? The average Plato's Closet hourly pay ranges from approximately $9 per hour for a Sales to $17 per hour for a Store Manager. $20,000 is the franchise fee new franchisees pay the franchisor. COVID update: Plato's Closet has updated their hours and services. How much does a General Manager make at Plato's Closet in the United States? How much do Platos Closet owners make? Average Plato's Closet hourly pay ranges from approximately $7.25 per hour for Lead Associate to $13.63 per hour for Shift Leader. [irp] Platos S Closet Spokane Wa And Teen Clothes. Useful. How much does Platos Closet pay employees? Average Gross Profit: $777,664 (2021)*. We have all the name brands and styles you love at up to 70% less than regular retail prices. But always do your own research! The most the franchisor could ask you to invest is $328,900 if you want to become a franchisee. Plato's Closet employees earn $20,000 annually on average, or $10 per hour, which is 107% lower than the national salary average of $66,000 per year. While its possible to get items for as little as $2, the higher-end brands can fetch up to $400. They make money through one-time sales. 7. 2022 Franchise Requirements Needed to Own a Plato's Closet Franchise. We received $4.90 per item on average from our previous Platos Closet trip. - Anonymous, May 27, 2022. To know How Much Does Platos Closet Pay for Clothing, you must know how much money you will make selling to Platos Closet. This will depend on the number of items you bring in and what condition your items are in, but it is possible to receive up to $500 per item. There is an initial franchise fee of $25,000 which grants you the license to run a they're understaffed yet don't give hours. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. That means on average I earned $3.09 for every item I sold. How Much Does Platos Closet Pay For Polo Shirts Nils Stucki. The estimated investment required to open a Plato's Closet Franchise is between $251,700-$390,700. Owners incredibly nice and gave end of year bonuses with pay depending on performance and time in the job. Plato's buys and sells gently-used teen and young adult casual clothing and accessories. Salaries posted anonymously by Plato's Closet employees in Colorado Springs, CO Area. The estimated base pay is $72,827 per year. If you are interested in joining the family, call (866) 668-0681 or fill out our qualification form! At Plato's Closet, we buy and sell gently used clothes, shoes, handbags, and accessories for guys and girls in their teens and twenties. What does a Plato's Closet Franchise Cost? They have a wide range of prices on their website for regular customers and those going through the closet-cleaning process. 2. lack of training, they give more time to new people to "learn" but then get behind and have older employees clean up + rush at closing. I bought one item so I walked out of the store with $27.85 cash in hand. A Plato 3 salaries for 2 jobs at Plato's Closet in New York City, NY Area. 5/11/2022. To answer the question How Much Does Platos Closet Pay for Clothing, we can say the popular clothing store Platos Closet pays anywhere from $1 to $80 per garment. Average Plato's Closet General Manager yearly pay in the United States is approximately $30,652, which is 44% below the national average. 4 salaries for 4 jobs at Plato's Closet in Colorado Springs, CO Area. They will pay around 30% of the price youd pay for the item. We buy all day, every day, so we are able to fill our racks with new amazing products as soon as they come in. It caters mostly to a female, under 25 crowd, but if you fit this catagory and love the blue stuff, then you'll die of bliss upon your first purchase. Owners incredibly nice and gave end of year bonuses with pay depending on performance and time in the job. Your cut is typically a third of what they could sell it for. *The Average Store numbers are the 2021 Average Gross Sales and Average Gross Profit amounts stated in Item 19 of the 2022 Platos Closet Franchise Disclosure Document (as reported by the 457 stores that had been in operation at least one year as of December 25, 2021). When selling items on Platos Closet, make sure to make the price competitive with its own prices. Plato S Closet Madison West 15 Photos 10 Reviews Women. How much does Plato's Closet - Management in the United States pay? Plato's Closet sell through own web store. Platos Closet pays employees between 9 21 dollars hourly, depending on the employees job position/title. Become a Plato's Closet Owner! In total, they offered me $30.55 for 9 items. Theyll buy basic things like T-shirts for around $2. However, this number can vary greatly depending on the location of the store and the owners experience. Revolve Fashion buys and sells women's clothing and accessories.