Plato's Closet

$PSCLF500 #239
CategoryRetail
SubcategoryApparel & Accessories
Founded1988
Completeness26/34 (76%)
Years in Business37
Began FranchisingMarch 1999
HQMinneapolis, MN
Executives6
LinksWeb
Main Phone(763) 520-8500
FDD IssuedMarch 16, 2026
Last UpdatedMay 20, 2026
FDDs2026 · 2025 · 2022 🔒
Franchisor

Winmark Corporation franchises Plato's Closet® retail stores that sell quality used and new brand name teen and young adult clothing and accessories, emphasizing consumer value by offering used merchandise at substantial savings and purchasing customers' used products.

Winmark Corporation, incorporated in Minnesota in 1988, operates under the name Plato’s Closet and has no parent company. Key executives include CEO Brett D. Heffes and COO Renae M. Gaudette, with a team of approximately 10 executives.

Winmark Corporation franchises Plato's Closet® retail stores that sell quality used and new brand name teen and young adult clothing and accessories, emphasizing consumer value by offering used merchandise at substantial savings and purchasing customers' used products.

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Inside the full scorecard
FranDeals Score
34-box data-completeness and quality rating
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Franchisee Health Score
Operator-side financial health signal
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Fees & Investment
Franchise fee, royalty, total startup cost (Items 5–7)
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Financial Strength & Stability
Current ratio, debt/equity, ROE, margins (Item 21)
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Item 19 — Financial Performance
Average unit revenue, revenue spread, payback
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Unit Count & Growth
Systemwide units and multi-year growth (Item 20)
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Outlet Trajectory
Openings, closures, survival & turnover rates
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Executive Team
Officers and directors (Item 2)
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Franchisee Roster
Current and former franchisee operators
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Litigation & Disclosures
Item 3 legal matters, Item 4 bankruptcy
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News & Peer Comparison
Recent signals and category benchmarks
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