Plato's Closet, by the numbers
Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.
SBA Franchise Directory: listed ✓ (identifier S1327)
48 deals since 2020 · typical deal $467K · 0% failure rate
48
Deals since 2020
$467K
Typical deal
7
Deals since FY2025
0%
Failure rate (FY20–23)
Plato's Closet buyers almost always make it — a 0% failure rate puts it among the safest franchise bets on record.
What buyers pay for Plato's Closet
Most Plato's Closet deals financed between $317K and $630K. Above $630K, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $6,100
- Down payment (10%)
- $52K
- Cash to close (all-in)
- $69K
Estimates at today's rates and standard 7(a) terms. Not a loan offer.
Could you get the loan?
Three answers. No documents, no credit pull.
Credit score
Available cash (you'll need ~$69K)
Experience
Recent financings
- Luck Enterprises, Inc. in Williston, VT — $1.8M (2026) · purchase · VelocitySBA, LLC
- Program
- Preferred Lenders Program
- Rate at approval
- 8.75% variable
- Term