Circle K vs Plato’s Closet®
Franchise Comparison 2026
Both Circle K and Plato’s Closet® are retail franchises. Circle K requires an investment of $1.5M – $2.7M while Plato’s Closet® requires $356K – $468K. In terms of revenue, Circle K reports higher average unit revenue at $1.4M. On SBA loan performance, Plato’s Closet® has a lower charge-off rate (2.1%) compared to Circle K (6.7%). FranchiseVerdict rates Circle K B (Above average) and Plato’s Closet® A (Strongest tier).
| Metric | Circle K | Plato’s Closet® |
|---|---|---|
| Verdict Grade | BAbove averageAbove average | AStrongest tierStrongest tier |
| Investment Range | $1.5M – $2.7M | $356K – $468K |
| Franchise Fee | $25K | $25K |
| Royalty Rate | 3.0% | 5.0% |
| Average Revenue (Item 19) | $1.4M | $1.3M |
| SBA Charge-Off Rate | 6.7% (80 loans) | 2.1% (229 loans) |
| Total Units | 6,063 | 526 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1995 | 1999 |
| FDD Year | 2024 | 2026 |
Investment Range
$1.5M – $2.7M
$356K – $468K
Franchise Fee
$25K
$25K
Royalty Rate
3.0%
5.0%
Average Revenue (Item 19)
$1.4M
$1.3M
SBA Charge-Off Rate
6.7% (80 loans)
2.1% (229 loans)
Total Units
6,063
526
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1995
1999
FDD Year
2024
2026