WINMARK CORP

Winmark Corporation is a nationally recognized franchisor focused on sustainability and small business formation, operating as "Winmark - the Resale Company®." The company guides entrepreneurs in operating one of its five resale franchises: Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®, and Music Go Round®. As of December 27, 2025, there were 1,378 franchises in operation across the United States and Canada, with over 2,800 available territories. Winmark's resale brands emphasize consumer value by offering high-quality used merchandise at significant savings compared to new items, and by purchasing customers' used goods. The concepts also offer a limited amount of new merchandise. Since 2010, stores in its resale brands have extended the lives of over 2.1 billion items. The company enhances its franchise model by providing franchisees with technology, tools, and training to expand operations and evolve into multi-channel retailers. Winmark's significant assets are located within the United States, and the majority of its revenues are generated from United States operations. Revenues from Canadian franchisees were approximately $7.8 million in 2025, $7.3 million in 2024, and $6.8 million in 2023. The company was incorporated in Minnesota in 1988. Plato's Closet, franchised since 1999, focuses on gently used clothing and accessories for the teenage and young adult market.