WINMARK CORP

Winmark Corporation operates a franchise platform centered on the resale and trade of used goods across five specialty retail concepts. The company does not directly operate stores but instead generates revenue through franchisee fees, royalties, and ancillary services. Its primary brands serve distinct consumer segments: Plato's Closet targets teenagers and young adults buying and selling used apparel and accessories; Once Upon A Child focuses on children's clothing, toys, furniture, and equipment; Style Encore serves the women's and men's upscale resale market; Play It Again Sports offers used and new sporting goods, equipment, and accessories; and Music Go Round specializes in used and new musical instruments and related electronics. The company also operates Winmark Capital, a middle-market equipment leasing business, and provides point-of-sale system hardware to franchisees along with select merchandise to Play It Again Sports locations.

Winmark maintains a lean corporate structure with 87 full-time employees supporting its franchised network across the United States and Canada. The franchise model allows the company to scale without significant capital investment in store infrastructure, instead relying on franchisee-operated locations to conduct retail operations and inventory management. While specific revenue breakdown by segment is not disclosed publicly, the company's revenue is derived from ongoing royalties and fees from franchisees, equipment leasing operations, and direct product sales to certain franchise locations.