Plato’s Closet, a second-hand store that caters to teens and young adults, is slated to open on North Academy Boulevard March 1.

That’s when it will open to buy anyway, said franchisee Sharon Hoffstetter. It typically takes Plato’s Closet stores six to eight weeks to build up their inventories before they open to sell the “gently used” clothing they’ve purchased to the public. Hoffstetter said she expect to open for sales by May 1 at the latest.

Hoffstetter said she shopped at Plato’s Closet with her daughter for years and always appreciated what the store offered.

Her daughter went to Cheyenne Mountain High School, where some kids wore expensive clothes.

“Plato’s Closet helps to level the playing field,” Hoffstetter said. “Kiddos can get $200 jeans for $29.99.”

Hoffstetter’s daughter left for business school this fall and she decided it was time to take the next career step. She worked at Booz Allen Hamilton for many years. She also recently bought a non-medical home-care company, grew it by 700 percent and sold it, she said.

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She really enjoyed building that business and decided she’d like to build another one – form the ground up this time.

“I also really feel like this generation has balance and vision,” she said of the 16 to 22-year-olds that Plato’s targets. “I get to work with this generation and build a business.”

Hoffstetter’s Plato’s Closet will be the second one in town. There is another at the Citadel Crossing shopping center on South Academy Boulevard.

Hoffstetter’s said she believes her location at 7529 N. Academy will draw from a different geographic region of the city. She and the owner of the south store agreed that there is room in Colorado Springs for two stores. She also said she believes the location – between Woodmen Road and Briargate Boulevard – is ideal for a Plato’s Closet.

“This stretch of Academy is thriving,” she said. “There’s a lot of energy and excitement here.”