How Much Does it Cost?
Family-focused resale clothing franchise is an affordable business to own
Kid to Kid exists to help entrepreneurs who are passionate about helping families, saving the environment and meaningfully contributing to their communities succeed in business. Over the past two decades, Kid to Kid has grown to more than 100 locations throughout the nation, and our longevity is proof that if you provide an exceptional place for people to shop sustainably, the sky’s the limit as to how big you can become.
It’s for this reason that Kid to Kid is committed to keeping the cost of ownership low. In fact, Kid to Kid is one of the most affordable retail franchise opportunities in a $24 billion resale industry. The total investment to open a new Kid to Kid franchise ranges from $301,763 to $484,763. This includes all costs associated with startup, and while the costs may vary from location to location, we’re committed to helping you own a business with long-term profit potential.
“It’s a very exciting time for Kid to Kid,” says Dave Martell, Director of Franchise Development with Kid to Kid. “We’re growing rapidly across the nation, and there’s a ton of opportunity to expand. We want to help you reach your goals, whether that’s one store that becomes a career you can be passionate about every day, or creating an empire that’s a real income generator. The majority of our franchisees didn’t have retail experience before they joined our brand, and we have the support to help you master this business. We want you to love working with people and have an entrepreneurial spirit, and we can fill in the rest. This is an outstanding business opportunity that really makes sense right now.”
Owning a Kid to Kid franchise is made easy through financing
We will assist you in setting up a business plan for obtaining SBA guaranteed financing or another easy financing option. Kid to Kid has an in-house financial adviser who helps franchisees apply for SBA loans, fill out applications, and obtain necessary financing. We also have relationships with several third-party lenders and major banks. This standing enables us to help you secure the necessary financing for your new location and storefront.
Kid to Kid is SBA registered and has several relationships with third-party lenders. Listed on the SBA Franchise Registry, SBA lenders can fast-track loans for a Kid to Kid franchise. This is a great option, as SBA financing can cover up to 80% of the initial investment of a Kid to Kid location. You will need to determine if you are eligible and qualify for this option based on capital, credit score, and collateral.
For a detailed overview of all of the costs and fees associated with owning a Kid to Kid franchise, please review Item 7 from our most recent Franchise Disclosure Document:
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is to be Made|
|Initial Franchise Fee||$25,000||Lump sum||At Signing of Franchise Agreement||Kid to Kid|
|Travel and Living Expenses while Training||$2,000 to $5,000||As incurred||During corporate, in-store, and internship training||Airlines, hotel, restaurants, taxis, etc.|
|Real Estate Deposit, Improvements||$15,000 to $110,000||As incurred||As incurred||Landlord, contractors, various vendors|
|Kid Door||$3,000 to $4,000||As incurred||Prior to Opening||Mill, hardware store, painter, glass shop|
|Exterior Signs and Graphics||$7,000 to $14,000||Lump sum||Prior to Opening||Various vendors|
|Interior Signs||$2,000 to $4,000||Lump sum||Prior to Opening||Sign contractor|
|Fixtures and hangers||$70,000 to $90,000||Lump sums||Prior to Opening||Various vendors|
|Computers, Scanners, Cash Drawers, Printers, Credit Card link, Modem, I-Pad, Software, POS Software, Point of Sale TVs||$23,263||Lump sum||Prior to Training (all hardware and software, including IMAP and Baseline); When you have signed lease (Basecamp)||Dell, BaseCamp Franchising, and various other vendors|
|Security Camera System||$1,500 to $5,000||Lump sum||Prior to Opening||Supplier|
|Grand Opening Promotion||$20,000 to $25,000||Lump sums||Prior to Opening||Media, suppliers|
|Opening Inventory||$48,000 to $60,000||As purchased||Prior to Opening||Various vendors|
|Incorporation Documents||$500 to $1,000||As incurred||Prior to Opening||Attorney, state|
|Loan Fees||$3,500 to $8,500||Lump sums||At application, at loan closing||Lenders, loan brokers|
|Licenses, Permits, Utility Deposits||$1,000 to $2,000||As incurred||As incurred||City, county, and state agencies, utilities|
|Supplies, Misc. Expenses||$5,000 to $8,000||As incurred||Prior to Opening||Various vendors|
|Additional Funds - 3 months||$75,000 to $100,000||As incurred||As incurred||Employees, vendors, suppliers, utilities, insurance company|
|TOTAL||$301,763 to $484,763|