How Much Does a Kid to Kid Franchise Cost?
Family-focused resale clothing franchise is an affordable business to own
Kid to Kid franchisees are passionate about helping families, want to save the environment and make meaningful contributions to their communities. The Kid to Kid franchise cost to participate in the $24 billion resale industry is relatively modest: $300,825 to $488,825. This includes all costs associated with startup which will vary from location to location.
“It’s a very exciting time for Kid to Kid,” says Dave Martell, Director of Franchise Development with Kid to Kid. “We are coming off a record sales year and there are a lot of markets that could really need a Kid to Kid store. We’ll work with you to help you reach your lifestyle goals: whether that’s owning one store that allows you to juggle work and family or creating a multi-store empire that’s a major income generator. The majority of our franchisees didn’t have retail experience before they joined our brand, and our support enables them to master this business. If you are organized, love working with people, and have an entrepreneurial spirit, 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 help you develop a business plan for obtaining SBA guaranteed loan or another financing option. We have an in-house financial adviser who will help you to fill out applications, apply for an SBA loan, and obtain the financing you need.
We also have relationships with third-party lenders and major banks. Because Kid to Kid is SBA registered, SBA lenders with whom we have relationships can fast-track your loan. This is a great option, as SBA financing can cover up to 80% of your initial investment in a Kid to Kid store. We will help you 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 $115,000||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||$300,825 to $488,825|
Ready to Own a Kid to Kid Franchise?
Are you ready to own a business that helps families, the environment, and your local community? Click here to request more information and someone from our team will be in touch shortly.