Kid to Kid FAQS
Kid to Kid FAQs: Answers to common questions about owning a franchise
These are the most common questions entrepreneurs have about the Kid to Kid franchise opportunity. We try to make sure the Kid to Kid FAQs answers most of your questions. But, if you have additional questions or need more clarification, fill out the form on this site to begin a conversation. We can’t wait to hear from you!
How much does it cost to purchase a Kid to Kid franchise?
The estimated cost to open a new Kid to Kid franchise ranges from $301,763 to $484,763. Your investment will vary based on a variety of factors including the location, buildout costs, amount of working capital budget, store size and so on.
What are the ongoing fees associated with Kid to Kid franchise ownership?
For your first franchise, we charge a royalty fee of 5% of your store’s gross sales, not including sales tax. You’ll also pay .5% of your store’s gross sales to the Marketing Fund. This money is used to promote all stores within the Kid to Kid system and to create and administer marketing materials. Our affiliate BaseCamp will charge $250 per month for unlimited tech support and software upgrades related to IMAP, Q, and Baseline programs.
What can I expect to make?
Many of our franchise owners have achieved impressive success. According to our 2020 FDD item 19, our top quartile owners had average sales of $1,027,419 and a net income of $149,675*. Your results will depend on the economy, the labor market, and your ability to follow our system and manage your staff, among other factors.
*There is no guarantee that you will make as much.
Does Kid to Kid offer financing?
While Kid to Kid does not directly finance your store, we help you prepare a business plan so that you can obtain SBA guaranteed or other types of financing. We are registered with the Small Business Administration (SBA) and have relationships with several national lenders that understand our business and can fast track your loan.
Am I a good candidate for franchise ownership?
We are looking for people who share our passion and our values. Our goal is to identify franchise candidates who are natural leaders, self-motivated, and willing to work hard and succeed. They must be in a good financial position and ideally have another source of income to sustain them during the ramp-up phase of their business. We want people who care about their community and their shoppers. Experience in the children’s retail space is helpful but not required.
Which territories are currently available?
At this time, there are prime territories available in all 50 states, which is not the case with some of our competitors. Please call us to discuss available territories in your market.
What are the rights I receive when I purchase a Kid to Kid franchise?
When you purchase a Kid to Kid franchise, you are granted the exclusive right to operate a store in your designated territory for 10 years. You will have an option to renew for another five years after that.
How do I obtain my starting inventory?
After you have signed a franchise agreement, obtained financing, leased or purchased a building, and completed training, you will install the fixtures and open an empty store to begin acquiring inventory. We have developed a software program that shows you what to pay and how to accurately price the items people bring to your store to sell. It’s called the Inventory Management & Appraisal Program (IMAP) computer program. You will learn how to operate IMAP during your training. After buying and accumulating inventory for about 10 to 12 weeks, you will be ready to hold your grand opening. Usually hundreds of people show up for the event–many of them will be vendors who–when they were selling you inventory–saw other items they wanted to buy
Can franchise owners operate Kid to Kid part-time?
The first year or so of running your Kid to Kid franchise will be a full-time job. After this period, while we encourage you to remain actively involved in the operation of your store, you may hire a manager to handle the daily workload.
What training and support will I receive as a franchise owner?
We measure our success by the profitability, manageability, and growth of our franchisees. In order to be successful, you will need the proper tools and ongoing support from our talented team. We currently have one corporate support team member for every franchise owner– a ratio that might be the highest in the resale space. Prior to your 12 days of training at our headquarters in Salt Lake City, Utah, you will complete a series of online classes. And after your formal training, you will complete an internship. We’ll help you develop, and execute a business plan that deals with all aspects of your operation.
At the beginning of your franchise ownership process, you will receive training in:
- Creating a business and marketing plan
- Establishing and managing inventory
- Running daily operations
- Hiring and personnel training
- Customer service
- Relationships with vendors
- Finances and bookkeeping
After your initial training, we’ll support you with:
- Our Monthly Priorities publication
- Access to your business consultants’ call line on an unlimited basis
- Regional meetings / Monthly Support calls / Annual Conferences
- Technical support services
- Location visits
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.