Kid to Kid Franchise
Wednesday, May 12, 2010 at 09:00PM Children's resale store
Shauna Sloan dragged her husband Brent into an upscale children's resale store in 1992. As an attorney and shopping center executive, Brent was surprised by the second-hand store's chic clientele. Convinced that no operator had fully maximized the potential of the resale concept, the Sloans set out to create a children's resale format, traveling cross-country to visit stores and talk with customers, managers and owners.
Later that same year, the Sloans opened their first store in Sandy, Utah. They opened a second store within the year, with the first franchise location opening in 1994.
Start-up Costs & Franchises Fees
What is the total cost to open a Kid to Kid Franchises?
Total Cost: $141,761-$216,361
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 25% of franchise fee
Contact Information for Kid to Kid
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Kid to Kid |
Phone Number: (801)359-0071 |
Kid to Kid In the Press
No results at this time.Historical Expansion
In what year did Kid to Kid begin operations? 1992
When did Kid to Kid begin selling franchises? 1994
Year United States Canada International Corporate 2005 38 0 2 4 2004 34 0 2 4 2003 31 0 1 6 2002 29 0 0 4 2001 33 0 0 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No Yes 3rd Party Financing Available? Financing Source(s): SBA lenders
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
International franchise business owners required to buy multiple units/master licenses; 31% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 4
Absentee ownership of this franchise business is not available to new franchisees. (90% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Knowledge of children's products helpful, but not required
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes