Rank no.450 – Kid to Kid – US
Products & Services: New and used children’s and maternity clothing and products
Number of Locations: 101
Total Investment: $243.13K – 352.63K
Began Franchising: 1994
About Kid to Kid
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.
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $243,128 – $352,628
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $70,000
Liquid Cash Available: $70,000
31% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 4. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Training: Available at headquarters: 11 days. At franchisee’s location: 3 days. At existing location : 5 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Customized marketing materials
Franchise Ranking History
Franchise 500®: #450 (2013), #279 (2012), #289 (2011), #352 (2010), #433 (2009),
Why own a Kid to Kid Store?
From its proprietary software to its branding and support, the Kid to Kid franchise model provides tools to succeed even in a tough economy. Owning a Kid to Kid store not only gives you the opportunity to secure your financial future, it allows you to contribute to your community by helping families save more and waste less.
THERE HAS NEVER BEEN A BETTER TIME.
Kid to Kid has been growing for 20 years into the force that it is today, bringing an unparalleled kids’ resale shopping experience to families all over the US and in Portugal. Franchisees are seeing that the concept is not only recession-proof, but it is recession-thriving because it helps families stay within their budget. By providing a mall-like shopping experience that appeals to the everyday family, our audience is growing far beyond the typical resale shopper segment. We are experiencing all-time highs in sales and profitability, with continued growth each year. It’s an exciting time to be part of the Kid to Kid family.