🍟11/14/2024 – Fashion Forward, Budget Friendly

FRANCHISE OF THE WEEK

Style Encore

Fast Facts

Background

  • HQ: Minneapolis, MN
  • Founded in 2013, franchising since 2013
  • Style Encore is a franchise that specializes in women’s clothing and accessories resale stores.

Franchise Fees

Financial Overview

  • The below table discloses information on ​​65 franchised Style Encore® Stores that were open and operating for the full fiscal year ended December 31, 2022.

The Wolf’s Take 🍟

Style Encore focuses on women’s fashion and accessories, offering a chic alternative to fast fashion with a more sustainable twist. Think gently used, stylish finds that don’t break the bank. 

The franchise fee is $25K, with a 5% royalty and a $1,500/year brand fund fee. For anyone looking to get into retail with lower overhead and a solid profit potential, this model is pretty attractive. 

With a growing focus on resale and secondhand fashion, the potential here is huge. Style Encore taps into that demand, attracting budget-conscious yet fashion-forward consumers who love a good deal. 

For franchisees, this means capitalizing on a booming trend with support from a brand that knows its niche well. If you’re passionate about fashion and sustainability, this might just be a good fit.

Resources

SMB TWEET OF THE WEEK

Starting at Square One – Marie Forleo

Marie Forleo’s tweet today took me back to a simpler time when tweets were more concise, with quick hits of value.

Perfection paralysis is undoubtedly a common feeling among beginners in this space, but most of the progress is in feeling the fear and taking action anyway.

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