Cost of Opening Your Own Style Encore® Franchise
Every successful small business starts with the right amount of capital to get it going. We qualify our U.S. franchise candidates on an approximate investment of $275,000 to $350,000. However, this investment will vary depending on the market and other factors. Either individually or with a financial partner, our minimum net worth and liquid asset requirements are as follows:
- $75,000 to $105,000 – Cash or liquid assets*
- $400,000 – Net Worth
*Liquid asset examples include cash, non-retirement stocks, and bonds, etc.
Verification of financial data such as cash available will be required as you move forward in our franchise process. Funds quoted above are in U.S. dollars.
Style Encore Sales, Gross Margins, and Customer Information
Looking for a quick overview of our Style Encore franchise locations? Below, see some quick facts about our retail stores, our demographics, and other key information about this exciting resale brand.
Sales and gross margins:
- Top Quartile Average Gross Sales: $880,810 (2020)*
- Top Quartile Average Gross Profit: $503,936 (2020)*
*The Average Store numbers are the 2020 Average Gross Sales and Average Gross Profit amounts stated in Item 19 of the 2021 Style Encore® Franchise Disclosure Document (as reported by the 64 stores that had been in operation at least one year as of December 26, 2020). Of the 64 reporting stores, 28 or 44% of the stores attained or exceeded the Average Gross Sales and 29 or 45% of the stores attained or exceeded the Average Gross Profit. The Top Quartile Average Gross Sales and Average Gross Profit only relates to 16 of the reporting Style Encore® Stores who ranked in the top 25% of the gross sales range. Of the 16 reporting stores in the top quartile, 6 or 38% of the stores attained or exceeded the top quartile Average Gross Sales and 5 or 31% of the stores attained or exceed the top quartile Average Gross Profit. A new franchisee’s results will likely differ from these results.
- Power strip centers or suburban centers around regional shopping malls with co-tenants appealing to women
- 3,000 – 4,000 square feet
- Women’s sizes 0 – 6X
- Clothing, shoes, handbags and accessories
- Women starting in their late 20s and up
- Middle to upper-middle income households
Ready to start the qualification process? We're ready to hear from you. Submit our qualification form to our team today.