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Description

How to Open a Kid to Kid Franchise?

To become a Kid to Kid franchisee, you will start by submitting a franchise application. Following approval, you will receive comprehensive training at the corporate headquarters in North Salt Lake, Utah, and at local stores. The training covers all aspects of store operations, including inventory management and customer relations. After training, you will work on securing your store location, which should be within a specified distance from other Kid to Kid stores, and then proceed to launch your business.

What Are the Financial Considerations for a Kid to Kid Franchise?

Initial investment details for a Kid to Kid franchise include a franchise fee of $25,000, real estate deposits ranging from $5,625 to $22,500, and real estate improvements that can cost between $35,000 and $160,000. Additionally, you will need to budget for various equipment and signage, which can total around $100,000. Ongoing expenses include a 5% royalty fee on gross sales and a marketing fund contribution of 0.5% of gross sales. It's essential to prepare for both the upfront costs and the operational fees to ensure your financial readiness.

Why Choose to Start a Kid to Kid Franchise?

Kid to Kid stands out in the market by offering a unique retail concept focused on buying and selling gently used and new children's products and maternity items. This franchise appeals to environmentally conscious consumers and families looking for affordable options. As a franchisee, you benefit from an established brand, a structured support system, and a proven business model, which can be advantageous for first-time entrepreneurs looking to enter the retail space.

Is Owning a Kid to Kid Franchise Right for You?

Owning a Kid to Kid franchise could be a rewarding venture if you are passionate about children's products and community engagement. The franchise system emphasizes training and support, which is beneficial for those without prior retail experience. However, you must be prepared for the competitive nature of the retail market and ensure that you meet the operational requirements, including maintaining a minimum inventory level and adhering to corporate standards. Careful consideration of your market and readiness to invest time and resources are crucial for success.

Kid to Kid Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Retail Franchises
A more specific division within the broader industry.

Category

Clothing Stores
Available financing options to help start the franchise.

Funding Year

1995
The main organization that owns the franchise brand.

Parent Company

Kid to Kid Franchise System, Inc.
The key individuals guiding the franchise’s strategy and growth.

Leadership

Zach Gordon
The official business address of the franchisor’s headquarters.

Corporate Address

39 E. Eagle Ridge Drive, #100, North Salt Lake, Utah 84054
The total amount required to launch the franchise.

Initial Investment

$348,559 - $579,134
The initial fee paid to join the franchise system.

Franchise Fee

$25,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

5.0%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

0.50%
The minimum liquid capital you must have on hand.

Cash Required

$348,559 - $579,134
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$150,000 - $300,000
The typical yearly revenue generated per franchise location.

Average Revenue

$161,063
The middle value of yearly revenue among franchise locations.

Median Revenue

$492,000
The smallest reported annual revenue among franchisees.

Lowest Revenue

$97,000
The largest reported annual revenue among franchisees.

Highest Revenue

$1,776,144
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

24 Months

Kid to Kid Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

115
The number of locations owned by independent franchisees.

Franchised Units

102
The number of locations owned and run by the franchisor.

Corporate Units

13
Units 2021 2022 2023
Total Units 109 111 115
Net Change YoY 2 4
Franchised Units 97 100 102
Net Change YoY 3 2
Corporate Units 12 11 13
Net Change YoY -1 2

Company Background

Kid to Kid is a retail franchise that focuses on buying and selling gently used children's clothing, toys, and equipment. Founded in 1992, the brand has grown to over 100 locations across the United States and internationally. Kid to Kid emphasizes sustainability and affordability, providing families with an eco-friendly shopping option while helping them save money on high-quality children’s items. Each store is locally owned and operated, creating a community-oriented atmosphere that supports parents in their quest for budget-friendly solutions for their growing kids.

Franchise Opportunity

Investing in a Kid to Kid franchise offers aspiring entrepreneurs a chance to join a well-established brand with a proven business model. The franchise provides comprehensive training and ongoing support to help new owners thrive in the competitive retail market. With the increasing demand for eco-conscious shopping and the growing children's resale market, Kid to Kid presents a unique opportunity for franchisees to capitalize on a niche that resonates with today’s families, ensuring a potentially lucrative investment.

Corporate Structure

Kid to Kid operates under the corporate structure of Kid to Kid, LLC, which was established to oversee franchise operations and support. The company is headquartered in Salt Lake City, Utah, and provides franchisees with access to proprietary systems, marketing strategies, and operational guidance. This centralized structure facilitates communication and consistency across all franchise locations, ensuring that each store aligns with the brand's mission and values.

Royalties

Franchisees are required to pay a royalty fee of 5% of gross sales, which contributes to ongoing support and brand development. Additionally, there is a marketing fee of 2% of gross sales that funds national advertising campaigns and local marketing initiatives. This investment in royalties and marketing helps strengthen the Kid to Kid brand and drives traffic to individual franchise locations, ultimately benefiting the franchisees.

Company Mission

Kid to Kid’s mission is to promote sustainable living by providing families with a smart and affordable way to shop for children’s products. The franchise is dedicated to offering high-quality, gently used items that families can trust, while also creating a positive impact on the environment. By encouraging recycling and reusing, Kid to Kid aims to foster a community where parents can make responsible choices that benefit both their wallets and the planet.

Brand Story

Kid to Kid was founded by a mother who recognized the need for a cost-effective solution for families struggling with the expenses of raising children. With a vision to create a marketplace where parents could buy and sell gently used items, the first store opened in 1992. Over the years, the brand has become synonymous with quality and sustainability, expanding its reach and solidifying its reputation within the children’s resale industry. Today, Kid to Kid stands as a trusted name for families seeking to shop smart while making eco-friendly choices.

Frequently Asked Questions

The estimated initial investment to open a Kid to Kid franchise ranges from $86,000 to $209,000. This includes the franchise fee, real estate expenses, store improvements, and necessary equipment.