REDUCED! Turn-Key Women's Resale Apparel and Accessories Franchise

Allen, TX (Collin County)

Nearly New, Clean and Organized!  Ready for New Owner to Step In!

Asking Price:$144,000

Cash Flow:N/A

Gross Revenue:$360,000

EBITDA:N/A

FF&E:N/A

Inventory:$60,000

Lease Rate/Sq. Ft.:N/A

Established:2015

REDUCED! Turn-Key Women's Resale Apparel and Accessories Franchise

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Business Description

Style Encore is a "boutique like" apparel and accessory store designed by women, for women. This location entered the Allen market about 12 months ago and has seen steady growth since grand opening. This business is nearly new

Style Encore offers a truly unique retail franchise opportunity, as it is the newest brand to the Winmark family. Winmark is the top re-sale franchisor in the country, with a proven track record – nearly 1,200 successful small businesses operating in North America. Style Encore joins the current industry top brands such as Plato’s Closet, Once Upon A Child, Play It Again Sports and Music Go Round.

Style Encore rounds out the rest of the Winmark family by specializing in buying and selling gently-used casual and business apparel and accessories for women. Women like to have trendy, fashionable pieces in their closet for every occasion. Style Encore gives them the resource to sell items that they no longer wear, get paid cash on spot, and purchase new items at a tremendous value – at up to 50-70% off regular retail! This great value to the customer also results in an excellent financial model for the franchisee.

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Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,208
Lease Expiration:
5/27/2022
Employees:
7 PT
Facilities:
Style Encore is located in a premium shopping and lifestyle center. The parking is plentiful and the center draws consumers with anchors such as Target and TJ Maxx. The center is also home to the Allen Convention Center which hosts numerous concerts, events as well as the local minor league hockey team and soccer games. The space is only 1 year old and has 3,208 square feet which is plenty of room.
Competition:
There is competition in the market however Style Encore is franchised by Winmark Corporation, the leader in the resale industry. They are financially strong and very supportive of all franchise operations. Competition in any business is healthy and the customer experience provided at Style Encore beats our competition hands down!
Growth & Expansion:
From a marketing standpoint the name recognition for this location has taken off faster than any other resale store in the area. This location has surpassed almost all competitors with a very strong social media following. The customer experience is so important to the growth of the store - particularly one this new. The most successful Style Encore locations flourish with consistent hands on ownership and full-time involvement with both the customers and the staff. There are always training and teaching moments with staff so an owner should plan on being actively involved in the business. With continued leadership and marketing efforts, the stores sales will continue to grow!
Support & Training:
Training provided and required by franchisor upon transfer. On-going support in advertising, merchandising, financial and inventory management, social media training and more provided by franchisor through field visits, regional meetings and national franchisee conferences.
Reason for Selling:
Family Obligations
Franchise:
This business is an established franchise
Business Website:
http://www.style-encoreallen.com

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Pete First

Business Listed By:
Pete First

Winmark Corporation

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