Just Between Friends is a resale event franchise where families can shop for children's and maternity items at discounted prices. The franchise hosts events where consignors can sell outgrown items, while shoppers save on quality goods.
Key Insights
- Just Between Friends began as a local event created by a mother seeking affordable children's items, growing organically into a national network of sales driven by community participation and a commitment to value.
- The franchise operates by connecting families to buy and sell gently used children's and maternity items through large-scale, organized sales events held multiple times a year in local communities.
- The business participates in the resale market, a sector focused on pre-owned goods, addressing consumer demand for cost-effective and sustainable shopping options for families.
Franchise Fee and Costs to Open
Exploring the financial picture of Just Between Friends gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $66,665 - $97,515, along with a franchise fee of $24,900 - $24,900.
Financial Performance and Revenue
Yearly gross sales of $239,983 and estimated earnings of $28,798 - $35,998 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 3.0-5.0 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Just Between Friends provides new franchisees with comprehensive training. This initial program, spanning several days, takes place at their corporate headquarters. The franchisor offers a robust operational manual and access to ongoing support resources. Just Between Friends also provides marketing materials and a proven business model. They recommend leveraging these tools for successful launch and operation.
Legal Considerations
Legal considerations for a Just Between Friends franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may navigate a dynamic local market, requiring adaptive strategies to stand out. Managing the influx and outflow of diverse inventory presents operational considerations, as does building and maintaining relationships with consignors and shoppers. The reliance on community participation for both supply and demand necessitates consistent engagement and effective marketing to foster a vibrant marketplace.
Franchise Datasheet
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