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Style Encore

Style Encore: A Thriving Resale Franchise for Fashion […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 2013
Category Locations: Retail
Available Ownership Type: Owner Operator- Full Time Job, Executive- Hire a team to run one office.
Corporate HQ City: Minneapolis
Corporate HQ State: MN
Investment Range: $100,000+
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $25,000
Royalty Percentage: 5% gross sales%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Style Encore: A Thriving Resale Franchise for Fashion LoversStyle Encore is a popular franchise specializing in women's gently used clothing and accessories. It's part of the Winmark Corporation, a well-established franchisor with over 30 years of experience in the resale industry. Founded in 2013, Style Encore has quickly grown to over 50 locations across the United States and Canada, and is still expanding.What makes Style Encore unique? It caters to women aged 20 to 50 who are looking for trendy and stylish pieces at deeply discounted prices. The store offers a curated selection of gently used clothing, shoes, and accessories from popular brands like Gucci, Louis Vuitton, Old Navy, and White House Black Market. Customers can find amazing deals, often up to 90% off retail prices, while giving their own unwanted items a second life.Owning a Style Encore franchise can be a rewarding opportunity for entrepreneurs with a passion for fashion and retail. Winmark provides comprehensive training and support to its franchisees, including site selection, store build-out, inventory management, marketing, and operations. They also benefit from the strength of the Winmark brand and its proven track record of success.Here are some key points to consider about a Style Encore franchise:Investment: The total initial investment for a Style Encore franchise ranges from $230,700 to $389,400, including the franchise fee, inventory, and build-out costs.Target market: Women aged 20 to 50 who are interested in fashionable and affordable clothing and accessories.Franchise fees: $25,000Royalties: 6% of gross salesIf you're a fashion-forward entrepreneur who enjoys working with people and contributing to a sustainable business model, Style Encore might be the perfect franchise opportunity for you. With its strong brand recognition, proven business model, and growing customer base, Style Encore is poised for continued success in the years to come.

Support & Training offered by Style Encore

Style Encore provides a comprehensive support and training program for new franchise owners, designed to equip you with the knowledge and skills needed to open and operate a successful store. Here's an outline:Pre-Opening:Discovery Day: A full-day event at Winmark headquarters in Minneapolis to delve into the Style Encore brand, meet the team, and learn about the business model.Store Visits: Shadow experienced franchise owners in operating stores to gain firsthand insight into daily operations.Business Plan Development: Winmark guides you through creating a detailed three-year business plan to secure financing.Site Selection and Lease Negotiation Assistance: Experts help you find the ideal location and navigate lease agreements.Training:New Franchisee Orientation Training (NFOT): An intensive week-long session at Winmark's training center covering:Business Management: Marketing, financial controls, inventory management, customer service, human resources, and more.Operational Procedures: Buying and pricing merchandise, merchandising techniques, point-of-sale system training, security protocols, etc.Winmark Systems and Resources: Access to proprietary technology, vendor programs, and marketing materials.On-the-Job Training: A Winmark representative spends your first week in your store providing on-site guidance and support.Ongoing Support:Regional Field Consultants: Dedicated consultants offer regular visits, mentorship, and problem-solving assistance.Toll-Free Support Hotline: 24/7 access to Winmark's expert team for immediate support and answers.Franchisee Network: Connect and share best practices with other Style Encore franchise owners through online forums and conferences.Marketing and Advertising Programs: Leverage Winmark's national marketing campaigns and receive local marketing support.Operational Updates and Training: Continuous access to new resources, training programs, and updates on best practices.Additional Resources:Style Encore Online Portal: A comprehensive platform with operational manuals, marketing materials, training videos, and other resources.Winmark University: Online courses and modules on various business topics to enhance your knowledge and skills.**Overall, Style Encore's support and training program is designed to empower you with the tools and resources you need to thrive as a franchise owner. From pre-opening guidance to ongoing support, they're committed to your success.

Additional Information

Category Location Retail
Number of Units Open
Investment Range $250,000 - $350,000
Master Franchise false
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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