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Business & Franchising

How to Prepare a Retail Store for the Holidays

Couple window shopping at a retail franchise store during the holidays

Holiday planning starts early for retail store franchisees. No matter what type of shop you own—a high-end resale clothing business or a shoe store—it’s essential to begin your retail store holiday preparations as early as possible. You can use the following guide to help make this holiday season a success.

Retail Store Holiday Preparations for Your Staff

You can expect to need additional staff members to handle the large influx of customers eager to purchase gifts. If you are a retail boutique franchise and this is your first holiday season, consult with corporate headquarters for guidance on how many new staff members you might need. As you put together job ads, be sure to indicate that the openings are for temporary, seasonal employment—unless you expect to need the extra help on an ongoing basis.

The holiday shopping season can be hectic in the retail business, so make sure your new staff members are fully trained in advance. While you’re at it, consider giving your current staff members some refresher training as needed.

Determine Your Holiday Hours

Among your retail store holiday preparations, consider expanding your store hours. If your store is part of a shopping center complex, these may be determined by the landlord. Otherwise, you can set your own extended hours. Give your staff plenty of advance notice about the extended hours so they can plan accordingly.

Update Your Store’s Image for the Season

If you’ll be reusing holiday decorations from last year, haul these out in advance and look them over to see whether anything needs to be repaired, replaced, or updated. Decide when to put them up– and schedule an extra staff member for that day to help. Don’t neglect your digital image, either. Your website should reflect gifts appropriate for the season, such as luxe faux fur coats, wool scarves and designer boots.

holiday materials for boutique franchise store

Plan Your Displays

Impulse buying is common during the holidays. Plan to have displays near the front of the store that showcases possibilities to your guests. As the holiday approaches, the lines at the cash registers will grow, so place some displays near that area, such as jewelry, gloves, hats, and more, to allow guests to make impulse purchases.

Plan Your Inventory

Shipping delays have become a headache for entrepreneurs everywhere, so plan accordingly. Review last year’s holiday shopping trends for your store and use those numbers to determine how much of which item you’ll need. Order your extra inventory as soon as possible.

Considering Becoming a Career Retailer Clothing Franchisee?

If you are– it’s time to connect with The Closet Trading Company. We offer an exceptional boutique clothing store opportunity for current and aspiring entrepreneurs interested in getting involved with an eco-conscious, fashion-forward brand. In addition, as a career retailer clothing franchisee, you will have the freedom and independence to make your own inventory and merchandising decisions for your boutique shop.

Although we offer considerable flexibility to our franchisees, we also provide extensive and ongoing training and support services to help make your retail boutique franchise a success! So, check out our investment costs today and then reach out for further information.

Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
October 30, 2021/by Johanna Zlenko
Business & Franchising

What are the Types of Franchise Ownership?

Woman deciding on a type of franchise ownership

You’ve worked in the retail industry and know it well. Starting your own store has long been a goal, but you didn’t know the best way to realize it. For many aspiring entrepreneurs, the answer is franchise ownership.

Types of franchise ownership vary, but you can pursue the one that best suits your needs– allowing you to be as hands-on or hands-off as you desire.

Single-Unit Franchises   

With a single-unit franchise, the individual purchases the store from the company and operates it according to its regulations. Retail boutique or clothing store franchise opportunities often fall into the single-unit category.

A retail boutique franchise is among the best choices for first-time business owners.  A luxury consignment store franchise is especially suitable, as the designer resale sector blends so well into the modern emphasis on sustainability and environmental awareness. Your business success also translates into playing a role in improving the planet.

Existing Franchise Purchase

You may decide to purchase an existing franchise. The pros and cons to this type of purchase usually depend on why it is for sale.

Some franchise owners want to retire or have personal reasons for selling. Others have not received the return they expected. Buying an existing successful franchise is usually a better choice than taking over one that has not done well. However, new management can make a huge difference in any commercial endeavor.   

Multi-Unit Franchises

Under a multi-unit franchise structure, more than one is owned and run by the franchisee. This is an option for the more experienced business owner. However, it’s not unusual for the successful single-unit owner to branch out and become a multi-unit franchisor.

When multiple stores are involved, owners must hire managers to oversee the different locations. Multi-unit franchisees don’t focus on just running their business. Instead, their primary task is growing that enterprise.   

Semi-Absentee or Absentee Ownership

Many investors do not want to run their franchises themselves. Instead, they opt for semi-absentee or absentee ownership, also known as the executive franchise model.

The franchisee/investor owns the business, but employees perform daily management and all other functions. If the business is successful, this type of franchisee receives a greater share of the profits. However, success means hiring the best people, so you know your investment is in capable hands.

Who is a Consignment Franchise Candidate?

A consignment store franchise candidate has prior retail business experience. They have the skill set necessary to become an entrepreneur.

Candidates are ambitious and willing to work hard to achieve their dreams. In addition, they possess a passion for upscale clothing and know how to market to and communicate with their clientele. With a TCTC brand boutique franchise, you know your customers and what they want in designer consignment brands. 

Contact Us

If you would like more information about investment opportunities in purchasing a boutique franchise, contact us and find out why a TCTC franchise’s proven business model makes sense.  When you become a TCTC franchisee, we help you every step of the way. After all, your success reflects on our company. Come grow with us.


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
October 18, 2021/by Johanna Zlenko
Business & Franchising

3 Reasons Why Buying a Franchise is Better than Building a Business from Scratch

Notebook writing the reasons to franchise a business

Building your own business from the ground up can be an incredibly rewarding experience, but it’s not easy. When you buy a franchise, you don’t need to navigate those stresses alone. Instead, you’ll be able to rely on a proven business model and enjoy ongoing support from an experienced team of franchisors, business experts, and marketing professionals.

Starting your own business is exciting, and franchising helps you maximize your opportunity for success. Here’s why starting a franchise is a better, simpler, and smarter option to bring your entrepreneurial dreams to life.

Proven Business Model and Brand Awareness

When you invest in a franchise, you’re investing in a proven system. In addition to brand guidelines, training programs, and an established business model, you’ll be able to enjoy franchising leadership and support. And with a proven system already in place, you can skip the trial-and-error process that most business owners face.

Plus, when you invest in an established franchise system, you’ll be able to hit the ground running with brand awareness. Most customers feel more comfortable purchasing from a brand they’re familiar with, and established brands already have that trust and credibility.

Ongoing Support and Guidance

With the right franchise opportunity, you’ll have the support of an experienced franchisor, and you’ll be able to take part in a growing system. Whether you have questions about marketing or merchandising, you’ll always be able to pick up the phone and ask for guidance.

When you join the TCTC family, you’ll join a fashion-forward, collaborative community of entrepreneurs where you’ll find inspiration, a reason to strive, and ongoing support. Our franchise team will go the extra mile to set you up with all the tools you need to succeed. We empower our boutique franchise candidates every step of the way—from financing assistance to providing versatile retail options.

Higher Likelihood of Success

Investing in a franchise is very different than starting your own business from scratch. Since you already have established systems in place, training and support, and brand awareness, you’ll be able to enjoy a higher likelihood of success. In most cases, if you invest in a proven franchise business opportunity and follow the system, you’ll be on the path toward a successful career in retail.

Our franchise clothing store opportunity is ideal for career retailers, sustainability-minded entrepreneurs, fashion merchandisers, and anyone looking for their next investment opportunity. If you’ve ever dreamed about opening your own business or you have a passion for fashion, we can help you build an upscale retail boutique franchise that matches your vision—even if you’re a first-time business owner.

Explore Retail Boutique Franchise Opportunities With TCTC

At TCTC, our franchisees are much more than just a number. We go above and beyond to take care of our team with ongoing support, continuous training, and marketing guidance. Plus, we’ll even provide initial inventory from our corporate backstock, so you’ll be prepared before you even open your clothing boutique franchise.

Interested in learning more about our unique franchise clothing store business opportunity? Check out our investment costs here.


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
October 10, 2021/by Johanna Zlenko
Business & Franchising

Franchise vs. Startup: How Do They Measure Up?

Woman measuring clothing length in a boutique franchise

Owning your own business is a dream that many aspire to. If you have an entrepreneurial mindset and a willingness to work hard for your success, you may already be thinking of the type of business you want to launch. One of the most important decisions you’ll make is whether a franchise or startup is best for you. There are many significant differences between owning a clothing boutique franchise vs. a startup. Consider the following factors as you make your decision.

Starting from Scratch vs. Following a Proven Business Model

Entrepreneurs who launch their startups are beginning from scratch. They have to do their own market research, write their own business plan, figure out their products, identify an ideal location for their premises, develop staff training procedures, and many other essential responsibilities. There is no guarantee that their efforts will pay off, and indeed, startups have a high rate of failure in their first five years. To be a successful entrepreneur, it’s necessary to learn quickly from your mistakes and identify workable solutions to the many challenges you’ll face.

Entrepreneurs who invest in a retail clothing franchise already have an edge because they’re buying into a proven business model with a track record of success. In addition, depending on the franchise, it may already have national appeal, and the brand may already be a household name. This means the entrepreneur doesn’t have to work on cultivating trust in their target market.

Startup Costs vs. Investment Fees

Launching a business is a considerable investment, whether you choose to launch a startup or invest in boutique franchise opportunities. As a franchise owner, you’ll have to pay the initial investment fees plus ongoing costs to corporate. But, of course, a startup is not without its initial investment and ongoing costs, as well. Different boutique franchise opportunities have different investment fees, and upfront costs vary considerably from one to the next, so you’ll have to do your homework.

Some boutique franchises may offer the opportunity to purchase additional franchises at a reduced fee—something to keep in mind if you think you might want to expand your operations later down the road.

Marketing a Franchise vs. Startup

Entrepreneurs who decide to invest in a boutique franchise benefit from established brand recognition. Consumers know and trust it, and there is already an established fan base of loyal customers. Furthermore, all franchise owners benefit from national ad campaigns implemented by corporate. Moreover, the individual franchise owner may decide to launch additional marketing initiatives within the established guidelines.

In contrast, startup entrepreneurs need to build their brand from the ground up. They don’t benefit from national ad campaigns run by headquarters.

Explore Boutique Franchise Opportunities in the Luxury Consignment Niche

If you’re ready to become a franchise owner, it’s time to get in touch with The Closet Trading Company (TCTC). Our franchise specializes in pre-loved women’s clothing, shoes, and accessories by designer and luxury brands. Since 2003, TCTC has empowered the entrepreneurial dreams of aspiring franchise owners, providing extensive support, training, and other tools for success. So if you think you have what it takes to be a retail clothing franchise candidate, you’re invited to contact us to learn about our process and the required investment.


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
October 3, 2021/by Johanna Zlenko
Business & Franchising

Is Boutique Franchising the Answer for Millennials and College Graduates?

boutique franchising college graduates and millennials

Finding a job straight out of school is becoming increasingly difficult, with many college graduates and millennials settling for low-pay, low-benefit jobs in the service industry. And with student loan repayments starting six months after graduation, having no viable income or future career prospects can feel defeating.

Although boutique franchising isn’t a guarantee of financial success, it offers a great opportunity to build a career. At The Closet Trading Company, we offer an eco-conscious, fashion-forward career path for millennials and college grads with the passion and entrepreneurial spirit to grow their own business.

Boutique Franchise Opportunities for Millennials and College Students

At The Closet Trading Company, we’re dedicated to empowering our designer consignment store owners with ongoing training and support. We go the extra mile to provide our franchisees with the tools they need to succeed, from marketing materials to an initial inventory from our corporate backstock.

With over 15 years in the luxury consignment industry, we’ve refined our business model to provide our franchisees with the greatest potential for success. We’re pioneers in the luxury consignment industry, making our boutique franchise opportunities truly unique.

Our low-cost franchise opportunity features a simple business model, small retail footprint, versatile retail options, and low overhead compared to traditional retail. Plus, with both retail and web sale opportunities, you’ll be able to start selling before your doors open.

Take Charge of Your Career

If you like to think outside the box, designer resale might be the perfect career for you. Our ideal consignment franchise candidate has a strong entrepreneurial spirit, a sales-oriented mindset, and the ability to foster deep connections with customers. When you join the TCTC family, you’ll be able to grow your franchise through hands-on business activities, connecting with your community, and embracing and contributing to the TCTC brand.

As an independent business owner, you can grow a designer boutique franchise to meet your personal and financial goals. This way, you won’t have to worry about earning ceilings or switching jobs every few months for better pay.

We know that traditional service careers can feel restrictive. Even in management, you have little freedom to make your own decisions, run your store, and inspire your employees. But when you open your own designer resale franchise, you’ll be able to make a real impact on your business each day.

Flexible Boutique Franchising Options

If you’re straight out of college or you’ve been working low-wage jobs for the last few years, financing your own business might seem out of the question. As one of the most affordable franchising opportunities in the industry, TCTC features a recession-resistant business model at the leading edge of the circular economy.

We offer multiple boutique franchise financing options for your small business with the help of experienced financial consultations at FranFund®. Above all else, we understand the uncertainty that comes with investing, and we offer easy financing options to help you feel more confident in your investment.

Explore Clothing Boutique Franchise Opportunities With TCTC

At TCTC, our clothing boutique franchise opportunities offer a viable pathway toward financial independence and entrepreneurship—even for millennials without college degrees.

Ready to ignite your passion with a fulfilling, rewarding career? Contact us today to get started.


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
September 7, 2021/by Johanna Zlenko
Business & Franchising

What Makes a Successful Boutique Franchise Shop Owner?

boutique franchise owner in her store

Everyone loves sustainable, affordable clothing—which is why designer resale can be such a lucrative business. When you take the next step in your career and open a boutique franchise, you’ll join the multibillion-dollar designer resale movement with a collaborative, fashion-forward community of staff and clients.

Opening a boutique franchise requires a passion for fashion and an eye for the latest trends and styles—but you’ll need much more than that to build a successful business. If you’re thinking about investing in your career, here’s what you’ll need to grow a thriving clothing boutique franchise.

Attention to Detail

From marketing to merchandising, attention to detail is key. Remember: if you watch your pennies, the dollars will take care of themselves. Attention to detail not only helps you minimize costs and maximize sales, but it’ll also help you create a one-of-a-kind shopping experience for your clients. For example, when it comes to reselling clothes, a franchise like The Closet Trading Company offers comprehensive data on exactly which styles, brands, and categories will sell best in your store, and a pricing tool so that you can get the highest return on every item. Using these tools will help you to offer exactly the range of inventory that will allow you to cater to multiple generations, tastes, and budgets.

In other words, to grow a successful luxury consignment boutique, you’ll need to customize your inventory, implement sales strategies and marketing campaigns while maintaining brand standards.

Flexibility

When you open your designer boutique, you’ll take charge of your career each day as you apply your experience to grow your business. To succeed in the designer resale industry, you’ll need to have continuous training on brand knowledge and trends, which is why it’s helpful to be part of a franchise network that can share resources.

An ideal consignment franchise candidate not only knows how to sell new products and effectively manage staff members but can also swiftly adapt to an ever-changing work environment. A day on the sales floor might involve styling new pieces, dressing new clients, acquiring new inventory, and effectively displaying merchandise to maximize your sales.

Enthusiasm

The success of any franchise is linked to the level of enthusiasm its owners bring to the job. Enthusiasm and passion convey a level of energy to your business that everyone can feel—including your staff and clients.

When running your luxury consignment boutique, embrace your brand by treating your staff with respect and developing deep connections with your clients. Let customers know that you’re happy they chose your business—and don’t hesitate to go the extra mile to provide personalized style advice.

In turn, by offering unrivaled customer service and building a good rapport, you’ll earn loyalty and become an essential component of your clients’ shopping experience.

Bring Your Entrepreneurial Dreams to Life with TCTC

Growing any business requires attention to detail, flexibility, and enthusiasm. At The Closet Trading Company, our innovative approach to designer resale focuses on premium and designer labels, making high-end fashion accessible to everyone.

Whether you’ve spent the last few years in marketing or you’re an aspiring fashion designer, investing in a boutique franchise provides a unique opportunity to build a business you can take pride in.

Think TCTC might be the right franchise for you? Reach out to our franchise development team today to learn more about our clothing franchise opportunities.


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
August 12, 2021/by Johanna Zlenko
Business & Franchising

How To Open a Franchise Clothing Store

Opening a Boutique Franchise

According to the National Association of Resale and Thrift Shops, the resale and consignment industry in the United States generated approximately $17.5 billion in revenue in 2018. Over the last few years and throughout the pandemic, circular economy retailers and upscale clothing stores have continued to experience dramatic industry growth. As a result, the secondhand luxury apparel industry is expected to reach $51 billion by 2023. Opening a designer consignment store is the perfect way to take advantage of this growing market and transform your love for fashion into a lucrative business opportunity. Whether you have a flair for design or a passion for selling, a franchise clothing store offers the ideal opportunity to take the next step in your career.

How To Start a Designer Resale Shop

When it comes to opening your designer consignment store, choosing the right franchisor is key. When you invest in a reputable company, you’ll have all the tools you need to build a successful business from the ground up.

At The Closet Trading Company, we focus on selling pre-loved designer clothing, shoes, and accessories for women. Our commitment to sustainability and accessible prices makes us an essential component of our clients’ shopping experience, allowing us to build client loyalty while catering to a new generation of eco-conscious, fashion-forward consumers.

Our franchise has little overhead costs when compared to traditional retail. We also offer online and web resale opportunities along with a simple business model– setting the gold standard in boutique franchising opportunities. So, if you’re dreaming about owning your own business and bringing your passion to life, then investing in TCTC might be the right franchise for you.

What Do You Need to Open Your Own Designer Consignment Store?

You’ll need to have the right tools in place to have a profitable consignment store. From financing your clothing franchise to hiring new staff, opening your own designer consignment store requires hard work and ambition.

Although building your business can seem intimidating, you don’t have to do it alone. We work hard to support our franchisees and share our years of franchising and sales experience, providing you with proven methods for buying, selling, and marketing.

When you join the TCTC family, we’ll go the extra mile to help you succeed with a wide variety of resources, including:

  • Exclusive luxury brand standards
  • Proprietary pricing databases
  • Initial inventory from our corporate backstock
  • State-of-the-art fraud detection technology
  • Comprehensive training, ongoing support, and marketing materials

Bring Your Entrepreneurial Dreams to Life With TCTC

At TCTC, our ideal franchise candidates are ambitious and motivated, with an affinity for hard work and an unmatched ability to develop deep connections with clients and employees. In addition, they are expected to have a net worth of at least $250,000 or more, with at least $100,000 in liquid assets.

There’s never been a better time to take the next step in your career and open a designer consignment store. Reach out to our franchise development team here to learn more!


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
June 24, 2021/by Johanna Zlenko
Business & Franchising

Where Do Clothing Boutiques Get Their Inventory?

Women's Tops Clothing Boutique Inventory

Opening a designer clothing boutique and buying inventory can be a fun and rewarding experience, especially if you have an eye for the latest trends and styles. At The Closet Trading Company, we specialize in pre-loved contemporary clothing, shoes, and accessories from designer and premium labels– making the best styles more accessible to our clients.

Our focus is current, on-trend styles that fit seamlessly into our clients’ wardrobes. Although finding the perfect pieces requires some research and experience, we’re here to help you build a successful business every step of the way—from supplying initial inventory to providing multiple streams of revenue.

Obtaining an opening inventory

Our fresh-off-the-runway inventory, relaxed atmosphere, personalized style advice, accessible luxury brands, and sustainable business model– bring our clients to our TCTC stores.

When you join the TCTC family, we’ll provide the starting inventory from our corporate backstock to ensure a successful, well-stocked opening day. Then, instead of having to pay for this inventory up-front, our franchisees only have to pay for the inventory that sells, after it sells. This leaves more cash on hand for marketing and other revenue-generating activities.

Plus, with online inventory and web sale opportunities, our franchise owners can optimize sales and build customer loyalty while reaching new clients. Our unique online boutique franchise opportunities and innovative eCommerce platform provide our fashion-forward entrepreneurs with the tools they need to start selling—even before you open your doors.

Sourcing Resale Clothing Boutique Inventory

Unlike other clothing boutiques, The Closet Trading Company sources most of its inventory from the public, not wholesalers. We empower our franchisees with our proprietary pricing database, exclusive luxury brand standards, and ongoing training to help them choose the best pieces for their store.

When clients drop clothes off at one of our luxury consignment boutiques, an experienced buyer will sort through the client’s items to assess their value and condition and ultimately decide if they meet our standards. If we decide to purchase the item, we offer three payment options:

  • Cash: We offer 30% of the selling price in cash upfront
  • Trade: We offer 50% of the selling price in store credit upfront
  • Consignment: We pay 40–80% to the client after the item sells

Our franchise owners use Entrupy, a cutting-edge device that uses machine learning and artificial intelligence, to verify the authenticity of designer-brand items.

With the freedom to run the sales floor and display, market, and curate inventory, our franchisees can further optimize sales by taking advantage of new arrivals each day.

Turn Your Passion for Fashion into a Luxury Consignment Boutique

With retail and web sale opportunities, a simple business model, and comprehensive training, The Closet Trading Company is setting the gold standard in the designer resale industry.

Whether you have a passion for fashion or you’re an experienced business owner, opening your own TCTC luxury consignment boutique provides the independence to curate your own inventory and channel your passion into a fulfilling career.

Think TCTC might be right for you? Learn more about our franchise opportunities here. We look forward to hearing from you!


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

APPLY NOW
June 16, 2021/by Johanna Zlenko
Business & Franchising, Press

Podcast Episode 1403: Executing on your ideas & Dreams

young woman wearing headphones

Johanna Zlenko is the founder of The Closet Trading Co., an upscale consignment boutique. Johanna founded this brand while she was a freshman at the University of California Santa Barbara, grew the brand to 4 successful locations, and is now looking to expand nationally.

For more on the beginnings of The Closet Trading Company, read Our Story.

To listen to this episode click here


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

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December 20, 2019/by Johanna Zlenko
Business & Franchising, Press

TCTC is coming to Fort Worth

Fort Worth skyline

People turn to consignment stores to find a great bargain, but not necessarily designer clothing. At the Closet Trading Company, you could find both.

The luxury consignment store based out of Santa Barbara, California is opening a handful of franchise locations in Dallas-Fort Worth next year. The locations in Fort Worth will include stores at Trinity Commons, University Park Village and the Shops at Clearfork. Closet Trading Company is also looking at opening a store in Southlake, in the Central Market plaza.

Closet Trading Company deals in luxury items. This includes clothes and accessories with designer labels like Louis Vuitton, Chanel and others. The company says its mission is to make luxury fashion accessible to everyone. While a classic Hermes silk scarf can run for up to $1,000, you could find that same scarf at a Closet Trading Co. store for 70% off the retail price. The Closet Trading Company has many reasons why they desire boutique franchise stores.

To read the full article click here


Interested in Franchising?

Owning your own upscale boutique is a fun and rewarding experience, TCTC franchise can get you there.

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December 20, 2019/by Johanna Zlenko
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