Many investors open a franchise to generate additional income, but don’t have time for day-to-day management due to family, school, or career commitments. Other investors may have sporadic time to devote on the weekends or days where they’re not working another job. The Closet Trading Co (TCTC) offers a suitable franchise business model for part-time owners with a full-time passion for fashion.
What is a Full-Time Franchise Owner/Operator?
Franchising in a traditional sense involves an owner/operator. This individual is involved in every aspect of daily operations. While it provides the most control and direct engagement, it’s not for everyone. There is little room to diversify and pursue other investments if all your time is spent in one enterprise.
What is an Owner/Operator Franchise?
Any business can be an owner/operator franchise, but specific industries– such as legal, medical, or aerospace– outright require owner-operators with specialized degrees and licenses at the helm.
What is a Semi-Absentee Franchise Owner?
Semi-absentee franchise owners check in with the business and help when necessary, but the franchises are designed to be primarily manager-run. A semi-absentee franchise owner working in women’s clothing consignment might put in five to 20 hours per week performing duties like selecting inventory, establishing local ties, implementing marketing plans, or seeking growth opportunities. The goal for many semi-absentee owners is to use profits to diversify or invest in more ventures to earn enough passive income to stop working.
A franchise semi-absentee owner may also be a top executive looking to make strategic investments that increase wealth. This individual outsources most operations and exercises less direct control over the business.
What is a Semi-Absentee Franchise?
Most retail, food service, child care, beauty, fitness, or service-based sectors allow semi-absentee franchises. Some of these businesses include fitness centers, ice cream stands, tanning salons, and car washes. Semi-absentee boutique franchise opportunities have become increasingly popular i recent years.
Would I Make a Good Semi-Absentee Franchise Owner?
If you answer “YES” to any of the following questions, you might be an ideal semi-absentee franchise owner:
- Are you seeking supplemental income?
- Do you come from a background in retail or management?
- Are you a good judge of character to hire capable managers and employees?
- Would you consider yourself an ambitious person, ready to make entrepreneurism a reality?
- Do you have a net worth of $250,000+, with at least $100,000 in liquid assets?
If you have an interest in fashion, sustainable business, or adding an income stream to your bottom line, you might make a great consignment boutique franchise candidate.
Is It Hard to Become a Semi-Absentee Business Owner?
Once you’ve researched opportunities to discover a business niche that is profitable and appeals to you:
- Inquire with the franchise to network with onboarding staff and other franchisees in the system.
- Pay your franchise fee to begin receiving valuable corporate support.
- Attend training session at headquarters to understand how to establish operations.
- Protect your investment by regularly reviewing volume, spending, and financials.
- Visit the store regularly to ensure that all employees are performing their duties.
- If all is going well for a period of time, consider securing additional franchises to increase profits.
Semi-Absentee Franchise Opportunities with The Closet Trading Co
Are you ready for the freedom and success of running a semi-absentee franchise?
The Closet Trading Co presents semi-absentee franchise opportunities in markets across the United States. As a resale clothing franchise owner, you’ll receive all the training, opening inventory, and proprietary pricing information you need to be successful.
The resale segment has grown 21x faster than the traditional retail apparel market over the last 5 years, and it’s expected to be worth $44 billion by 2029, outpacing both fast fashion and thrift markets.
Are You Ready to Take the Next Step?
If you’re interested in taking the next step, please fill out a form to Request Franchise Info, and someone from the Franchise Development team will contact you shortly.