6/10

Franchimp Summary Rating

4 /10
Higher than 67% of peers

Franchise Summary

Description
The franchised business being offered is Style Encore, a retail store from which the franchisee will sell quality used women’s and men’s clothing and new and used accessories, emphasizing consumer value by offering quality brand name used merchandise at substantial savings and by purchasing customers’ used products.
Company Background
Style Encore is a women's clothing and accessories retail franchise company. The store will offer high-end, quality used and new apparel for all sizes: junior, petite, plus, and maternity. Each Style Encore store offers the following services: -Consignment - All brands of clothes are accepted on consignment with no fees to sell or buy -Customization - Clothes can be tailored at the store by professional seamstresses for an additional fee -Personal Shopping - Customers can schedule appointments with our Personal Shopping Concierge who will review their wardrobe needs and suggest items from the current inventory to purchase -Sewing Services - We offer alterations as well as custom pieces like skirts
Franchise Opportunity
Women's clothing is expensive, and it's hard to find great deals. We can help you save money on the clothes you love! Style Encore(R) offers a wide variety of women's apparel and accessories at affordable prices. Our stores are packed with name brand items that have been gently used or new with tags still attached. From designer jeans to high-end handbags, we carry an extensive inventory of women's clothing in all sizes and styles. You will never pay full retail price again when shopping at our store! Come visit us today at one of our many locations across the country!
Corporate Structure
The franchisor is Winmark Corporation, a Minnesota Corporation. It began offering Style Encore® franchises in April 2013. Its principal business address is 605 Highway 169 N, Suite 400, Minneapolis, Minnesota 55441. Winmark has no parent.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Clothing & Accessories Retail Industry

$863,594 / unit

Franchise Type: Standard

Average Revenue During 2022

Average Gross Profit Per Unit

Compared vs. Clothing & Accessories Retail Industry

$510,225 / unit

Franchise Type: Standard

Average Gross Profit During 2022

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Style Encore Franchisees

Style Encore Franchise System Development in 2025

FAQ

How much investment do I need to start my own Style Encore business?
Franchisees typically require at least $339,200 to $458,900 investment to get their Style Encore business started
What are the initial franchise fees for Style Encore?
Franchisees typically need to pay at least $48,200 in fees directly to Style Encore in order to earn the right to launch their business
How much money can I make with a Style Encore franchise? What are the average revenues for a typical Style Encore business?
We estimate that the average revenue of an individual Style Encore unit is approximately $863,594. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Style Encore unit? What is my contractual commitment?
Style Encore franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

4 /10
The Franchisor's investment costs ranges from $339,200 to $458,900 which is Much Higher than the $0 to $0 average in the Clothing & Accessories Retail industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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