Franchimp Summary Rating
Higher than 79% of peers
Lower than 27% of peers
Franchise Summary
Description
The JUST BETWEEN FRIENDS FRANCHISE SYSTEM, INC. ("JUST BETWEEN FRIENDS" or "JBF"), an Oklahoma Corporation, offers you a franchise to engage in the business of selling maternity and children’s clothing and toys and other items on consignment using JBF’s unique business system, appearance and trademarks in a specified geographical territory.
Company Background
The JUST BETWEEN FRIENDS FRANCHISE SYSTEM, INC. (JUST BETWEEN FRIENDS or JBF), an Oklahoma Corporation, offers you a franchise to engage in the business of selling maternity and children's clothing and toys. Just Between Friends is the perfect opportunity for anyone who loves fashion, has a knack for organization and wants to run their own business! We offer everything you need to make your store successful: top-quality merchandise; full training; ongoing support; and more than 600 stores across North America that give you plenty of opportunities for success.
Franchise Opportunity
Times have changed and the way that we buy clothes and toys for our children has changed with it. Traditional consignment shops are no longer as convenient or popular as they once were. Buying clothes and toys for your children can be a daunting task. You want to find something that is affordable, stylish, and will last. It can be hard to know where to start, especially if you don't have a lot of time. Just Between Friends is the solution. We offer an easy-to-use consignment system that makes it simple to find what you're looking for. You can shop online or in person, and we always have new items in stock.
Corporate Structure
JUST BETWEEN FRIENDS FRANCHISE SYSTEM, Inc. is an Oklahoma Corporation that was formed on August 26, 2003 for the purpose of franchising JBF’s concept. JBF’s principal place of business is 325 North Butternut Place, Broken Arrow, OK 74012.
Royalties and Marketing Fees
Royalties : 3% of higher of gross sales or the minimum performance requirements
Royalties : 1% of the higher of gross sales or the minimum performance requirements, which may be increased up to 3%
Earnings Transparency
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. Child-Related Industry$245,154 / unit
Franchise Type: Standard
Average Revenue During 2021
Franchisee Attrition
This franchise's rate of attrition in 2022
of 7.84%
was
Much Higher
than the 3% in the Child-Related industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of Just Between Friends Franchisees
Just Between Friends Franchise System Development in 2022
FAQ
How much investment do I need to start my own Just Between Friends business?
Franchisees typically require at least $66 to $97 investment to get their Just Between Friends business started
What are the initial franchise fees for Just Between Friends?
Franchisees typically need to pay at least $30 in fees directly to Just Between Friends in order to earn the right to launch their business
How much money can I make with a Just Between Friends franchise? What are
the average revenues for a typical Just Between Friends business?
We estimate that the average revenue of an individual
Just Between Friends unit is approximately
$245,154. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Just Between Friends unit? What
is my contractual commitment?
Just Between Friends franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$66,665 to $97,515
which is
Much Lower
than the $0 to $0 average in the Child-Related 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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