The Closet Trading Company
Retail
AbsenteeSBA Approved
About The Closet Trading Company
['$20 billion industry that is expected to double to $41 billion by 2020', '65% of the industry demographics are made up by the two largest age group - Boomers and Millennials', 'With the growth of resale, buyers are prepared to invest in higher-end items with the resale value in mind.']
The Closet Trading Company is capitalizing on the very hot "recommerce" trend that is currently a $20-billion industry, and is expected to double in size by 2022. We are catering to a public that is developing a greater consciousness of "re-purposing", and a generation of Millenials who are erasing the social stigma previously associated with buying used merchandise Our business model creates a natural buying cycle that reduces the environmental impact of the retail clothing industry. This inspires a greater sense of responsibility in local communities and the impact we have on this planet. Buying clothes is not a luxury -- it is a basic human need. Consumers understand and appreciate excellent quality, but don't want to pay the associated higher prices. At The Closet Trading Co., they can have the best of both worlds! High-end designer fashions at a "worker's wage" price point! As we say at TCTC, "When the magic's gone, pass it on!"
Ideal Candidate
Customer service oriented, HR/Management experience is helpfulUpstanding community member that identifies with and embraces The Closet Trading Company’s cultureEarly adopter - no retail experience requiredExecutive mode or owner/operator options
Key Facts
- Founded
- 2003
- Franchising Since
- 2018
Awards & Recognition
- ★ (2023)
- ★ (2022)
- ★ (2021)
- ★ (2020)
- ★ (2019)
- ★ (2020)
Territory Overview
Available: Texas, North Carolina, Indiana, Florida, Colorado, Nevada, Montana, Georgia
Investment Snapshot
| Total Investment | $146K - $425K |
| Franchise Fee | $40K |
| Liquid Cash | $100K |
| Net Worth | $250K |
| Royalty Fee | 5% |
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