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Closet Stores - Apparel and Accessory Franchise Opportunity

7.1 / 10  ·  Established in 2019, 2 Franchisees currently, Headquartered in Karachi


All Formats

Format Investment including Brand Fee Brand Fee Space Staff Exp. Monthly Sales Profit Margin Royalty
FOFO USD 30 - 55 thousand USD 2.5 thousand 1,000 - 3,000 Sq Ft 10 USD 20 thousand 20% We will charge a royalty of 10% of the total sales.
Format Name FOFO
Investment USD 30 - 55 thousand
Brand Fee USD 2.5 thousand
Space 1,000 - 3,000 Sq Ft
Staff 10
Expected Monthly Sales USD 20 thousand
Profit Margin 20%
Royalty / Commission We will charge a royalty of 10% of the total sales.

Documents

About Closet Stores

Closet is a unique dress rental platform, focusing on dresses for brides, formal events, and special occasions.

What sets us apart is our innovative business model that allows individuals to earn by renting out their own dresses. This not only reduces our initial investment in stock but also significantly boosts our gross margin to an impressive 60%. By empowering individuals to share their dresses, we've created a win-win situation, making Closet a cost-effective and lucrative venture. This distinctive approach not only enriches our inventory but also enhances our financial performance, making Closet an appealing investment opportunity for those seeking a smart and profitable entry into the dress rental market.

Receiving 1000+ per month.

We have 2 stores currently in Karachi and Lahore and selling to 20 cities, generating a good amount of sales and we expect the same from our franchise partner.

Products and Services

1. Bride and groom Dresses.

2. Formal Dresses.

3. Semi-Formal Dresses.

4. Men's Collection.

5. Jewelry.

Preferred Locations

India, Turkey, Indonesia, United States, Bangladesh, Dubai, Sri Lanka.

How to get Closet Stores Franchise?

To obtain a Closet franchise, follow these simple steps:

1. Express Interest: Reach out through our official email address.

2. Evaluation and Discussion: Engage in discussions with our franchise team to assess suitability, terms, and conditions.

3. Application and Approval: Complete and submit the franchise application. Our team will review and approve your application.

4. Training and Setup: Undergo training to understand the business model. Work with our support team to set up your franchise location.

Connect with us through SMERGERS for further details.

What are some of the things we look for in a Franchisee?

We want everyone on board to share our vision: making fashion sustainable and convenient for all, and growing Closet into the world's largest fashion rental marketplace. Key to this journey is making customers happy, sticking to our brand values, and working together for everyone's success. Let's make sustainable fashion accessible and stylish for everyone!

Support you can expect from the company

Closet franchisees can expect comprehensive support from us, including:

1. Training: Thorough training programs to ensure a deep understanding of our business model and operational processes.

2. Marketing Assistance: Support in developing and executing marketing strategies to promote the franchise and attract customers.

3. Operational Guidance: Ongoing assistance and guidance in day-to-day operations, ensuring smooth and efficient management.

4. Supply Chain Management: Assistance in managing inventory and ensuring a consistent supply of dresses and accessories.

5. Technological Support: Access to our customized built-in technology, specifically designed for our business model, giving franchisees a competitive edge. This technology is integral to our operations, enhancing efficiency and customer experience.

6. Continuous Innovation: Regular updates on industry trends and new offerings to keep the franchise at the forefront of the market.

Our commitment is to provide a robust support system that empowers franchisees to succeed in their business ventures with Closet.

Recent Activity

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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    Frequently
    Asked
    Questions

    • When was Closet Stores established?
      Closet Stores was established in 2019 in Karachi and is reported to have 2 Franchisees currently
    • What is the investment required to take up Closet Stores Franchisee?
      Investment required ranges from USD 30 thousand - 55 thousand depending on the format offered.
    • What is the space requirement for taking up Closet Stores Franchisee?
      Space required ranges from 1000 - 3000 sq ft depending on the format.
    • What Franchisee formats does Closet Stores offer?
      Closet Stores offers 1 format, i.e FOFO.
    • How to get Closet Stores Franchisee?
      To obtain a Closet franchise, follow these simple steps: 1. Express Interest: Reach out through our official email address. 2. Evaluation and Discussion: Engage in discussions with our franchise team to assess suitability, terms, and conditions. 3. Application and Approval: Complete and submit the franchise application. Our team will review and approve your application. 4. Training and Setup: Undergo training to understand the business model. Work with our support team to set up your franchise location. Connect with us through SMERGERS for further details.
    • Show more