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Janice Durant
Queensbury, NY
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The Closet Trading Company
Initial Investment
$146,400 – $425,300
Liquid Capital Required
$100,000
Franchise Fee
$40,000
Royalty
5%
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About The Closet Trading Company
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 Millennials who are erasing the social stigma previously associated with buying used merchandise
The Closet Trading Company is at the leading edge of the "circular economy", created, in part, by mindful consumers who are committed to more global sustainability. 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!
The best part is, by trading in their own lightly pre-loved fashion, our clients can "create their own discount" and refresh their wardrobe on any budget! As we say at TCTC, "When the magic's gone, pass it on!"
Key Details
Initial Investment
$146,400 – $425,300
Liquid Capital Required
$100,000
Franchise Fee
$40,000
Royalty
5%
Total Units
4
Founded
2003
Began Franchising
2018
Status
Active
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