StateMint

StateMint Consignment believes in helping others reclaiming their closet and their life by revolutionizing the way they shop. Founded by Knoxville, Tenn., native Sarah McAffry, StateMint Consignment offers consignors a chance to clean out unwanted, current styles and for shoppers to find incredible bargains at 50-70% off retail value. The ideal franchise owner has an incredible work ethic, discipline, and integrity; organizational skills; strong customer service skills; desire to make a positive impact; and leadership mentality. Since its founding in 2014, StateMint has expanded to locations in Alabama, Georgia, North Carolina, and Iowa. Franchise owners benefit from a low-investment and simple business model. 

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StateMint Franchise Cost and Requirements for 2024

Background

The StateMint Consignment system is well positioned and poised for growth with a proven track record and a highly experienced operations and management team. The business model is simple to operate and requires an eye for design and commerce, and only minimal staffing staffing and training are required. Products are sourced from local consignors, and the management and visionary principles are derived from founder Sarah McAffry’s vast experience and business acumen. StateMint Consignment markets itself as a different kind of shopping experience, and the brand is ready to take its concept to communities across the U.S. The unique retail franchise brand is an affordable step into the retail industry with a streamlined process and consistent delivery of quality. Without any direct competition, this franchise opportunity requires a lower investment compared to permanent consignment shops as retail facilities are only rented the week of the event. The franchisor provides extensive training and support.
Before franchisees open for business, owners can expect a dual-phase initial training program that will provide them with the knowledge they need to run a StateMint Consignment event. They also receive ongoing training and support in many areas, including unit operations, maintenance, customer-service techniques, and administrative procedure, and are provided with the advertising materials and strategies, consumer marketing plans, and materials. Research methods and techniques will also be provided. In terms of the initial investment, it ranges between $34,400 - $54,050, which includes a $20,000 franchise fee. Qualified candidates are responsible for a 3% royalty fee and a 1% advertising fee, and they should be hardworking and ethical.  

Company Details

Headquarters: Powell, TN 37849
Founded: 2014
First franchise: 2022
Absentee: No
Home-based: No
Exclusive territory: Yes
International: No
Canada: No

Support and Training Offered By StateMint

Franchise owners can expect a dual-phase initial training program that will provide them with the knowledge they need to run a StateMint Consignment event. These entrepreneurs also receive ongoing training and support in many areas, including unit operations, maintenance, customer-service techniques, and administrative procedure. The franchisor coordinates the development of advertising materials and strategies, consumer marketing plans, and materials. Research methods and techniques will also be provided.

2024 Franchise Requirements Needed to Own a StateMint Franchise.

What does a StateMint Franchise Cost?

StateMint franchise fees for 2024:

Initial Franchise Fee: $20,000
Initial Investment: $34,400 - $54,050
Royalty Fee: 3%
Ad Royalty Fee: 1%

Is StateMint a Home Based franchise?

No. StateMint is not a home based franchise opportunity.

What Do StateMint Franchise Owners Make?

Click here to find out how much StateMint franchisees make. StateMint offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is StateMint Looking for Franchisees in Canada?

No. StateMint franchise is not looking for Canada franchisees.

Is StateMint Looking for International franchisees?

No. StateMint franchise is not looking for International franchisees.

Where can I see StateMint's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Retail, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$25,000 - $50,000

Home Based Franchise

No

Item 19 Franchise

Yes

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

StateMint Franchises for Sale

Click Here to inquire about existing StateMint franchises for sale. We may have StateMint franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.