The Closet Trading Company

The Closet Trading Company is an unparalleled resale experience, offering a curated selection of current styles from designer and luxury labels. These are generally items that were sold in stores for no less than $100 and as high as $15,000 or more. Brands we buy and sell include Chanel, Louis Vuitton, Rag & Bone, Lululemon, Vince, Gucci, Hermes, Reformation, and Chloe, among others.

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The Closet Trading Company

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The Closet Trading Company Franchise Cost and Requirements for 2022

Background

The Closet Trading Company is an unparalleled resale experience, offering a curated selection of current styles from designer and luxury labels. These are generally items that were sold in stores for no less than $100 and as high as $15,000 or more. Brands we buy and sell include Chanel, Louis Vuitton, Rag & Bone, Lululemon, Vince, Gucci, Hermes, Reformation, and Chloe, among others. Founded in 2003 and franchising since 2019, we currently operate four locations across Southern California.

"I have a closet full of clothes and nothing to wear." As women, we find that sentiment all too relatable! At The Closet Trading Company, we empower our client to get rid of the things that no longer serve her, make some money on them, and use that fresh income to shop for new items. At TCTC, she will receive an excellent value for quality designer fashion in a beautiful, inviting boutique environment. Refreshing her wardrobe becomes an integral part of our client's shopping habits, and the continuously changing inventory keeps her coming back with increased frequency. We see many of our regulars visiting at least twice a week "to not miss anything."

At The Closet Trading Company, we have leveraged technology to implement a best-in-class suite of products to support automated pricing and appraisal, AI-powered authentication, clienteling, and loyalty. These tools, along with our established supply chain, offer the accountability and transparency required for a successful semi-absentee model. Our TCTC franchisees can take pride in representing a brand that gives savvy women access to quality designer goods at an affordable price, motivates our clients to declutter their overstuffed closets, and operates an inherently sustainable concept that helps to protect our environment.

Company Details

Established: 2003
First Unit Franchised:
Franchised Units: 0
Company Owned Units: 4
States Registered In: All
Canada Franchises: No
International Franchises: No

Support and Training Offered By The Closet Trading Company

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: No
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Training:
40 hours classroom, 40 hours in store training

Pre-opening:
  • 5 days of virtual classroom training
  • 5 days in our LA headquarters and locations
  • Semi-absentee owners will bring managers to training
  • Grand Opening
  • One month period
  • Ongoing
  • Monthly calls
  • Seasonal buying guide (4/year)
  • Webinars
  • Corporate accessibility
  • Authentication guides

2022 Franchise Requirements Needed to Own a The Closet Trading Company Franchise.

What does a The Closet Trading Company Franchise Cost?

The Closet Trading Company franchise fees for 2022:

Cash Investment: $65,000
Total Investment: $175,000
Minimum Net Worth: $150,000
Franchise Fee: $40,000
Royalty: 5%
Ad: 1%
Average Number of Employees: 4
Item 19: Yes
Visa Candidates: No
Passive Ownership: No
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: No

Is The Closet Trading Company a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. The Closet Trading Company is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is The Closet Trading Company a Home Based franchise?

No. The Closet Trading Company is not a home based franchise opportunity.

What Do The Closet Trading Company Franchise Owners Make?

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

Is The Closet Trading Company a Master Franchise Opportunity?

No. The Closet Trading Company is not a master franchise opportunity.

Does The Closet Trading Company Offer a Veteran Discount?

No. The Closet Trading Company franchise does not offer a veteran discount.

Does The Closet Trading Company Work with E2 Visa and EB-5 Visa Candidates?

No. The Closet Trading Company franchise does not work with E2 Visa and EB-5 Visa candidates.

Is The Closet Trading Company Looking for Franchisees in Canada?

No. The Closet Trading Company franchise is not looking for Canada franchisees.

Is The Closet Trading Company Looking for International franchisees?

No. The Closet Trading Company franchise is not looking for International franchisees.

Additional Information

Additional Categories

Miscellaneous & Unique, Retail

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$50,000 - $100,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

The Closet Trading Company Franchises for Sale

Click Here to inquire about existing The Closet Trading Company franchises for sale. We may have The Closet Trading Company 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.