Retail is not only the lifeblood of the American economy, but a prime opportunity for entrepreneurs looking to get into franchising. In fact, retail is the largest sector of the U.S. economy overall, directly or indirectly supporting some 42 million jobs and contributing a whopping $2.6 trillion annually to the country’s GDP!
With millions of consumers as potential customers, the retail sector – and clothing and apparel retail in particular – offers an enticing opportunity for entrepreneurs. Here’s a quick look at the five best clothing franchises to open to see how you can cash in on this massive sector of the U.S. economy!
1. Apricot Lane
Initial Franchise Fee: $15,000 – $34,500
Startup Costs: $132,550 – $329,800
Founded back in 1996, Apricot Lane is a growing fashion and retail franchise that focuses on cutting-edge fashion trends. The shopping franchise sells a wide array of clothes and apparel from a number of major brands, including handbags, jewelry, and accessories. Many of these styles are straight off the runway, ensuring that only the most up-to-date styles are featured in the retailer’s locations.
This retail franchise is ideal for fashionista entrepreneurs who want to play a role in promoting cutting-edge, popular fashion brands with the support of a well-known and respected brand.
2. Uptown Cheapskate
Initial Franchise Fee: $25,000
Startup Costs: $302,763 – $487,763
Uptown Cheapskate, established in 2009, is a rising shopping franchise that sells gently-used clothing, handbags, and accessories at affordable prices. The upscale consignment shop is aimed primarily at young adults and carries quality second-hand clothes and merchandise from popular brands such as Urban Outfitters, Nordstrom, J. Crew, Banana Republic, and more.
Uptown Cheapskate is a unique and attractive business opportunity for entrepreneurs, since its business model successfully blends both franchising and consignment retail. Resale shops such as this have grown dramatically in popularity in recent years, as shoppers have become more budget-conscious yet continue to seek out the latest brands and trendy clothes.
Initial Franchise Fee: $49,500
Startup Costs: $107,354 – $240,867
First started as a small, family-owned retail outlet back in 2000, EmbroidMe is now the nation’s largest apparel and promotional products franchise and boasts a global reach. This unique franchise provides customers with embroidery and garment services so that they can craft their own customized apparel.
Many entrepreneurs have trusted EmbroidMe to further their careers due to its extensive training program, established business model, and comprehensive support for its franchisees.
4. Flip Flop Shops
Initial Franchise Fee: $35,000
Startup Costs: $165,800 – $310,500
Established in 2004, Flip Flop Shops sells high-quality flip flops and casual footwear from a variety of popular brands, including Birkenstock, Reef, Bearpaw, Olukai, and others.
This franchise is great for entrepreneurs who want to break into the huge and growing footwear market with an established brand name and extensive franchisor support.
5. Good Feet
Initial Franchise Fee: $25,000
Startup Costs: $123,770 – $229,275
Finally, another one of the best clothing franchises to open is Good Feet, a company founded in 2004 that produces high-quality, personalized arch supports designed to help improve customers’ quality of life and alleviate foot, knee, and back pain issues.
Good Feet franchisees enjoy comprehensive marketing support, broad market reach, an established business model, and an experienced, well-known franchisor partner.
Check Out These Best Clothing Franchises to Open – and Other Retail Opportunities!
These are just some of the best clothing franchises to open, but don’t feel limited to just these as an entrepreneur. Be sure to check out even more retail franchise opportunities available here at AskMrFranchise.com to find the one that best fits you!