Why a Just Between Friends Consignment Franchise?
Low initial investment and a minimum of two sales per year, our model allows our franchisees to make a big impact in a short amount of time
Just Between Friends is the leading pop-up consignment sales event franchise in North America. If you’ve never heard of a pop-up consignment sale, you might be surprised at how popular they have become. We live in the age of thrift, where discount and bargain shopping is no longer stigmatized and helping the environment matters. As a result of the Great Recession and online shopping, consumers are more savvy than ever, and they expect every dollar to go further.
While making money is important, it is even more important to feel good about how we make our money. Just Between Friends is the epitome of Conscious Capitalism—giving franchisees a way to make money while making a difference in their communities. With an affordable initial investment and a minimum of two sales events per year, Just Between Friends can supplement a family’s income. The ongoing costs are also low because the events run by our franchisees are staffed by team members, some of whom are consignors who earn more money on their sales by working the events. This means that the main investment the franchisees have to make is in renting a venue large enough to serve their communities’ sale population.
How our events work
Once the papers are signed—and you are no longer just dreaming about presiding over your own pop-up consignment sale—the reality of putting on that three-day-plus sale will present itself. Don’t worry. We will be right there with you through the entire process of helping you through your first event. You will be trained by Just Between Friends franchise owners who have successfully staged and operated consignment sales in their territories. These Just Between Friends all-stars will walk you through everything you need to know about running your first sale.
All of our trainers are current franchisees operating successful businesses with JBF. You’ll first receive 10-15 hours of online training to help you jumpstart your business, followed by 5 days of classroom training. Finally, you’ll actually spend 21 hours on-site, training at an approved sales event, working in specific areas. Leading up to the sale, owners will spend 8-10 weeks marketing the sale, finding and communicating with consignors, securing and preparing the venue and working with vendors and charities. Pre-sale tasks generally involve marketing and communications and will include all necessary tasks to operate the event. Our model is successful because consignors who help out at the event get a bigger percentage of their items’ profit, and are incentivized to become team members.
“I do nine events a year, and that is manageable for me as a mother,” says Laura Staggs, owner of four Just Between Friends franchises in Colorado. “The beautiful thing about my job is that I can take my kids to school, go to their after-school activities, and spend the rest of my time setting price lists. You don’t have to be a mom; anyone can own a Just Between Friends franchise. We have men and women who own franchises. Contractually, the requirement is one sale held between January 1 and June 30 and one sale held between July 1 and December 31 each year. Owners can choose to have as many events as they would like.”
While some want to keep their franchise activity small, other franchisees run the business full-time and own multiple territories. Again, the beauty of the model is that your reward is entirely up to you. You can choose to do the minimum of two sales events per year and potentially earn a nice supplemental income for your family, or like Laura, you can do multiple events per year, scale your business, and take on multiple territories to have as large a business as you would like to manage.
What are the financial qualifications to buy a Just Between Friends consignment franchise?
Our initial entry fees are minimal compared with other retail franchises. Our franchise system works to suit the needs and schedules of our franchise owners. With the minimum requirement of two sales per year, our system can either be a substantial supplemental income with a flexible schedule or it can become a full-time career path. The financial details are listed below:
- U.S. Franchises – $14,900 USD
- Canadian Franchises – $16,900 USD
- Royalties are 3% of gross sales, less the sales tax
- Both the fees and royalties are much less than the average franchise fee of $35,000 with average royalties of 6%-8% of gross sales.
In addition to the franchise fees listed above, we estimate you will need $18,000 to $22,000 to launch your first event.