Home > Franchises > Kid to Kid

Kid to Kid

A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.

In 1992 the Sloans opened their first store in Sandy, Utah. They opened a second store in the year, with the first franchise location opening in 1994. Kid to Kid Franchisor has 5 employees and 1 employee in franchise department. They offer good service contain children’s resale store service. There costs and fees include total investment of 126.8 thousand to 195.4 thousand dollars, franchise fee of 25 thousand, ongoing royalty fee of 5 percent, term of agreement of 10 years and a renewable fee of 25 percent of franchise fee. Because of good service they represent in some raking according to Entrepreneur magazine 2002-2006. That includes Franchise 500 rank of number one in 2006.

The franchisee’s store owners are also dissimilar from most franchisees. Their achievement is a natural result of meeting customers' needs. They appreciate that participating in the Kid to Kid buying and selling process is a win win win situation. Families win when they receive cash for recycling their used children's products. Parents win as they buy quality used products at a fraction of retail price. And store owners win as they harvest the financial and personal rewards which come from hard work and dedication.

With all the continuous hard efforts of all the members of the firm has made it one of the best in the business and has helped them reach to the pinnacle where others can only imagine of reaching. Customer support is one of their primary objective and they strive very hard to fulfill this objective.

Back to Franchises