Frequently Asked Questions About Our Franchising
What experience do I need to own a consignment franchise with Consignment Bridal & Prom?
The Consignment Bridal & Prom franchise owner shares our philosophy and is passionate about empowering women and helping them find once-loved dresses at affordable prices. We seek financially qualified candidates who are inspired by our mission and are ready to help us disrupt the bridal industry.
What is provided as part of the Consignment Bridal & Prom franchise program?
Franchise owners and their managers will spend up to five days at our flagship location in Andover, Massachusetts, for comprehensive training on the Consignment Bridal & Prom franchise model, both in the classroom and on the job. When it’s time for your Grand Opening, our franchise team will travel to your location for up to three days to make sure you are calm, confident, and excited when you open your doors. Owners will have access to the Consignment Bridal & Prom Confidential Operations Manual for daily operations. Our team is available to assist you when you need us. We are always just a call or click away.
How much will the Consignment Bridal & Prom franchise program cost me?
The estimated initial investment necessary to begin operations ranges from $108,860 to $163,350. This includes a $30,000 initial franchise fee. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
Is financing available?
We do not provide direct financing to franchise owners, but we may refer to financing sources on a case-by-case basis.
Are there ongoing fees to pay?
We collect a royalty fee equal to 6% of gross revenues. Fees such as these allow us to fund our ongoing support services and the continued development of programs, marketing tools, training programs, and systems upgrades. For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Are there any advertising fees?
Franchise owners will be required to spend a minimum of $1,000 per month on their Grand Opening and initial advertising from the preopening period (two months before opening) through the first twelve months of operations. Beginning in the thirteenth month following the Grand Opening, owners must spend a minimum of $500 per month for local advertising of their Consignment Bridal and Prom franchise. You will also contribute 1% of gross revenues to the brand marketing fund. Collected funds will be used to develop marketing strategies to promote the Consignment Bridal & Prom brand and cover the creative costs to develop branded marketing materials and campaigns.
What is the term of the agreement?
The initial term of your agreement is seven years, with three subsequent successor agreement options of five years each.
How do I get started?
If you’re interested in learning more about the Consignment Bridal & Prom Franchise Opportunity, contact us at (978) 699-0004 or franchising@consignmentbridalprom.com. Let’s discuss setting up a meeting, speaking with our management staff, and receiving our FDD, for all the important details you’ll need to make an informed decision.