The StateMint Consignment system is well positioned and poised for growth with a proven track record and a highly experienced operations and management team. The business model is simple to operate and requires an eye for design and commerce, and only minimal staffing staffing and training are required. Products are sourced from local consignors, and the management and visionary principles are derived from founder Sarah McAffry’s vast experience and business acumen. StateMint Consignment markets itself as a different kind of shopping experience, and the brand is ready to take its concept to communities across the U.S. The unique retail franchise brand is an affordable step into the retail industry with a streamlined process and consistent delivery of quality. Without any direct competition, this franchise opportunity requires a lower investment compared to permanent consignment shops as retail facilities are only rented the week of the event. The franchisor provides extensive training and support.
Before franchisees open for business, owners can expect a dual-phase initial training program that will provide them with the knowledge they need to run a StateMint Consignment event. They also receive ongoing training and support in many areas, including unit operations, maintenance, customer-service techniques, and administrative procedure, and are provided with the advertising materials and strategies, consumer marketing plans, and materials. Research methods and techniques will also be provided. In terms of the initial investment, it ranges between $34,400 - $54,050, which includes a $20,000 franchise fee. Qualified candidates are responsible for a 3% royalty fee and a 1% advertising fee, and they should be hardworking and ethical.