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General

Industry

Retail Products and Services

Category

Clothing / Fashion

SBA Identifier

Year of Founding

2008

Fees

Marketing Fee

1.3%

Royalty Fee

3%

Franchise Fee

$6,500-$6,500

Investment Range

$12K-$25K

Location units

Total U.S. Locations

13

U.S. Franchised Units

13

U.S. Corporate Units

0

Headquarters (City)

Prior Lake

Other

Item 19 - Franchise Financials

No

Financing Availability

no

Started Offering Franchises

2008

Issuance of FDD Data

04/09/2019

What to know about Here We Grow Again franchise?

The HERE WE GROW AGAIN KIDS CONSIGNMENT SALE, L.L.C. ("Here We Grow Again") offers you a franchise to engage in the business of selling children's clothing, toys and other items on consignment.

Here We Grow Again is based in Prior Lake, MN. Scroll down to learn more!

How much does a Here We Grow Again franchise cost?

Are you wondering how much is a Here We Grow Again franchise? Before starting a Here We Grow Again franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Here We Grow Again franchise is $12,150 and can go all the way up to $24,500. Keep in mind, you should also allocate additional funds to live off of while the Here We Grow Again business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Here We Grow Again franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Here We Grow Again business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Here We Grow Again franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Here We Grow Again. Hotels to the Clothing / Fashion, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 15 1 1 15
2017 15 1 3 13
2018 13 0 0 13

Additional Details

How much does a Here We Grow Again franchise owner make?

Here We Grow Again franchise earnings and revenue can vary significantly from one franchisee to another.
The Here We Grow Again franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Here We Grow Again unfortunately does not disclose financials on how much Here We Grow Again franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Here We Grow Again does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Here We Grow Again franchisees. Do note that Here We Grow Again is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Here We Grow Again franchisees to understand how much money they are making from their Here We Grow Again business.

You should also speak to former Here We Grow Again franchisees to understand why they left the system. Did they sell their Here We Grow Again at a profit? Were they forced to close their Here We Grow Again franchise down because it kept losing money?

What is the Here We Grow Again franchise fee?

Owning a Here We Grow Again franchise requires 3% royalty fee and 1.3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Here We Grow Again Franchise Disclosure Document

Keep in mind, there is also an initial Here We Grow Again franchise fee of $6,500 that is included in the initial investment amount of $12,150 to $24,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Here We Grow Again franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Here We Grow Again franchise fee of $6,500.

Visit the Here We Grow Again metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Here We Grow Again founded?

Here We Grow Again started offering franchises in 2008. Here We Grow Again was founded 14 years ago in 2008.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Here We Grow Again locations are in the U.S.?

As of 2019, there were 13 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like Here We Grow Again have more franchised locations than corporate locations.

How many Here We Grow Again franchises opened over the past few years?

Over the prior 3 years we have data for, Here We Grow Again has opened 2 outlets throughout the U.S. Visit the Here We Grow Again metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Here We Grow Again franchises closed over the past few years?

Over the prior 3 years we have data for, Here We Grow Again has closed 4 outlets throughout the U.S

Visit the Here We Grow Again metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Here We Grow Again growing? Are they opening more locations than they are closing?

The net unit growth rate for Here We Grow Again over the past 3 years is -13%. Over the last year we have data for, Here We Grow Again had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Here We Grow Again growth rate compares to 2,000+ other franchises and Industry franchises like Here We Grow Again. More info in the Here We Grow Again metrics tab.

Is Here We Grow Again franchise eligible for an SBA Loan?

Here We Grow Again is not eligible for SBA loans including the 7(a) loan last time we checked.

Here We Grow Again franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Here We Grow Again that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Here We Grow Again a franchise in the United States?

According to the SBA, Here We Grow Again does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Here We Grow Again provides you with an FDD if you are in discussion to buy a Here We Grow Again

What is the Here We Grow Again Franchise for Sale Rate?

The Here We Grow Again systemwide health and franchisee satisfaction can be measured by the Here We Grow Againfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Here We Grow Again franchise for sale rate over the past 3 years is 23%. Over the last year we have data for, Here We Grow Again had a franchise for sale rate of 8%.

Without a comparison, this number doesn’t mean much. Compare how the Here We Grow Again franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Here We Grow Again. More info in the Here We Grow Again metrics tab.

What is the Here We Grow Again Franchise Failure Rate?

Here We Grow Again franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Here We Grow Again failure rate over the past 3 years is 31%. Over the last year we have data for, Here We Grow Again had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Here We Grow Again franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Here We Grow Again. More info in the Here We Grow Again metrics tab.

How can I find out more details on Here We Grow Again franchise?

Visit the Here We Grow Again metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Here We Grow Again

$18,325

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Here We Grow Again

3%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Here We Grow Again

$6,500

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2019)

General

Industry

Retail Products and Services

Category

Clothing / Fashion

SBA Identifier

Year of Founding

2008

Fees

Marketing Fee

1.3%

Royalty Fee

3%

Franchise Fee

$6,500-$6,500

Investment Range

$12K-$25K

Location units

Total U.S. Locations

13

U.S. Franchised Units

13

U.S. Corporate Units

0

Headquarters (City)

Prior Lake

Other

Item 19 - Franchise Financials

No

Financing Availability

no

Started Offering Franchises

2008

Issuance of FDD Data

04/09/2019

Detailed Franchise metrics for Here We Grow Again

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Here We Grow Again below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Here We Grow Again

$6,500

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2019)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Here We Grow Again

NA

31%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Here We Grow Again

NA

23%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

2122 Belmont Ave NW

State headquarters

Minnesota

Key leadership

Here We Grow Again

Phone

+1 (000) 0********00

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City

Prior Lake

Zip code

55379
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