Hut No. 8 is a clothing exchange store featuring brand name clothing. Customers are invited to either sell their trendy, gently used clothing for cash or buy others’ used clothing and accessories for up to 80% off mall prices. The store appeals to young adults wants to wear the hottest clothing brands, such as Abercrombie & Fitch, Hollister, and Old Navy, but cannot afford to buy it at expensive store prices.
Full Franchise Information
Hut No. 8 is a privately held clothing store franchise.
Hut No. 8 Franchise Opportunities - History
In 2008, Goin’ Postal Franchise Corporation opened its first location, quickly endearing itself to customers who wanted to unload the clothes they no longer wore and buy fashionable clothing they could not afford in traditional stores. Since then, the Hut No. 8 franchise has since grown to over a dozen locations.
Hut No. 8 Franchise Cost / Initial Investment / Hut No. 8 Franchise Income
The capital required to open a Hut No. 8 franchise is $20,000. The Hut No. 8 franchise fee is $15,000 with a total investment of $91,700-$201,900. A $360 monthly royalty fee is also required. We currently don’t have information on the average Hut No. 8 franchise income.
Hut No. 8 Business Opportunities: Other Information
To ensure Hut No. 8 locations succeed, the company provides free training, support, advertising, and PR assistance to its franchisees. Additionally, Hut No. 8 also helps provide new stores with a supply of used inventory so there is less downtime before the store can be up and operational.
The consignment industry is less vulnerable to economic downturns. Stores like Abercrombie and Fitch and The Gap that initially sell the items found in Hut No. 8 pay a major overhead to situate themselves in expensive malls. By offering the same products in a less-pricy environment, Hut No. 8 provides an affordable alternative to teenagers.