How to Start a Style Encore Franchise in 7 Steps: Checklist

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OPENING PATH

How long does it take to open a Style Encore franchise, and what has to happen first?

9–12 months
Official typical opening period

Winmark Corporation’s 2026 Style Encore FDD says the typical period from Winmark’s acceptance of the Franchise Agreement to opening is approximately 9–12 months. This is an official planning range, not a promise. The Franchise Agreement separately requires opening when the premises are ready for occupancy or within 12 months after execution, whichever occurs first.

Legal franchisorWinmark Corporation, a Minnesota corporation.
FDD basis2026 U.S. FDD, issued March 16, 2026.
Applicable pathsStandard retail Store; additional-store path for qualifying existing Winmark franchisees.
Timeline evidence modeMode A — official total timeline, with separate contractual deadline.
Documents reviewedItems 1, 5–12, 15–17 and 20; Franchise Agreement; Software License Agreement; Additional Store Addendum; state addenda.
Date checkedJuly 18, 2026. Public process pages were checked separately against the FDD.
12 mo.
Opening deadline
Or when premises are ready, whichever comes first.
48 hrs
Typical site response
After Winmark receives a site approval request.
4 + ≥5
Training days
Two required sessions, plus an online finance course.
14 days
Federal FDD review
Calendar days before signing or paying franchisor/affiliate.
1–2 days
Pre-opening assistance
Typically provided 3–5 weeks before actual opening.

The process starts with qualification and candidate evaluation, then moves through disclosure and contracting, territory and site work, lease review, training, buildout and systems, inventory and marketing readiness, and finally written opening approval. Winmark’s public Style Encore steps to ownership describe application, financial qualification, franchisee conversations, Discovery Day and final approval; the FDD and Franchise Agreement control the binding opening obligations.

QUALIFICATION

What must a Style Encore applicant qualify for before signing?

Winmark’s current official franchise site states financial qualification thresholds of $400,000 net worth and $75,000–$105,000 in cash or other liquid assets, individually or with a financial partner. These are screening thresholds, not a guarantee of approval. The official application collects financial, location and background information and says acceptance is not a franchise grant.

✓
Financial screen. Be ready to verify the net-worth and liquid-asset information listed on Winmark’s official Style Encore investment page.
✓
Operating role. An individual franchisee must ordinarily be the on-site owner/operator. If the franchisee is an entity, one individual must hold at least 50% of the equity and voting interest and personally manage the Store.
✓
Guaranties. Each person owning 10% or more of the franchisee entity is a principal owner, and principal owners and their spouses must sign the Personal Guaranty described in Item 15.
✓
Candidate review. The official franchise application asks about preferred markets, target opening date, bankruptcy and criminal-history matters. The reviewed FDD does not disclose a universal minimum credit score or state that any one answer automatically disqualifies a candidate.
Buyer verificationWinmark’s public site says it may help candidates connect with financing resources, while Item 10 states Winmark does not offer direct or indirect financing and does not guarantee a note, lease or obligation. Treat lender approval as a separate third-party dependency.
ROADMAP

What is the verified sequence from inquiry to opening?

1
Submit the qualification form or full application
Actor: Applicant.
Action: Provide identity, financial and preferred-location information for Winmark’s initial screening.
Next dependency: Financial qualification and continued candidate evaluation.
2
Complete candidate diligence and final approval
Actors: Applicant and Winmark.
Action: The official process includes conversations with existing franchisees and Discovery Day before final approval.
Blocker: Meeting stated minimums does not obligate Winmark to award a franchise.
3
Receive and review the current FDD and agreements
Actors: Winmark and applicant.
Timing: Federal law requires the FDD at least 14 calendar days before signing a binding agreement or paying the franchisor or affiliate.
Next dependency: Resolve state-specific disclosure and effectiveness requirements.
4
Execute the Franchise Agreement
Actors: Franchisee and Winmark.
Action: The agreement establishes the Development Area and Exclusive Territory through Exhibit A; the initial franchise fee becomes due at signing, subject to applicable state addenda.
Timing: The 12-month opening clock begins at execution.
5
Find an acceptable site and clear lease review
Actors: Franchisee, Winmark and landlord.
Action: You locate the site in the approved Development Area; Winmark consents to the site and reviews the lease before execution.
Timing: Winmark typically approves a submitted site request within 48 hours.
6
Secure financing, lease, design and buildout
Actors: Franchisee, lender, landlord, contractors, suppliers and authorities.
Action: Customize plans to Winmark standards, obtain required permits and licenses, carry required insurance, and install approved fixtures, signs, technology and POS components.
Blocker: Permitting, construction, financing and lease negotiations can delay opening.
7
Complete both training stages
Actors: Required trainee(s), Winmark and online course provider.
Timing: Resale University 101 is 4 days. Resale University 201 is at least 5 days and follows financing, an executed lease and completion of the online financial-management course.
Blocker: Winmark will not allow opening unless both sessions are completed successfully to its satisfaction.
8
Pass opening-readiness review and obtain written approval
Actors: Franchisee and Winmark.
Action: Finish inventory, marketing, staffing, brand standards and system readiness. Winmark provides pre-opening assistance and schedules opening support.
Deadline: Do not open without written approval, and do not miss the agreement’s opening deadline.
SITE APPROVAL

How do territory, site approval and lease approval differ?

The Exclusive Territory is the protected geographic area described in Exhibit A; the Development Area is the smaller area inside it where the Store site may be selected. The FDD says the Exclusive Territory is typically a 3–5 mile radius, with boundaries based on modeled population density, household income and traffic patterns. A site inside the Development Area still requires Winmark’s consent.

Winmark says it considers traffic patterns, access, competition, attractiveness, surrounding population, demographics, buyer behavior, size and rent. The franchisee remains solely responsible for locating and obtaining the site; Winmark’s assistance is not a guarantee of site success.

Site approval is not lease approvalWinmark’s site consent does not replace lease review. The Franchise Agreement requires Winmark to review the lease before execution, and the lease must contain specified brand-protection provisions. The FDD advises determining whether acceptable sites exist in the proposed development area before signing; if the parties cannot agree on a site, the agreement may terminate without refund of the initial franchise fee.
TIMING

Which disclosed time periods can affect the opening schedule?

Selected day-based opening checkpoints
Comparable disclosed durations shown in days; each begins from its own stated trigger.
Typical site response
2 days
Resale University 101
4 days
Resale University 201
≥5 days
Federal FDD review
14 days
Interpretation: these are separate checkpoints, not additive stages. The overall 9–12 month opening range also includes lease, financing, permits, construction, equipment, inventory and staffing dependencies. Source: 2026 Style Encore FDD, Item 11, pp. 22–25; FTC Franchise Rule guidance.

The FDD also says Winmark’s 1–2 days of pre-opening assistance typically occur 3–5 weeks before the actual opening. The Franchise Agreement makes the 12-month deadline more stringent by requiring the Store to open when the premises are ready for occupancy or within 12 months after agreement execution, whichever comes first.

Contractual deadlineFailure to open by the Section 15(A)(1) deadline is a stated default. Section 15(B) lists that opening default among grounds for immediate termination by written notice without a contractual cure period, subject to applicable law and state-specific modifications.
RESPONSIBILITIES

Who controls the major pre-opening dependencies?

Applicant / franchisee
Provide qualification and application information.
Locate and secure an acceptable site.
Arrange financing and negotiate with the landlord.
Obtain permits, licenses, insurance and local approvals.
Hire staff and complete inventory, marketing and readiness tasks.
Winmark Corporation
Evaluate the candidate and decide whether to approve.
Designate territory/development area and consent to the site.
Review the lease and provide layout/design standards.
Provide required training and disclosed pre-opening assistance.
Issue written opening approval when standards are met.
Third parties
Lender: underwriting and funding.
Landlord: lease terms and possession.
Contractors/suppliers: buildout, fixtures, signs and equipment.
Government authorities: zoning, permits, licenses and inspections as locally applicable.
Insurer: required coverage and proof.
Winmark’s assistance does not shift responsibility for the site, construction, financing, employees or government approvals. The Franchise Agreement expressly states that the franchisee controls day-to-day operations and that site/development assistance is not a warranty or guarantee.
OPENING READINESS

What must be ready before Winmark can authorize opening?

Training and management

Both training sessions must be completed successfully. The individual owner ordinarily manages on site; multi-store franchisees may delegate additional-store management, but those Store managers must attend Resale University 201.

Inventory and brand standards

Winmark may withhold opening approval for unmet minimum inventory, training, marketing or brand requirements. Item 7 states Winmark may refuse to allow opening with less than $70,000 in used inventory.

Technology and approved sources

The Store must use Winmark’s required POS System and licensed Proprietary Software, approved fixtures, equipment, signs and suppliers. The FDD says the POS package is generally purchased about four weeks before the open-to-buy period.

Lease, insurance and local compliance

The lease must complete Winmark review before execution. Required insurance must be in force, and the franchisee must obtain applicable permits and licenses, comply with secondhand-dealer requirements where applicable, and use the approved licensed-music program.

Opening assistance is distinct from opening authorization. The 2026 FDD says Winmark provides opening assistance the day before and the day of the initial opening, but the Franchise Agreement says the Store may not open until Winmark gives written approval.

ADDITIONAL STORE

Does an existing Winmark franchisee follow the same opening process?

Mostly, but the 2026 FDD discloses an additional-store path rather than a separate area-development program. An existing Style Encore franchisee or franchisee of another Winmark brand who is in good standing and has been a Winmark franchisee for at least 12 months must sign the Additional Store Addendum when opening another Store; Winmark may waive the 12-month condition in its sole discretion.

The Addendum modifies two important opening points: the initial franchise fee is reduced for the additional Store, and Winmark may—but is not required to—provide the location, training or opening assistance otherwise described in Franchise Agreement Sections 7(A), 7(D) and 7(E). Existing multi-store operators therefore should confirm exactly which assistance Winmark will provide for the specific new location.

DISCLOSURE & STATE CHECK

What must be verified before signing or paying?

Under the FTC Franchise Rule, the prospective franchisee must receive the FDD at least 14 calendar days before signing a binding franchise agreement or paying money to the franchisor or its affiliate in connection with the proposed sale. The FTC also explains that a materially changed agreement can trigger a separate seven-calendar-day review period when the franchisor makes unilateral material changes that were not previously disclosed.

The March 16, 2026 FDD’s State Effective Dates page showed the listed franchise-registration states as “Pending” at issuance. Because those statuses can change, verify the current state-effective FDD and any state addendum for the buyer’s residence and proposed Store location. Style Encore’s official franchise disclaimer states that no franchise will be sold in a jurisdiction requiring registration until the offering is duly registered and effective there, subject to applicable exemptions.

For disclosure timing, see the FTC’s Consumer’s Guide to Buying a Franchise and Franchise Rule resources. For the current public franchise process, see Winmark’s Steps to Ownership and Style Encore’s official Own a Store page.
FINAL CHECK

What should a buyer confirm before treating the Store as ready to open?

✓
The current FDD and state-specific addenda are effective and applicable to the buyer and location.
✓
Exhibit A correctly states the Development Area and Exclusive Territory before execution.
✓
The proposed site has Winmark consent and the lease has completed Winmark review before signing.
✓
Financing, possession, permits, construction, approved suppliers and required insurance are actually complete.
✓
Resale University 101, the online finance course and Resale University 201 are completed in the required order.
✓
Inventory, POS, signage, marketing, staffing and brand standards satisfy Winmark’s opening-readiness requirements.
✓
Written opening approval has been received; opening assistance alone is not authorization.
✓
The Store can open before the contractual deadline, accounting for the “premises ready” trigger as well as the 12-month outside limit.

What is the practical opening conclusion?

The verified Style Encore path is qualification and candidate approval → FDD review → Franchise Agreement → territory and site consent → lease review → financing/buildout/systems → two-stage training → inventory and readiness → written opening approval. The FDD supplies an official typical 9–12 month timeline, while the Franchise Agreement imposes a separate opening deadline tied to agreement execution and premises readiness.

The most important applicant-controlled dependency is securing an acceptable site, lease, financing and buildout without losing the opening window. The most important franchisor/third-party dependencies are Winmark’s site and opening approvals plus landlord, lender, contractor and authority timing. Before signing, verify the current state-effective disclosure package; before opening, verify written authorization and the exact deadline that applies to the signed agreement.

Primary contractual source: 2026 Style Encore Franchise Disclosure Document, issued March 16, 2026; Items 1, 5–12, 15–17, 20; Franchise Agreement and attached Software License Agreement, Personal Guaranty and Additional Store Addendum. No franchise-controlled public copy of this FDD was identified for linking.
Official public sources: Winmark Corporation / Style Encore franchise pages linked above and Federal Trade Commission franchise guidance. Public webpages do not replace the signed agreements.