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Updated RecentlyHannoush Jewelers vs Gymboree Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hannoush Jewelers vs Gymboree including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $291,000 - $717,000 | $81,143 - $267,593 |
| Franchise Fee | $20,000 | $45,000 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | - | - |
| Year Founded | 1980 | 1976 |
| Year Franchised | 1995 | 1978 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/No |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | Yes/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
International franchisees required to buy multiple units/master licenses; 44% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | No | Yes |
Company Overviews
About Hannoush Jewelers
Hannoush Jewelers' philosophy is one
of personal attention to detail and family ownership. With the careful
guidance of the Hannoush family, the first Hannoush Jewelers store launched in Massachusetts in 1980. The Hannoush Jewelers network today includes more than 50 company-owned and franchised stores throughout the United States.Hannoush Jewelers believes that a
company can only be as good as the people who represent it daily. We have over
400 professionally trained employees who provide expert purchase advice to
customers at stores in freestanding locations and fine malls.
About Gymboree
San Francisco mother Joan Barnes created the Gymboree Play and Music Program in 1976 when she couldn't find a safe place for new parents and children to play and exercise together. There are now locations across the United States and throughout the world.
Gymboree Play and Music centers offer different classes each week for children ranging from newborn through 4 years old. Classes are designed to stimulate the senses and encourage children's development.