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Updated RecentlyHannoush Jewelers vs Amichi Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hannoush Jewelers vs Amichi 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 | $87,500 - $345,200 |
| Franchise Fee | $20,000 | N/A |
| Royalty Fee | 4% | - |
| Advertising Fee | - | - |
| Year Founded | 1980 | - |
| Year Franchised | 1995 | - |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 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 | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | Yes/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Co-op 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) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
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 Amichi
If you are passionate about the world of fashion and wish to be independent or to diversify your business, Amichi has much to offer you.
Mutual trust, established management systems and the integration of the value chain, allow Amichi franchisees to offer a quick and effective service to their customers.
Our commitment is based upon a list of common goals and objectives. Amichi has developed Geomarketing studies in order to help us to grow as a company and to determine the viability of our business practices. All results from these studies are analyzed and evaluated in order for us to be able to best establish ourselves in different regions and to adhere to different business models.
At the heart of our business model is a complex structure of logistics, technology and information systems which allow us to co-ordinate, control and monitor the commercial mix. Added to that, our infrastructure allows for economies of scale and gives us clear competitive advantage in the market place.
Amichi brings with it a strong brand image, which is supported by our experience of more than 25 years in the marketplace. Architects and interior designers make the most of retail spaces, carefully assigning decorative techniques in a way that reflects our important corporate image.
Window dressing, merchandising and promotion are just some of the techniques that our operations team develops together with the franchisee, creating synergy in our workforce.
Discover the benefits of joining a strong and well renowned Spanish business chain and be part of our international expansion plan.