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Updated RecentlyHannoush Jewelers vs Sparket Marketing Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hannoush Jewelers vs Sparket Marketing 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 | $50,000 |
| Franchise Fee | $20,000 | $20,000 |
| Royalty Fee | 4% | 0 |
| Advertising Fee | - | 0 |
| Year Founded | 1980 | 1986 |
| Year Franchised | 1995 | 2008 |
| Term Of Agreement | 10 years | Life time |
| Term Of Agreement | 10 years | Life time |
| Renewal Fee | - | None |
Business Experience Requirements |
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| Experience | - | * Familiarity with the local market. * Experience in the relevant industry (ideal, but not always essential). * Proven financial resources. The master franchisee must have the wherewithal (either alone or with other investors) to buy the franchise rights, set up prototypes and systems, and develop the franchise business in the agreed territory. * Proven management skills. For the most part, the master franchisee will be functioning in exactly the same way as the franchise does in its �home territory� (native country). |
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 | - | You and your team will be provided an intensive training in all functions of the business locally by us apart from regular periodical visits by our senior team on the field to ensure business is generated and you are established in your territory and your team must aim for local leadership. |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | The Company will generate and support you with web enquiries and discuss regularly depending upon the sales performance and a host of market conditions. Company will assist in all support on artwork, designs, brochures and catalogues. Local leads will be provided from our existing large customer base so that you can secure good business. We will give you our existing customers from your territory. |
| Marketing | Co-op advertising | Done centrally by us and you need to service the clients. |
| 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) | Ideally owner should be involved in learning and running it. Can start small and grow it over a period of time as confidence increases and money is earned which can be reinvested to scale it up. |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | 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 Sparket Marketing
Master Franchises - Master Franchise Opportunities We are the Indian manufacturers and exporters of promotional corporate gifts and customized odd items. Due to demand from our regular customers we wish to appoint Master Franchisees in all Countries. We are already doing business all over the world. For better customer experience through human feel and touch and to build a stronger brand equity we are stretching ourselves through our franchisee partners. You may need to appoint resident representative to provide personal touch to customers as business grows over time. Ideally you should act as Master Franchisee in your Country and help others set up franchisees in their respective Cities and Towns for better coverage of the territory. Depending on your Country these decisions will be taken. We need initial partners who can help us design and fine tune the best proposal to make it truly WIN-WIN and entry is strictly only for THE BEST AND COMPLETE TEAM MEMBERS. We have been continuously learning and practicing life time relationships with our employees and that success now gives us more confidence to extend the same to our partners and their teams too. � Available Master Franchises in all Countries outside INDIA across the world. Your territory is exclusive to you for lifetime and can be passed on to future generations. Master franchising can be a very nice business opportunity, creating quite a decent income. However, it is important to find the best match for your skills and interests so that you have the highest chance for success. Interested to know more then please email us at [email protected]