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Updated RecentlyHannoush Jewelers vs Discount Clothing Store Developers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hannoush Jewelers vs Discount Clothing Store Developers 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 | $66,900 - And Up |
| 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 | - | Training begins well before, and continues well after, the opening of the store. The storeowner will be assigned a trainer from our corporate offices. The training program includes a complete review of the comprehensive operations manual and other materials including: Store Build Out and Preparation Cash Management Hours of Operation Inventory Order and Control Merchandise Ordering Merchandising Store security Employee Handbook Customized training can be done telephonically or a combo of class room training at our corporate headquarters is available. |
| 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 | 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 Discount Clothing Store Developers
Discount Clothing Store Developers is a business opportunity, NOT A FRANCHISE! The owner and management staff of Discount Clothing Store Developers has owned and operated retail stores for many years, so we fully understand what is necessary for storeowners to be the most successful. Based on our knowledge and expertise, we will guide you in structuring your retail operation providing the basis of how to conduct business. Elements such as human resources � finding and keeping productive trustworthy employees, to budgeting for financial stability and growth potential, and effective cost-minded marketing; these items are the foundation for any successful business. In addition, we know what merchandise to provide to the stores, how to merchandise it in a professional manner creating demand, and when to start the closeout process preparing for the next seasonal session. All of these elements provide for a proper inventory flow allowing for the greatest opportunity for profit and long term success. Merchandise pricing strategies is another key ingredient to success. History has shown us that with proper pricing schemes you create a desire for your customer to spend more than they anticipated by using "2 for" pricing, multi-unit discounting, and clearly showing your discounted pricing verses MSRP. After analysis of your market and rent structure, we will recommend the pricing formula to you with the greatest net revenue projection considering all relevant factors.