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Below is an in-depth analysis and side-by-side comparison of Children's Orchard vs Hope Chest for Breast Cancer including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $174,700 - $326,500 | $95,600 - $155,300 |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 4% | - |
Advertising Fee | $2K/yr | - |
Year Founded | 1980 | 2002 |
Year Franchised | 1985 | 2006 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $3K | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
15.6% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Hope Chest for Breast Cancer provides Emergency Assistance Grants to
support local breast cancer patients and their families. Our business
model combines the power of a foundation and revenue-generating Resale
Shop. Hope Chest for Breast Cancer combines donations, grants, event revenues and
store proceeds to provide a solid revenue stream for its mission. Hope Chest for Breast Cancer is open seven days per week and sells merchandise at a fraction of the cost because all of the items - from
evening wear to end tables - are donated from individuals or corporations.