Gymboree vs Whimsy Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Gymboree vs Whimsy including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Gymboree Franchise
Whimsy Franchise
Investment $81,143 - $267,593$75,000 - $180,000
Franchise Fee $45,000$25,000
Royalty Fee 6%6%
Advertising Fee -N/A
Year Founded 19762003
Year Franchised 19782008
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -20% of current franchise fee


Business Experience Requirements
 
Gymboree Franchise
Whimsy Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Gymboree Franchise
    Whimsy Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Gymboree Franchise
    Whimsy Franchise
    Training -We provide you an initial training program that covers material aspects of the operation of the franchised business. The topics covered are listed in the chart below. This training is offered on an as needed basis at our headquarters in Salt Lake City, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option.
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations 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
     
    Gymboree Franchise
    Whimsy Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    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.

    About Whimsy

    There are two establishment openings with Whimsy:

    Block and Cement ~ Open up your own particular area and we'll give the foundation to you to flourish. Marking, mailing records, stock and years of experience give all that you have to succeed.

    Eccentricity on Wheels ~ Take Park City's best boutique out and about. The Whimsy trailer is anything but difficult to take wherever the general population are social event. Exploit the group at jubilees and occasions with less venture than a customer facing facade.

    Whimsy Clothing has 5 Locations and represents considerable authority in FUN, AFFORDABLE shopping. We have extraordinary skirts, dresses, adornments, shoes, pants and nuts and bolts to offer a total shopping knowledge. We have in vogue and contemporary dress to fit both the working lady and additionally the housewife or the understudy on a financial plan. We comprehend that all ladies want to look great and can rest easy. Having a store that spotlights on holding costs down and looks sharp and current is imperative to Whimsy. We realize that ladies need to feel great in what they purchase and also liking the cost. Eccentricity backings and conveys numerous neighborhood specialists and originators and it consistently finding new sellers to keep our stock new and new. Come see what everybody is discussing!!
     Average cost of inventory to open $45,000.00 Hardware cost for racks/cash wrap $10,000
    At this point we are opening for under $85,000 and can have a store turn-key within 4weeks