Hock Shop vs Boomerang Kids Franchise Comparison

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

Start-Up Costs and Fees

Hock Shop Franchise
Boomerang Kids Franchise
Investment $165,000$167,000 - $240,000
Franchise Fee $25,000 - $50,000$35,000
Royalty Fee -5%
Advertising Fee -1%
Year Founded 19831994
Year Franchised 19932011
Term Of Agreement --
Term Of Agreement --
Renewal Fee --

Business Experience Requirements

Hock Shop Franchise
Boomerang Kids Franchise
Experience -Applicants should have net worth exceeding $250,000, including at least $75,000 in cash or liquid assets (non-retirement stocks and bonds, etc), and another $150,000 or in assets to be used as collateral to obtain appropriate financing. Proof of financial networth and assets will be required as you move forward in our franchise process. A successful Boomerang Kids franchisee requires money, hard work and patience. It isn�t for everybody. Having knowledge of children�s products is very helpful, as is a great appreciation for kids and families. If you are motivated, organized, enjoy helping people and strive for excellence in customer service and can diligently follow our system, you are a good candidate for a Boomerang Kids franchise.

Financing Options

Hock Shop Franchise
Boomerang Kids Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

Hock Shop Franchise
Boomerang Kids Franchise
Training -Comprehensive training program using lecture-style and in-store training, including manuals for tagging and processing clothes, the computer systems, and store operations and customer service Instruction includes how to buy, consign, process and tag consignment items, sell, service, market, advertise, hire staff, buy, control and turn inventory, manage cash flow and more
Support -*Development of a comprehensive, 3-year financial business plan with monthly data *Pro-forma scenario-based planning *Financing options, preparing for loan applications *Site evaluation, market analysis, demographic review *Negotiation and "offer to lease" assistance *Store design, floor-planning and merchandising strategies *In-store set-up *Back-office set-up assistance, including consignment and point of sale computer system, guidance on banking procedures and supplier management *Initial inventory selection *Grand Opening assistance *On-site store opening assistance
Marketing -*Assistance with opening inventory and supplemental inventory thereafter *Preferred vendor management and guidance on new product sourcing *Guidance on product valuations and market conditions *Marketing and advertising resources *Updates to our website - www.boomerangkids.ca - with selected content tailored to your store location
Operations -Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations.

Expansion Plans

Hock Shop Franchise
Boomerang Kids Franchise
US Expansion --
Canada Expansion -Yes
International Expansion --

Company Overviews

About Hock Shop

Demand for quality used products escalates as Canadian consumers demand greater purchasing value and embrace recycling. This key marketing advantage is unaffected by the economy. Cash services through PayDay advance and cheque cashing add to the bottom line. We truly are the "garage sale with a guarantee" - the Evolution of Retail.

We are pleased to announce that customers who are in the local area can now shop and pay for their items online and select the option to pick up at your local store using curb side pickup.

You can now request an invoice be emailed to you. Simply call the store and let us know what you would like to pick up. An email link will take you to our secure website for payment. Payment can be made by credit or debit credit cards.

We can now invoice you for loan payments, retail sales & layaways. Items can be picked up curb side, or shipped to your door - please call the store once payment is made. We will be happy to load your items into your vehicle.

About Boomerang Kids

Run a well-established business with an exceptional brand. With 18 years in business, and 4 stores in Ottawa, Boomerang Kids is known for affordable and high quality children's clothing, baby gear, toys, books and dvds. Boomerang Kids is the destination for resale shopping, as well as for those new and trendy must-have accessories and toys ...be the captain of your own ship, with the flexibility you need for your family.
Boomerang Kids owners are their own boss, and can prioritize their time as they wish. Owners do work hard, but the seasonal qualities of the business allow for personal and family time ...help make our planet a better place.
New and nearly new baby, children's and maternity items including clothing, toys, books and equipment. 8 locations, online shopping and expanding rapidly!
The market growth of the resale industry is outpacing regular retail as more people realize we don’t need to buy everything new, and we all benefit from reusing and recycling ...help support and strengthen your community. Boomerang Kids donates children's items to local families in need. ...put money back in parent's pockets. What other business actually pays their customers?