|
Below is an in-depth analysis and side-by-side comparison of Scout and Molly's Boutique vs Change Lingerie including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $252,300 - $301,000 | $100,000 - And Up |
Franchise Fee | $50,000 | $35,000 |
Royalty Fee | 5.5%-6% | - |
Advertising Fee | 1% | - |
Year Founded | 2002 | 2006 |
Year Franchised | 2014 | 2008 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 24 hours Classroom Training: 24 hours | Pre-opening and ongoing |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Ad Templates Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 4 | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | - | Yes |
International Expansion | - | Yes |
Lisa Kornstein Kaufman credits her drive and nerve for bringing the dreams of owning a business to fruition. Like many, Lisa was initially hesitant and thought becoming an entrepreneur was unattainable due to the overwhelming amount of research and time it takes to start a business from the ground up.Yet she followed her project with a purpose and in 2002 opened her first Scout & Molly’s Boutique.
Lisa and her concept were welcomed by women who not only raved about the boutique’s ambiance, service, and merchandise, but who also inquired about how they could open their own Scout & Molly’s Boutique location.Scout & Molly’s Boutique wants this to become a reality for more entrepreneurs by providing their franchisees with a proven system complete with support for inventory and purchasing control, training in technology and general retail operations, plus real estate and marketing assistance. Scout & Molly’s Boutique is a niche within the retail industry and is poised to be a national leader in the retail boutique industry, giving you the opportunity to own a fun, enjoyable and highly lucrative franchise!
Now you can say your personal closet is 1,200 square feet!
Do you want to become a part of a strong and successful brand? Now is your chance to get your own Change store and create your own success! Change of Scandinavia A/S is an international lingerie chain, which has achieved high growth and global success since the company was founded in 1995. We are known for a wide selection of quality lingerie in many sizes, designs and price ranges - and for world class service. Our success rests on a powerful franchise concept, which has made it possible for us to open stores around the world. To maintain this success we need YOU! As a franchisee you can be independent and at the same time enjoy all the benefits of being part of a larger chain with a well known concept that is based on a tailor made retail concept with great potential. Contact us on [email protected] if you would like to know more about the possibilities to become a franchisee at Change.