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Below is an in-depth analysis and side-by-side comparison of Levi's vs Whimsy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $500,000 | $75,000 - $180,000 |
Franchise Fee | $50,000 | $25,000 |
Royalty Fee | - | 6% |
Advertising Fee | - | N/A |
Year Founded | 1873 | 2003 |
Year Franchised | 0 | 2008 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | 20% of current franchise 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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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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 | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
We believe that clothes - and how you make them - can make a difference.
Levi's has a well-established business based on years of upholding a business culture framed around strong values and hard work. In 1965 it opened up its International Division and since then has been franchising extensively. The first Original Levi's Store outside of the U.S. was established in Spain in 1983. Since then it has grown successfully across 110 countries. Franchising is crucial to the success of the business, as half of its net revenue comes from outside the U.S.
Levi's presence is quite prominent in the U.S., Canada, Western Europe and Japan. Its headquarters for dealing with business in the Americas is in San Francisco,with the European headquarters located in Brussels. In 2011 CEO Chip Burgh cut down on 150 franchises in India, because there were quite a few only operating one or two stores. Now there are only 22 franchises which operate a larger number of stores, increasing efficiency.
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