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Updated RecentlyWhimsy vs Chhabra 555 Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Whimsy vs Chhabra 555 including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $75,000 - $180,000 | $120,000 |
| Franchise Fee | $25,000 | N/A |
| Royalty Fee | 6% | 0 |
| Advertising Fee | N/A | 0 |
| Year Founded | 2003 | 1954 |
| Year Franchised | 2008 | 2005 |
| 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 | - | *Once a Dealer has selected a location, duly approved by Chhabra 555, the technical staff will assist the Dealer by designing a workable layout for the showroom. *The technical team will also provide complete assistance in store design and visual merchandising. *Chhabra 555 has a highly refined and efficient supply chain system based on its entire experience. There is all year round availability of stocks, which have been designed and manufactured in various parts of the world, exclusively for Chhabra 555. *Accounting Software for efficient billing and inventory management functions will be provided by Chhabra 555. *The company lays a lot of stress on its branding and marketing strategy. The content & design of all marketing, advertising and promotional collateral is provided by its competent designing team as per requirement. *The pre-printed stationary for bills and visiting cards will be provided by Chhabra 555. *If desired by the Dealer, Chhabra 555 will depute staff for training and for any other purpose at the showroom of the Dealer at the cost of the Dealer. *Operational support is provided by a professional team, which guides the Dealer in operating his/her business and provides any kind of problem-solving or troubleshooting assistance as required. |
| Marketing | - | - |
| Operations | - | *The Dealer shall be the owner of his own business and shall own or take on lease premises on his own for establishing the showrooms and will be responsible for all the statutory obligations in the territory. *The Dealer will have to pay an upfront amount equivalent to 40% of the sale value of stock provided by Chhabra 555 and provide a Bank Guarantee for the balance 60%. *The Dealer must maintain the store layout and design as per the specifications laid down by Chhabra 555. The furniture and fixtures will be according to the company plan for maintaining symmetry about the brand image. *The Dealer will be responsible for all the day-to-day expenditures and outlays for running the business operations smoothly and efficiently. *The Dealer will follow all the procedures and modus operandi as laid down by the agreement and as per the company policy. |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
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
About Chhabra 555
Chhabra 555 wishes to continue extending its footprint across India and is seeking to appoint Dealers across the length and breadth of the country. We are searching for strong business partners to be appointed as Dealers for their respective territories, who would share our vision and passion to grow the brand and business to greater heights. As part of Chhabra 555 family, you will be part of a family that sets the standards high and offers the complete package. From the day you sign the agreement we are by your side to help you run your business efficiently and profitably. * The initial contract will be for a term period of 5 years. It can be renewed thereafter by mutual consent. * The showrooms must be located in high footfall areas and should have an area of about 2000 sq. ft.