Hannoush Jewelers vs Discount Clothing Store Developers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hannoush Jewelers vs Discount Clothing Store Developers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Hannoush Jewelers Franchise
Discount Clothing Store Developers Franchise
Investment $291,000 - $717,000 $66,900 - And Up
Franchise Fee $20,000 N/A
Royalty Fee 4% -
Advertising Fee - -
Year Founded 1980 -
Year Franchised 1995 -
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee - -


Business Experience Requirements

 
Hannoush Jewelers Franchise
Discount Clothing Store Developers Franchise
Experience - -

Financing Options

 
Hannoush Jewelers Franchise
Discount Clothing Store Developers Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees No/No -/-
Start-up Costs No/No -/-
Equipment No/No -/-
Inventory No/No -/-
Receivables Yes/No -/-
Payroll No/No -/-

Training & Support

 
Hannoush Jewelers Franchise
Discount Clothing Store Developers Franchise
Training - Training begins well before, and continues well after, the opening of the store. The storeowner will be assigned a trainer from our corporate offices. The training program includes a complete review of the comprehensive operations manual and other materials including: Store Build Out and Preparation Cash Management Hours of Operation Inventory Order and Control Merchandise Ordering Merchandising Store security Employee Handbook Customized training can be done telephonically or a combo of class room training at our corporate headquarters is available.
Support Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations -
Marketing Co-op advertising -
Operations 20% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 4

Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

-

Expansion Plans

 
Hannoush Jewelers Franchise
Discount Clothing Store Developers Franchise
US Expansion Yes Yes
Canada Expansion No -
International Expansion No -

Start-Up Costs and Fees Mobile

Investment
Hannoush Jewelers Franchise
$291,000 - $717,000
Discount Clothing Store Developers Franchise
$66,900 - And Up
Franchise Fee
Hannoush Jewelers Franchise
$20,000
Discount Clothing Store Developers Franchise
N/A
Royalty Fee
Hannoush Jewelers Franchise
4%
Discount Clothing Store Developers Franchise
-
Advertising Fee
Hannoush Jewelers Franchise
-
Discount Clothing Store Developers Franchise
-
Year Founded
Hannoush Jewelers Franchise
1980
Discount Clothing Store Developers Franchise
-
Year Franchised
Hannoush Jewelers Franchise
1995
Discount Clothing Store Developers Franchise
-
Term Of Agreement
Hannoush Jewelers Franchise
10 years
Discount Clothing Store Developers Franchise
-
Renewal Fee
Hannoush Jewelers Franchise
-
Discount Clothing Store Developers Franchise
-


Business Experience Requirements

Experience
Hannoush Jewelers Franchise
-
Discount Clothing Store Developers Franchise
-

Financing Options

  In-House/3rd Party
Franchise Fees
Hannoush Jewelers Franchise
No/No
Discount Clothing Store Developers Franchise
-/-
Start-up Costs
Hannoush Jewelers Franchise
No/No
Discount Clothing Store Developers Franchise
-/-
Equipment
Hannoush Jewelers Franchise
No/No
Discount Clothing Store Developers Franchise
-/-
Inventory
Hannoush Jewelers Franchise
No/No
Discount Clothing Store Developers Franchise
-/-
Receivables
Hannoush Jewelers Franchise
Yes/No
Discount Clothing Store Developers Franchise
-/-
Payroll
Hannoush Jewelers Franchise
No/No
Discount Clothing Store Developers Franchise
-/-

Training & Support

Training
Hannoush Jewelers Franchise
-
Discount Clothing Store Developers Franchise
Training begins well before, and continues well after, the opening of the store. The storeowner will be assigned a trainer from our corporate offices. The training program includes a complete review of the comprehensive operations manual and other materials including: Store Build Out and Preparation Cash Management Hours of Operation Inventory Order and Control Merchandise Ordering Merchandising Store security Employee Handbook Customized training can be done telephonically or a combo of class room training at our corporate headquarters is available.
Support
Hannoush Jewelers Franchise
Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations
Discount Clothing Store Developers Franchise
-
Marketing
Hannoush Jewelers Franchise
Co-op advertising
Discount Clothing Store Developers Franchise
-
Operations
Hannoush Jewelers Franchise
20% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 4

Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Discount Clothing Store Developers Franchise
-

Expansion Plans

US Expansion
Hannoush Jewelers Franchise
Yes
Discount Clothing Store Developers Franchise
Yes
Canada Expansion
Hannoush Jewelers Franchise
No
Discount Clothing Store Developers Franchise
-
International Expansion
Hannoush Jewelers Franchise
No
Discount Clothing Store Developers Franchise
-

Company Overviews

About Hannoush Jewelers

Hannoush Jewelers' philosophy is one of personal attention to detail and family ownership. With the careful guidance of the Hannoush family, the first Hannoush Jewelers store launched in Massachusetts in 1980. The Hannoush Jewelers network today includes more than 50 company-owned and franchised stores throughout the United States. Hannoush Jewelers believes that a company can only be as good as the people who represent it daily. We have over 400 professionally trained employees who provide expert purchase advice to customers at stores in freestanding locations and fine malls.



About Discount Clothing Store Developers

Discount Clothing Store Developers is a business opportunity, NOT A FRANCHISE! The owner and management staff of Discount Clothing Store Developers has owned and operated retail stores for many years, so we fully understand what is necessary for storeowners to be the most successful. Based on our knowledge and expertise, we will guide you in structuring your retail operation providing the basis of how to conduct business. Elements such as human resources finding and keeping productive trustworthy employees, to budgeting for financial stability and growth potential, and effective cost-minded marketing; these items are the foundation for any successful business. In addition, we know what merchandise to provide to the stores, how to merchandise it in a professional manner creating demand, and when to start the closeout process preparing for the next seasonal session. All of these elements provide for a proper inventory flow allowing for the greatest opportunity for profit and long term success. Merchandise pricing strategies is another key ingredient to success. History has shown us that with proper pricing schemes you create a desire for your customer to spend more than they anticipated by using "2 for" pricing, multi-unit discounting, and clearly showing your discounted pricing verses MSRP. After analysis of your market and rent structure, we will recommend the pricing formula to you with the greatest net revenue projection considering all relevant factors.