Hannoush Jewelers vs MODE Franchise Comparison

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

Start-Up Costs and Fees

 
Hannoush Jewelers Franchise
MODE Franchise
Investment $291,000 - $717,000$171,000 - And Up
Franchise Fee $20,000$30,000
Royalty Fee 4%6%
Advertising Fee -1%
Year Founded 19802007
Year Franchised 19952011
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Hannoush Jewelers Franchise
MODE Franchise
Experience --

Financing Options

 
Hannoush Jewelers Franchise
MODE Franchise
  In-House/3rd PartyIn-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
MODE Franchise
Training -

Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee.

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
MODE Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion No-

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 MODE

MODE is a designer outlet in a boutique environment and Home of the $40 Designer Jean. We are a Fargo, ND based company and currently have 12 locations across the Midwest and SC. MODE is unique in that is take the outlet concept and merges it with a boutique environment to make it a special shopping experience, unlike any other.