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Updated RecentlyComputer Renaissance vs Boomerang Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Computer Renaissance vs Boomerang Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $134,000 - $205,000 | $167,000 - $240,000 |
| Franchise Fee | $25,000 | $35,000 |
| Royalty Fee | 3-5% | 5% |
| Advertising Fee | - | 1% |
| Year Founded | 1988 | 1994 |
| Year Franchised | 1993 | 2011 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | Applicants should have net worth exceeding $250,000, including at least $75,000 in cash or liquid assets (non-retirement stocks and bonds, etc), and another $150,000 or in assets to be used as collateral to obtain appropriate financing. Proof of financial networth and assets will be required as you move forward in our franchise process. A successful Boomerang Kids franchisee requires money, hard work and patience. It isn�t for everybody. Having knowledge of children�s products is very helpful, as is a great appreciation for kids and families. If you are motivated, organized, enjoy helping people and strive for excellence in customer service and can diligently follow our system, you are a good candidate for a Boomerang Kids franchise. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | Comprehensive training program using lecture-style and in-store training, including manuals for tagging and processing clothes, the computer systems, and store operations and customer service Instruction includes how to buy, consign, process and tag consignment items, sell, service, market, advertise, hire staff, buy, control and turn inventory, manage cash flow and more |
| Support | - | *Development of a comprehensive, 3-year financial business plan with monthly data *Pro-forma scenario-based planning *Financing options, preparing for loan applications *Site evaluation, market analysis, demographic review *Negotiation and "offer to lease" assistance *Store design, floor-planning and merchandising strategies *In-store set-up *Back-office set-up assistance, including consignment and point of sale computer system, guidance on banking procedures and supplier management *Initial inventory selection *Grand Opening assistance *On-site store opening assistance |
| Marketing | - | *Assistance with opening inventory and supplemental inventory thereafter *Preferred vendor management and guidance on new product sourcing *Guidance on product valuations and market conditions *Marketing and advertising resources *Updates to our website - www.boomerangkids.ca - with selected content tailored to your store location |
| Operations | - | Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | Yes |
| International Expansion | No | - |
Company Overviews
About Computer Renaissance
With constant upgrades to computers in both the hardware and software fields, you can ensure your spot in a highly the innovative computer industry by becoming part of a continuing market demand. No other computer franchise opportunity benefits more from change than here at Computer Renaissance. We are a full service computer retail store specializing in customer solutions ~ quality refurbished and new personal computer hardware, software and related accessories. Our stores also provide custom built computers, system upgrades and superior technical services to its clientele both in-store and on-site. We service both the consumer and the Small to Medium Business customer.Computer Renaissance operates its franchise system in nearly 100 retail outlets throughout the U.S. We are looking to continue growing our franchise system in North America (soon internationally) and are currently seeking qualified professionals with energy, drive and enthusiasm who are capable of using our systems and support to further their own success.Computer Renaissance has been working with entrepreneurs and professionals from various backgrounds to build strong and successful franchises. With almost two decades of experience, we can provide our independent franchises the direction that helps them achieve the goals they have for their business. If you want to be in business for yourself but not by yourself and love technology and helping people, talk to us about the opportunity we have available for you.
About Boomerang Kids