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Below is an in-depth analysis and side-by-side comparison of Kid to Kid vs Beat The Bookstore including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $300,825 - $488,825 | $138,850 - $348,050 |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 0.5% | - |
Year Founded | 1992 | - |
Year Franchised | 1994 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 25% of 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 | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing location | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
International franchisees required to buy multiple units/master licenses; 31% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Shauna Sloan dragged her significant other Brent into an upscale youngsters' resale store in 1992. As a lawyer and strip mall official, Brent was shocked by the second-hand store's chic customer base. Persuaded that no administrator had completely amplified the capability of the resale idea, the Sloans set out to make a kids' resale organize, making a trip crosscountry to visit stores and converse with clients, supervisors and proprietors. Later that same year, the Sloans opened their first store in Sandy, Utah. They opened a moment store inside the year, with the principal establishment area opening in 1994.
Kid to Kid is an energizing and element establishment that is not simply retreat verification -"it is subsidence prosperous, with a model that interests to families from each level of pay.Kid to Kid has flourished throughout the most recent two decades from a family's basic thought into an energizing shopping background that consolidates the retail force of resale with a world class shopping knowledge.
Today, Kid to Kid is a compel in the retail space, with a demographic that extends past the run of the mill resale customer profile. We are keeping on achieving record highs in benefits and deals. Joining our establishment family as of now could introduce the ideal open door for you to possess your own particular business while additionally finding autonomy and soundness through a flourishing business that increases the value of your group.
Seeking new franchise units throughout the U.S.,
Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, South America and Western Europe
When our first store opened, it created a wild excitement amongst
students as they flooded our store. They sold their used books to us and
bought new ones and on their way out, they took plenty of our business
cards and distributed around the campus.
Professors went ahead to inform students about our cheap book sales,
parking shuttle drivers did their bit over the PA system, the campus
help desk directed the students to us and passed out our business cards.
Even the employees of the campus bookstore came in to buy from us and
sell their textbooks as well.