| ||||
Updated RecentlyChildren's Orchard vs Renaissance Fine Consignment Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Children's Orchard vs Renaissance Fine Consignment including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $174,700 - $326,500 | $86,175 - $227,000 |
| Franchise Fee | $25,000 | $30,000 |
| Royalty Fee | 4% | 4% |
| Advertising Fee | $2K/yr | - |
| Year Founded | 1980 | 1997 |
| Year Franchised | 1985 | 2010 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $3K | - |
Business Experience Requirements |
||
| Experience | Renaissance Consignment is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Love working with Retail and Fashion *Minimum financial net worth of $75,000 | |
Financing Options |
||
| 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 |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
| Operations |
15.6% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Children's Orchard
Former flight attendant Karen Lynch opened the first Children's Orchard store in 1980. Each store buys and sells used children's clothes, toys and other items, selling them for 50 to 80 percent less than retail. The first Children's Orchard franchise opened in 1985, and it now has locations across the United States.
At Children’s Orchard we believe we can be the difference in the world. By recycling and reusing current kids gear we are creating a sustainable lifestyle that you will be proud to be a part of. You can find like new children’s clothing, shoes, accessories, toys and equipment at up to 70% off mall store prices. All of items are gently loved, and actually like new. We pay you cash on the spot for your children’s gear and buy items that are in good condition and are current styles.
- Veteran Incentives $2,500 off franchise fee
About Renaissance Fine Consignment
Renaissance is using a business model based on over 13 years of operational experience in the high-end consignment field. With the Renaissance Fine Consignment franchise you can build a very successful business using our expertise and knowledge in this industry.Renaissance Fine Consignment is an industry innovator for retail consignment. The Renaissance Fine Consignment business model combines the best of all worlds, an exciting
and fun retail business model, no need to worry about expensive inventory and high investment costs, Renaissance has designed the PERFECT retail business model. By using the specific
consigning process and pricing strategies, as a Renaissance Fine Consignment team member,
you will not need to invest in inventory and expensive trends...the consigners help you manage
what will sell and what you should carry.
To be every shopper's favorite place to buy high end clothing and retail items and provide a
truly enlightening shopping experience, Renaissance Fine Consignment chooses only the best people to be Renaissance Fine Consignment franchisees. Our franchise partners are
committed to delivering the highest quality products to customers in the most exciting retail
environment possible. Renaissance is setting a new standard of customer experience and
expectations for the Consignment Industry. From the quality of the items we offer customers
to the care that our staff provides customers who visit the locations, our Renaissance Fine Consignment franchise partners will proudly strive to deliver a great customer experience in
every location across America, every time.
The Renaissance Fine Consignment corporate team is dedicated to ensuring the success of the Renaissance Fine Consignment franchisees so Renaissance Fine Consignment can become
every shopper's favorite place to visit. The Renaissance Fine Consignment corporate team has a variety of backgrounds, including operations, real estate, marketing, public relations, human
resources, purchasing and information technology. The Renaissance Fine Consignment team
specializes in helping Renaissance Fine Consignment franchisees during pre-opening, grand
opening and provides on-going support.
Renaissance Fine Consignment succeeds if our franchisees succeed, and we are committed
to your success! The Renaissance Fine Consignment franchise team will provide you with the systems, resources and support you need to operate your business successfully.