Silver Cross vs Hock Shop Franchise Comparison

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

Start-Up Costs and Fees
 
Silver Cross Franchise
Hock Shop Franchise
Investment $105,100 - $137,100$165,000
Franchise Fee $25,000$25,000 - $50,000
Royalty Fee 5%-
Advertising Fee --
Year Founded 19931983
Year Franchised 19941993
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $5K-


Business Experience Requirements
 
Silver Cross Franchise
Hock Shop Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Silver Cross Franchise
    Hock Shop Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Silver Cross Franchise
    Hock Shop Franchise
    Training

    New franchise owners partake in a structured one month training program at the corporate store in Oakville Ontario. Learning from experienced and successful previous owners means you hit the ground running.

    		-
    Support Meetings, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Ad slicks-
    Operations ; 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Silver Cross Franchise
    Hock Shop Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Silver Cross

    Silver Cross is all about mobility products. We can help with stair lifts, porch lifts and other home medical equipment.
    We're about accessibility, mobility, aging in place, living barrier-free and keeping your freedom and independence!

    The home healthcare products market is valued at more than $4.3 billion, and is expected to continue to grow as the population continues aging, increases in lifespan occur, the cost of out of home health care and living options increase and more people wish to remain in their homes as they age. Silver Cross is the resource for recycled and new home health care equipment including stair lifts, patient lifts, scooters, wheelchairs, home elevators and wheelchair lifts.

    About Hock Shop

    Demand for quality used products escalates as Canadian consumers demand greater purchasing value and embrace recycling. This key marketing advantage is unaffected by the economy. Cash services through PayDay advance and cheque cashing add to the bottom line. We truly are the "garage sale with a guarantee" - the Evolution of Retail.
     

    We are pleased to announce that customers who are in the local area can now shop and pay for their items online and select the option to pick up at your local store using curb side pickup.

    You can now request an invoice be emailed to you. Simply call the store and let us know what you would like to pick up. An email link will take you to our secure website for payment. Payment can be made by credit or debit credit cards.

    We can now invoice you for loan payments, retail sales & layaways. Items can be picked up curb side, or shipped to your door - please call the store once payment is made. We will be happy to load your items into your vehicle.