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Updated RecentlySilver Cross vs Hope Chest for Breast Cancer Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Silver Cross vs Hope Chest for Breast Cancer including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $105,100 - $137,100 | $95,600 - $155,300 |
| Franchise Fee | $25,000 | N/A |
| Royalty Fee | 5% | - |
| Advertising Fee | - | - |
| Year Founded | 1993 | 2002 |
| Year Franchised | 1994 | 2006 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $5K | - |
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/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| 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 |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Silver Cross
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 Hope Chest for Breast Cancer
Hope Chest for Breast Cancer provides Emergency Assistance Grants to
support local breast cancer patients and their families. Our business
model combines the power of a foundation and revenue-generating Resale
Shop. Hope Chest for Breast Cancer combines donations, grants, event revenues and
store proceeds to provide a solid revenue stream for its mission. Hope Chest for Breast Cancer is open seven days per week and sells merchandise at a fraction of the cost because all of the items - from
evening wear to end tables - are donated from individuals or corporations.