|
Below is an in-depth analysis and side-by-side comparison of Silver Cross vs Other Mothers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $105,100 - $137,100 | $140,176 - $202,176 |
Franchise Fee | $25,000 | $24,999 |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 1993 | - |
Year Franchised | 1994 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
||
Experience | Owner/operators or investors with solid operators in mind who possess the following: Ability to learn, yet follow a proven system. Financial capability. A belief in OTHER MOTHERS\TRENDY TRADES to provide highest quality possible for price that moves the merchandise quickly and allows the owners to make their profits in high-volume rather than high prices. A passion for providing merchandise in a clean and friendly store with the look and feel of a new store. |
|
Financing Options |
||
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 |
||
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 |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |