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Updated RecentlySilver Cross vs Hut no. 8 Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Silver Cross vs Hut no. 8 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 | $91,700 - $201,900 |
| Franchise Fee | $25,000 | $15,000 |
| Royalty Fee | 5% | $360/mo. |
| Advertising Fee | - | - |
| Year Founded | 1993 | 2007 |
| Year Franchised | 1994 | 2009 |
| 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. | You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building |
| 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
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 Hut no. 8
Hut no. 8 offers the benefits of being part of a large chain without that whopping great price tag, and with some flexibility as to how you will run your own business. Goin' Postal Franchise Corporation has a proven track record of building successful franchisees with great branding, but at a fraction of the price of everyone else. How? We have franchisees start their business the way we start businesses; by starting off right with the necessary investment, but then letting the income from the business build it up further.
Hut no. 8 offers
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Full turn-key operations
- Fantastic Branding
- Combined chain-wide buying power
- In-depth corporate training
Industry leading technical support
- The best marketing ROI of ANY franchise system, large or small.
Thank you for your interest in joining the Hut no. 8 family! As a nationwide network of proactive, positive, and enthusiastic entrepreneurs, our franchisees are on the path to making their financial goals a reality, and we hope that you will join them and us to share in our mutual success.