Clothes Mentor vs Boomerang Kids Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Clothes Mentor vs Boomerang Kids including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Clothes Mentor Franchise
Boomerang Kids Franchise
Investment $219,000 - $344,000 $167,000 - $240,000
Franchise Fee $20,000 $35,000
Royalty Fee 4% 5%
Advertising Fee $2K/yr 1%
Year Founded 2001 1994
Year Franchised 2007 2011
Term Of Agreement 10 Years -
Term Of Agreement 10 Years -
Renewal Fee $10K -


Business Experience Requirements

 
Clothes Mentor Franchise
Boomerang Kids Franchise
Experience - Applicants should have net worth exceeding $250,000, including at least $75,000 in cash or liquid assets (non-retirement stocks and bonds, etc), and another $150,000 or in assets to be used as collateral to obtain appropriate financing. Proof of financial networth and assets will be required as you move forward in our franchise process. A successful Boomerang Kids franchisee requires money, hard work and patience. It isn’t for everybody. Having knowledge of children’s products is very helpful, as is a great appreciation for kids and families. If you are motivated, organized, enjoy helping people and strive for excellence in customer service and can diligently follow our system, you are a good candidate for a Boomerang Kids franchise.

Financing Options

 
Clothes Mentor Franchise
Boomerang Kids Franchise
  In-House/3rd Party In-House/3rd Party
Franchise Fees -/- -/-
Start-up Costs -/- -/-
Equipment -/Yes -/-
Inventory -/Yes -/-
Receivables -/- -/-
Payroll -/- -/-

Training & Support

 
Clothes Mentor Franchise
Boomerang Kids Franchise
Training On-The-Job Training: 20 hours Classroom Training: 63 hours Comprehensive training program using lecture-style and in-store training, including manuals for tagging and processing clothes, the computer systems, and store operations and customer service Instruction includes how to buy, consign, process and tag consignment items, sell, service, market, advertise, hire staff, buy, control and turn inventory, manage cash flow and more
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform *Development of a comprehensive, 3-year financial business plan with monthly data *Pro-forma scenario-based planning *Financing options, preparing for loan applications *Site evaluation, market analysis, demographic review *Negotiation and "offer to lease" assistance *Store design, floor-planning and merchandising strategies *In-store set-up *Back-office set-up assistance, including consignment and point of sale computer system, guidance on banking procedures and supplier management *Initial inventory selection *Grand Opening assistance *On-site store opening assistance
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app *Assistance with opening inventory and supplemental inventory thereafter *Preferred vendor management and guidance on new product sourcing *Guidance on product valuations and market conditions *Marketing and advertising resources *Updates to our website - www.boomerangkids.ca - with selected content tailored to your store location
Operations * 50% of all franchisees own more than one unit

* Number of employees needed to run franchised unit: 8

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

Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations.

Expansion Plans

 
Clothes Mentor Franchise
Boomerang Kids Franchise
US Expansion Yes -
Canada Expansion - Yes
International Expansion - -

Start-Up Costs and Fees Mobile

Investment
Clothes Mentor Franchise
$219,000 - $344,000
Boomerang Kids Franchise
$167,000 - $240,000
Franchise Fee
Clothes Mentor Franchise
$20,000
Boomerang Kids Franchise
$35,000
Royalty Fee
Clothes Mentor Franchise
4%
Boomerang Kids Franchise
5%
Advertising Fee
Clothes Mentor Franchise
$2K/yr
Boomerang Kids Franchise
1%
Year Founded
Clothes Mentor Franchise
2001
Boomerang Kids Franchise
1994
Year Franchised
Clothes Mentor Franchise
2007
Boomerang Kids Franchise
2011
Term Of Agreement
Clothes Mentor Franchise
10 Years
Boomerang Kids Franchise
-
Renewal Fee
Clothes Mentor Franchise
$10K
Boomerang Kids Franchise
-


Business Experience Requirements

Experience
Clothes Mentor Franchise
-
Boomerang Kids Franchise
Applicants should have net worth exceeding $250,000, including at least $75,000 in cash or liquid assets (non-retirement stocks and bonds, etc), and another $150,000 or in assets to be used as collateral to obtain appropriate financing. Proof of financial networth and assets will be required as you move forward in our franchise process. A successful Boomerang Kids franchisee requires money, hard work and patience. It isn’t for everybody. Having knowledge of children’s products is very helpful, as is a great appreciation for kids and families. If you are motivated, organized, enjoy helping people and strive for excellence in customer service and can diligently follow our system, you are a good candidate for a Boomerang Kids franchise.

Financing Options

  In-House/3rd Party
Franchise Fees
Clothes Mentor Franchise
-/-
Boomerang Kids Franchise
-/-
Start-up Costs
Clothes Mentor Franchise
-/-
Boomerang Kids Franchise
-/-
Equipment
Clothes Mentor Franchise
-/Yes
Boomerang Kids Franchise
-/-
Inventory
Clothes Mentor Franchise
-/Yes
Boomerang Kids Franchise
-/-
Receivables
Clothes Mentor Franchise
-/-
Boomerang Kids Franchise
-/-
Payroll
Clothes Mentor Franchise
-/-
Boomerang Kids Franchise
-/-

Training & Support

Training
Clothes Mentor Franchise
On-The-Job Training: 20 hours Classroom Training: 63 hours
Boomerang Kids Franchise
Comprehensive training program using lecture-style and in-store training, including manuals for tagging and processing clothes, the computer systems, and store operations and customer service Instruction includes how to buy, consign, process and tag consignment items, sell, service, market, advertise, hire staff, buy, control and turn inventory, manage cash flow and more
Support
Clothes Mentor Franchise
Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Boomerang Kids Franchise
*Development of a comprehensive, 3-year financial business plan with monthly data *Pro-forma scenario-based planning *Financing options, preparing for loan applications *Site evaluation, market analysis, demographic review *Negotiation and "offer to lease" assistance *Store design, floor-planning and merchandising strategies *In-store set-up *Back-office set-up assistance, including consignment and point of sale computer system, guidance on banking procedures and supplier management *Initial inventory selection *Grand Opening assistance *On-site store opening assistance
Marketing
Clothes Mentor Franchise
Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Boomerang Kids Franchise
*Assistance with opening inventory and supplemental inventory thereafter *Preferred vendor management and guidance on new product sourcing *Guidance on product valuations and market conditions *Marketing and advertising resources *Updates to our website - www.boomerangkids.ca - with selected content tailored to your store location
Operations
Clothes Mentor Franchise
* 50% of all franchisees own more than one unit

* Number of employees needed to run franchised unit: 8

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

Boomerang Kids Franchise
Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations.

Expansion Plans

US Expansion
Clothes Mentor Franchise
Yes
Boomerang Kids Franchise
-
Canada Expansion
Clothes Mentor Franchise
-
Boomerang Kids Franchise
Yes
International Expansion
Clothes Mentor Franchise
-
Boomerang Kids Franchise
-

Company Overviews

About Clothes Mentor

Clothes Mentor is one of the fastest growing franchises in America!
 * Resale format means up to 60% profit margins
 * Franchise Support from our team of experts
 * Model has proven success in a variety of markets
 * Training to help first-time franchise owners
 * 32% of franchisees now own multiple stores
 * 33% of franchise owners see $100-368K net profit!
 * Clothes Mentor is one of the most lucrative franchise options in the market today.
Explore our Franchise section to see what it takes to start a Clothes Mentor franchise of your own!
Resale Clothing Franchises have proven effective, even in a down economy. Grab your piece of the resale clothing franchise market today by contacting our Franchise Development Experts!
Clothes Mentor is a resale clothing franchise. Our stores focus on buying and selling womens designer clothes, shoes, jewelry, and accessories. The Clothes Mentor clothing franchise is focused on the resale of designer and brand name clothing and accessories. To contact us about owning a Clothes Mentor Resale Clothing Franchise, please go to http://www.clothesmentor.com/franchise/

Veteran Incentives  $2,500 rebate on franchise fee

About Boomerang Kids

Run a well-established business with an exceptional brand. With 18 years in business, and 4 stores in Ottawa, Boomerang Kids is known for affordable and high quality children's clothing, baby gear, toys, books and dvds. Boomerang Kids is the destination for resale shopping, as well as for those new and trendy must-have accessories and toys ...be the captain of your own ship, with the flexibility you need for your family. Boomerang Kids owners are their own boss, and can prioritize their time as they wish. Owners do work hard, but the seasonal qualities of the business allow for personal and family time ...help make our planet a better place. The market growth of the resale industry is outpacing regular retail as more people realize we don’t need to buy everything new, and we all benefit from reusing and recycling ...help support and strengthen your community. Boomerang Kids donates children's items to local families in need. ...put money back in parent's pockets. What other business actually pays their customers?