Whimsy vs Monkee's Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Whimsy vs Monkee's including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Whimsy Franchise
Monkee's Franchise
Investment $75,000 - $180,000$270,981 - $464,977
Franchise Fee $25,000$50,000
Royalty Fee 6%5%
Advertising Fee N/A1%
Year Founded 20031995
Year Franchised 20082011
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 20% of current franchise fee-


Business Experience Requirements

 
Whimsy Franchise
Monkee's Franchise
Experience --

Financing Options

 
Whimsy Franchise
Monkee's Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Whimsy Franchise
Monkee's Franchise
Training We provide you an initial training program that covers material aspects of the operation of the franchised business. The topics covered are listed in the chart below. This training is offered on an as needed basis at our headquarters in Salt Lake City, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option.On-The-Job Training: 32 hours Classroom Training: 30 hours
Support -Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection
Marketing -Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations --

Expansion Plans

 
Whimsy Franchise
Monkee's Franchise
US Expansion Yes-
Canada Expansion --
International Expansion --

Company Overviews

About Whimsy

There are two establishment openings with Whimsy:

Block and Cement ~ Open up your own particular area and we'll give the foundation to you to flourish. Marking, mailing records, stock and years of experience give all that you have to succeed.

Eccentricity on Wheels ~ Take Park City's best boutique out and about. The Whimsy trailer is anything but difficult to take wherever the general population are social event. Exploit the group at jubilees and occasions with less venture than a customer facing facade.

Whimsy Clothing has 5 Locations and represents considerable authority in FUN, AFFORDABLE shopping. We have extraordinary skirts, dresses, adornments, shoes, pants and nuts and bolts to offer a total shopping knowledge. We have in vogue and contemporary dress to fit both the working lady and additionally the housewife or the understudy on a financial plan. We comprehend that all ladies want to look great and can rest easy. Having a store that spotlights on holding costs down and looks sharp and current is imperative to Whimsy. We realize that ladies need to feel great in what they purchase and also liking the cost. Eccentricity backings and conveys numerous neighborhood specialists and originators and it consistently finding new sellers to keep our stock new and new. Come see what everybody is discussing!!
 Average cost of inventory to open $45,000.00 Hardware cost for racks/cash wrap $10,000
At this point we are opening for under $85,000 and can have a store turn-key within 4weeks

About Monkee's

An upscale, girlie, always in style boutique where the owner desired to give her customers the ultimate shopping experience - and even know them by name!
It did not take long for the word to spread, and soon Monkee’s of Wilmington was a destination! A second store was opened only a short time later in Winston-Salem, North Carolina by Brenda Maready, the co-owner of Monkee’s Franchising, LLC. The Monkee’s brand has become synonymous with personalized customer service and cutting edge designer fashion. Instead of shopping at big department stores, customers travel to Monkee’s for an intimate shopping experience. At Monkee’s, it has never been just about the sale; it’s about helping a friend walk out feeling beautiful and looking her best.