| ||||
Updated RecentlyUptown Cheapskate vs Boomerang Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Uptown Cheapskate vs Boomerang Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $301,579 - $491,579 | $167,000 - $240,000 |
| Franchise Fee | $25,000 | $35,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 0.5% | 1% |
| Year Founded | 2008 | 1994 |
| Year Franchised | 2008 | 2011 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| 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 |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/Yes | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/Yes | -/- |
| Payroll | -/Yes | -/- |
Training & Support |
||
| Training | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store | 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 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 | Number of Employees Required to Run: 5 - 9 | 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 | - | - |
| Canada Expansion | - | Yes |
| International Expansion | - | - |
Company Overviews
About Uptown Cheapskate
Searching for a subsidence safe business? Do you appreciate a fun in vogue retail environment? Does owning your own particular resale dress boutique energize you? At that point Uptown Cheapskate may be an immaculate fit! Uptown gives an energizing retail opportunity in the resale business, focusing on clients ages 14 to 25. The Uptown approach makes an upscale look and feel while giving an extraordinary support of its clients with name mark previously owned garments and frill.
Owning an Uptown Cheapskate establishment gives you an ensured geographic range with support in the accompanying zones:
Site Selection/Lease Negotiation: With more than 20 years of rent arrangement encounter this is a claim to fame we offer you to arrange a positive rent.
Start-Up: An accomplished delegate from the corporate office will help you with business arranging, acquiring an advance, form out, and will even turn out to your area and help you amid your Grand Opening end of the week!
Preparing: Training is held for 11 days at the corporate preparing focus in Salt Lake City. Other new store proprietors will go to too so you're not the only one as far as you can tell.
PC IT Support: IT bolster work force are accessible to help you with framework set up and any issues that tag along the way.
This business is not for everybody, keeping in mind we are focused on giving first rate administration and making things basic for you we likewise need you to realize that it won't be simple! In any case, for the perfect individual owning an Uptown Cheapskate establishment can be profoundly fulfilling.
Seeking new franchise units throughout the U.S., Australia/New Zealand, Canada, Central America, Eastern and Western Europe Mexico and South America.
Veteran Incentives 20% off franchise fee
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Boomerang Kids