Boomerang Kids vs Style Encore Franchise Comparison

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

Start-Up Costs and Fees

 
Boomerang Kids Franchise
Style Encore Franchise
Investment $167,000 - $240,000$264,200 - $398,400
Franchise Fee $35,000$25,000
Royalty Fee 5%5%
Advertising Fee 1%-
Year Founded 19942013
Year Franchised 20112013
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee -$5K


Business Experience Requirements

 
Boomerang Kids Franchise
Style Encore 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.

To be a successful Style Encore franchisee requires proper capitalization, hard work and people skills. It isn't for everyone. While having knowledge of fashion is helpful, our comprehensive training program will provide you with the tools and skills you need to be successful. If you are motivated, organized, enjoy working with the public, and can diligently follow our proven system, you are a good candidate for a Style Encore franchise.


Financing Options

 
Boomerang Kids Franchise
Style Encore Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Boomerang Kids Franchise
Style Encore Franchise
Training 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

Winmark provides over 75 hours of classroom instruction and in-store training on the following: business plans, retail site selection, store set-up, computer training, advertising and marketing, and store operations. Our computer support center offers access to technicians who provide assistance with hardware, software and operational questions seven days a week.

Support *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 *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 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations 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

 
Boomerang Kids Franchise
Style Encore Franchise
US Expansion -Yes
Canada Expansion YesYes
International Expansion -No

Company Overviews

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.
 
New and nearly new baby, children's and maternity items including clothing, toys, books and equipment. 8 locations, online shopping and expanding rapidly!
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?

About Style Encore

Thank you for your interest in becoming a member of the Style Encore franchise family. Style Encore offers a truly unique retail franchise opportunity, as it is the newest brand to the Winmark family. Winmark is the top re-sale franchisor in the country, with a proven track record - over 965 successful small businesses operating in North America. Style Encore joins the current industry top brands such as Plato's Closet, Once Upon A Child, Play It Again Sports and Music Go Round. Style Encore rounds out the rest of the Winmark family by specializing in buying and selling gently-used casual and business apparel and accessories for women in their late 20's to mid 50's. Women like to have trendy, fashionable pieces in their closet for every occasion. Style Encore gives them the resource to sell items that they no longer wear, get paid cash on spot, and purchase new items at a tremendous value - at up to 50-70% off regular retail! Making the decision to be your own boss and be in control of your future is an exciting adventure, and we appreciate being considered in your business search. If you have a passion for fashion, interacting with customers, recycling product, or simply excited about learning how you can build a business for yourself, Style Encore may be the business for you!