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Updated RecentlyBoomerang Kids vs Rhea Lana Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Boomerang Kids vs Rhea Lana including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $167,000 - $240,000 | $19,050 - $38,950 |
| Franchise Fee | $35,000 | $10,000 - $13,500 |
| Royalty Fee | 5% | 3%-1% |
| Advertising Fee | 1% | - |
| Year Founded | 1994 | 1997 |
| Year Franchised | 2011 | 2008 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| 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 |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| 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 | On-The-Job Training: 39 hours Classroom Training: 13 hours Additional Training: As needed |
| 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 | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software |
| 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 | Ad Templates National Media Regional Advertising Social media Website development Email marketing |
| 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 |
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| US Expansion | - | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
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 Rhea Lana
- An established children's clothing event can provide the income of a regular paying job, at the least. It's true. Working two-three months per year on a successful sale in a mid-sized market can beat a full-time job, leaving more time and flexibility for you and your family (during the down times!)
- Children's clothing events are needed, especially in "down" economies. Instead of a specialty niche franchise which requires women to have spare income, moms will ALWAYS buy cute clothing for their children. These events are biggest when the dollars are stretched the farthest.
- No Overselling. Many franchise businesses can't be truthful about this. Everyone knows - children need cute clothes.
- Rhea Lana Riner has been holding very successful Children's Clothing Consignment events for 17 years. Our experience and high standards mean that our events are organized, streamlined and most of all - profitable! We hold six flagship events per year in relatively small to medium-sized markets - all very profitable.
- Rhea Lana is an expert, and you'll be working with her and her great support team. With six successful events annually and seventeen years of experience Rhea Lana is the best. Rhea Lana's franchisees will receive an exhaustive manual detailing the secrets to a successful event.
- Rhea Lana's® is the original and best online tagging system available. No one has been bar-coding online longer and settling back to consignors more quickly than Rhea Lana's®. A Rhea Lana's® Franchisee will have the highest quality sale in her market. A Rhea Lana's® sale attracts the high value items which moms can't wait to buy.
- A Rhea Lana's® Franchise is reasonably priced. Rhea Lana's® Franchises are lower in cost than other similar franchises - and offer much more. Rhea Lana's® does not carry a large overhead burden with lots of full time employees. But, the people we DO have are incredible! Our streamlined operations helps you invest more money in your business.
- Our technology is included in the price. Your Rhea Lana's® website is included! While you will supply your computers and Microsoft software, the famous consignment management, barcoding programs, and web pages that make our system great will be yours to use absolutely free.
- This market is untapped in many cities in the U.S. And your city doesn't have Rhea Lana's - yet. Whether your city has none, one or many sales, the time is ripe to introduce moms to Rhea Lana's®. Excellent Rhea Lana's® Sales always grow, even with competition.
- A Rhea Lana's® Franchise includes exclusive rights to Rhea Lana’s® in your territory.
- Rhea Lana's has had an incredibly low turn over rate since we began franchising in 2008 because we care about the success of our franchisees. Some Rhea Lana Franchisees have decided to sell their business for one reason or another, and typically have been able to quickly find a buyer due to the value of a Rhea Lana's Franchise. We believe in long-term relationships with our franchise owners. We consider our Rhea Lana Franchisees like family and part of a very special network and support system.
- The Franchise Fee of an exclusive Rhea Lana Territory is $10,000-$13,500, depending on the size of the territory. Royalties are 1-3%. The percentage begins at 3%, then declines as gross sales rise and owners learn the business. This is the opposite of some franchise models. But at Rhea Lana's®, we want our franchise owners to keep more of their hard earned money!
- A current Rhea Lana franchise owner in good standing may purchase additional territories at a discounted rate.
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#89 in Gator's Top franchises.