MODE vs Monkee's Franchise Comparison

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

Start-Up Costs and Fees

 
MODE Franchise
Monkee's Franchise
Investment $171,000 - And Up$270,981 - $464,977
Franchise Fee $30,000$50,000
Royalty Fee 6%5%
Advertising Fee 1%1%
Year Founded 20071995
Year Franchised 20112011
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
MODE Franchise
Monkee's Franchise
Experience --

Financing Options

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

Training & Support

 
MODE Franchise
Monkee's Franchise
Training

Our franchisees first take a three phase online course after which they spend one full week in Fargo at our Store Support Center and Flagship location. We send a team of 2 to every store for a full week before they open. Once open for six weeks, we offer a Phase VI one-on-one training program with our Founder and the franchisee.

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

 
MODE Franchise
Monkee's Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About MODE

MODE is a designer outlet in a boutique environment and Home of the $40 Designer Jean. We are a Fargo, ND based company and currently have 12 locations across the Midwest and SC. MODE is unique in that is take the outlet concept and merges it with a boutique environment to make it a special shopping experience, unlike any other.

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.