Start-Up Costs and Fees |
||
| Boomerang Kids | Hut no. 8 | |
| Investment | 167000 - 240000 | 91700 - 201900 |
| Franchise Fee | ||
| Royalty Fee | 5% | $360/mo. |
| Advertising Fee | 1% | |
| Year Founded | 1994 | 2007 |
| Year Franchised | 2011 | 2009 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Boomerang Kids | Hut no. 8 | |
| 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 |
||
| Boomerang Kids | Hut no. 8 | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Boomerang Kids | Hut no. 8 | |
| 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 | You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building |
| 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 | |
| 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 | Hut no. 8 | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Boomerang Kids | |
| Hut no. 8 | |
| Franchise Fee | |
| Boomerang Kids | |
| Hut no. 8 | |
| Royalty Fee | |
| Boomerang Kids | 5% |
| Hut no. 8 | $360/mo. |
| Advertising Fee | |
| Boomerang Kids | 1% |
| Hut no. 8 | |
| Year Founded | |
| Boomerang Kids | 1994 |
| Hut no. 8 | 2007 |
| Year Franchised | |
| Boomerang Kids | 2011 |
| Hut no. 8 | 2009 |
| Term Of Agreement | |
| Boomerang Kids | |
| Hut no. 8 | |
| Renewal Fee | |
| Boomerang Kids | |
| Hut no. 8 | |
Business Experience Requirements |
|
| Experience | |
| Boomerang Kids | 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. |
| Hut no. 8 | |
Financing Options |
|
| Franchise Fees | |
| Boomerang Kids | |
| Hut no. 8 | |
| Start-up Costs | |
| Boomerang Kids | |
| Hut no. 8 | |
| Equipment | |
| Boomerang Kids} | |
| Hut no. 8 | |
| Inventory | |
| Boomerang Kids | |
| Hut no. 8 | |
| Receivables | |
| Boomerang Kids | |
| Hut no. 8 | |
| Payroll | |
| Boomerang Kids | |
| Hut no. 8 | |
Training & Support |
|
| Training | |
| Boomerang Kids | 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 |
| Hut no. 8 | You will visit our headquarters and main store in Florida, and will train in both a classroom environment, and then by serving customers alongside us. We will teach you EVERYTHING in one week from purchasing to accounting and from customer service to marketing, and more. When you are ready to open your Hut no. 8 store you will also have one of our representatives on-site to do refresher training, to assist you in serving your customers, and to help with your store set-up. *QuickBooks Pro *Store Setup *Computer Setup, configuration, and initial problem diagnosis *Customer Service *Point Of Sale Training *Purchasing Inventory *Pricing Inventory for Resale *Business Expansion & Idea Building |
| Support | |
| Boomerang Kids | *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 |
| Hut no. 8 | |
| Marketing | |
| Boomerang Kids | *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 |
| Hut no. 8 | |
| Operations | |
| Boomerang Kids | 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. |
| Hut no. 8 | |
Expansion Plans |
|
| US Expansion | |
| Boomerang Kids | |
| Hut no. 8 | |
| Canada Expansion | |
| Boomerang Kids | |
| Hut no. 8 | |
| International Expansion | |
| Boomerang Kids | |
| Hut no. 8 | |