Start-Up Costs and Fees |
||
| Boomerang Kids | Once Upon A Child | |
| Investment | 167000 - 240000 | 254700 - 396600 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1% | $1K/yr. |
| Year Founded | 1994 | 1984 |
| Year Franchised | 2011 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Boomerang Kids | Once Upon A Child | |
| 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. | General business experience Marketing skills |
Financing Options |
||
| Boomerang Kids | Once Upon A Child | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Boomerang Kids | Once Upon A Child | |
| 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: 24 hours Classroom Training: 55 hours |
| 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 Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| 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 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. | Number of Employees Required to Run: 3 - 5 |
Expansion Plans |
||
| Boomerang Kids | Once Upon A Child | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Boomerang Kids | |
| Once Upon A Child | |
| Franchise Fee | |
| Boomerang Kids | |
| Once Upon A Child | |
| Royalty Fee | |
| Boomerang Kids | 5% |
| Once Upon A Child | 5% |
| Advertising Fee | |
| Boomerang Kids | 1% |
| Once Upon A Child | $1K/yr. |
| Year Founded | |
| Boomerang Kids | 1994 |
| Once Upon A Child | 1984 |
| Year Franchised | |
| Boomerang Kids | 2011 |
| Once Upon A Child | 1992 |
| Term Of Agreement | |
| Boomerang Kids | |
| Once Upon A Child | 10 years |
| Renewal Fee | |
| Boomerang Kids | |
| Once Upon A Child | $5K |
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. |
| Once Upon A Child | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Boomerang Kids | |
| Once Upon A Child | |
| Start-up Costs | |
| Boomerang Kids | |
| Once Upon A Child | |
| Equipment | |
| Boomerang Kids} | |
| Once Upon A Child | |
| Inventory | |
| Boomerang Kids | |
| Once Upon A Child | |
| Receivables | |
| Boomerang Kids | |
| Once Upon A Child | |
| Payroll | |
| Boomerang Kids | |
| Once Upon A Child | |
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 |
| Once Upon A Child | On-The-Job Training: 24 hours Classroom Training: 55 hours |
| 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 |
| Once Upon A Child | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| 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 |
| Once Upon A Child | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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. |
| Once Upon A Child | Number of Employees Required to Run: 3 - 5 |
Expansion Plans |
|
| US Expansion | |
| Boomerang Kids | |
| Once Upon A Child | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Boomerang Kids | |
| Once Upon A Child | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| Boomerang Kids | |
| Once Upon A Child | Canada, |