Start-Up Costs and Fees |
||
| Boomerang Kids | Renaissance Fine Consignment | |
| Investment | 167000 - 240000 | 86175 - 227000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4% |
| Advertising Fee | 1% | |
| Year Founded | 1994 | 1997 |
| Year Franchised | 2011 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Boomerang Kids | Renaissance Fine Consignment | |
| 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. | Renaissance Consignment is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Love working with Retail and Fashion *Minimum financial net worth of $75,000 |
Financing Options |
||
| Boomerang Kids | Renaissance Fine Consignment | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Boomerang Kids | Renaissance Fine Consignment | |
| 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 | |
| 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 | Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution |
| 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 | Renaissance Fine Consignment | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Franchise Fee | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Royalty Fee | |
| Boomerang Kids | 5% |
| Renaissance Fine Consignment | 4% |
| Advertising Fee | |
| Boomerang Kids | 1% |
| Renaissance Fine Consignment | |
| Year Founded | |
| Boomerang Kids | 1994 |
| Renaissance Fine Consignment | 1997 |
| Year Franchised | |
| Boomerang Kids | 2011 |
| Renaissance Fine Consignment | 2010 |
| Term Of Agreement | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Renewal Fee | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
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. |
| Renaissance Fine Consignment | Renaissance Consignment is seeking individual franchise partners throughout the United States as well as multi-unit development partners domestically and internationally. To be considered, individuals or partnerships must meet the following minimum criteria: *Demonstrated enthusiasm, drive, and passion *Management Experience *Love working with Retail and Fashion *Minimum financial net worth of $75,000 |
Financing Options |
|
| Franchise Fees | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Start-up Costs | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Equipment | |
| Boomerang Kids} | |
| Renaissance Fine Consignment | |
| Inventory | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Receivables | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Payroll | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
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 |
| Renaissance Fine Consignment | |
| 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 |
| Renaissance Fine Consignment | Real Estate and Site Selection Lease Approval Pre-opening Management Training Vendors and Equipment Opening Support Information Technology Marketing and Public Relations Operations Support Purchasing and Distribution |
| 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 |
| Renaissance Fine Consignment | |
| 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. |
| Renaissance Fine Consignment | |
Expansion Plans |
|
| US Expansion | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| Canada Expansion | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |
| International Expansion | |
| Boomerang Kids | |
| Renaissance Fine Consignment | |