Start-Up Costs and Fees |
||
| Computer Renaissance | Boomerang Kids | |
| Investment | 134000 - 205000 | 167000 - 240000 |
| Franchise Fee | 0 | |
| Royalty Fee | 3-5% | 5% |
| Advertising Fee | 1% | |
| Year Founded | 1988 | 1994 |
| Year Franchised | 1993 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Computer Renaissance | Boomerang Kids | |
| 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 |
||
| Computer Renaissance | Boomerang Kids | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Computer Renaissance | Boomerang Kids | |
| 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 | |
| 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 |
||
| Computer Renaissance | Boomerang Kids | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Computer Renaissance | |
| Boomerang Kids | |
| Franchise Fee | |
| Computer Renaissance | |
| Boomerang Kids | |
| Royalty Fee | |
| Computer Renaissance | 3-5% |
| Boomerang Kids | 5% |
| Advertising Fee | |
| Computer Renaissance | |
| Boomerang Kids | 1% |
| Year Founded | |
| Computer Renaissance | 1988 |
| Boomerang Kids | 1994 |
| Year Franchised | |
| Computer Renaissance | 1993 |
| Boomerang Kids | 2011 |
| Term Of Agreement | |
| Computer Renaissance | |
| Boomerang Kids | |
| Renewal Fee | |
| Computer Renaissance | |
| Boomerang Kids | |
Business Experience Requirements |
|
| Experience | |
| Computer Renaissance | |
| 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. |
Financing Options |
|
| Franchise Fees | |
| Computer Renaissance | No |
| Boomerang Kids | No |
| Start-up Costs | |
| Computer Renaissance | |
| Boomerang Kids | |
| Equipment | |
| Computer Renaissance} | |
| Boomerang Kids | |
| Inventory | |
| Computer Renaissance | |
| Boomerang Kids | |
| Receivables | |
| Computer Renaissance | |
| Boomerang Kids | |
| Payroll | |
| Computer Renaissance | |
| Boomerang Kids | |
Training & Support |
|
| Training | |
| Computer Renaissance | |
| 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 |
| Support | |
| Computer Renaissance | |
| 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 |
| Marketing | |
| Computer Renaissance | |
| 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 |
| Operations | |
| Computer Renaissance | |
| 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. |
Expansion Plans |
|
| US Expansion | |
| Computer Renaissance | |
| Boomerang Kids | |
| Canada Expansion | |
| Computer Renaissance | |
| Boomerang Kids | |
| International Expansion | |
| Computer Renaissance | |
| Boomerang Kids | |