Start-Up Costs and Fees |
||
| Uptown Cheapskate | Boomerang Kids | |
| Investment | 301579 - 491579 | 167000 - 240000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 0.50% | 1% |
| Year Founded | 2008 | 1994 |
| Year Franchised | 2008 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Uptown Cheapskate | 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 |
||
| Uptown Cheapskate | Boomerang Kids | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Uptown Cheapskate | Boomerang Kids | |
| Training | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store | 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 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | *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 | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | *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 | Number of Employees Required to Run: 5 - 9 | 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 |
||
| Uptown Cheapskate | Boomerang Kids | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Franchise Fee | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Royalty Fee | |
| Uptown Cheapskate | 5% |
| Boomerang Kids | 5% |
| Advertising Fee | |
| Uptown Cheapskate | 0.50% |
| Boomerang Kids | 1% |
| Year Founded | |
| Uptown Cheapskate | 2008 |
| Boomerang Kids | 1994 |
| Year Franchised | |
| Uptown Cheapskate | 2008 |
| Boomerang Kids | 2011 |
| Term Of Agreement | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Renewal Fee | |
| Uptown Cheapskate | |
| Boomerang Kids | |
Business Experience Requirements |
|
| Experience | |
| Uptown Cheapskate | |
| 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 | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Start-up Costs | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Equipment | |
| Uptown Cheapskate} | |
| Boomerang Kids | |
| Inventory | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Receivables | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Payroll | |
| Uptown Cheapskate | |
| Boomerang Kids | |
Training & Support |
|
| Training | |
| Uptown Cheapskate | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store |
| 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 | |
| Uptown Cheapskate | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| 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 | |
| Uptown Cheapskate | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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 | |
| Uptown Cheapskate | Number of Employees Required to Run: 5 - 9 |
| 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 | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| Canada Expansion | |
| Uptown Cheapskate | |
| Boomerang Kids | |
| International Expansion | |
| Uptown Cheapskate | |
| Boomerang Kids | |