Boomerang Kids Franchise
Used children's clothing, baby gear, toys, books and dvds
ABC INC
ABC-CO - NASDAQ
+0.25 (+0.20%)
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How much does it cost to open a Boomerang Kids Franchise ?
The investment required to open a Boomerang Kids Franchise is between $167,000 - $240,000 . There is an initial franchise fee of $35,000 which grants you the license to run a business under the Boomerang Kids name.
Individual Franchise Costs
- Initial Investment:
$167,000 - - Initial Franchise Fee:
$35,000 - Royalty Fee:
5% - Advertising Fee:
1%
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | N/A | N/A |
| Startup Costs | N/A | N/A |
| Equipment | N/A | N/A |
| Inventory | N/A | N/A |
| Accounts Receivable | N/A | N/A |
| Payroll | N/A | N/A |
Third Party Financing Source(s):
In Canada, most franchisees secure financing through the Canada Small Business Program. This is a government guaranteed loan program that is guaranteed through any of the chartered banks.
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
Boomerang Kids Growth History
When did the first Boomerang Kids open? 1994When did Boomerang Kids start Franchising ? 2011
| Year | U.S.A. | Canada | International | Corporate |
|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | 4 |
How much money you could make as a Boomerang Kids Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Boomerang Kids Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.
Legal Disclaimer: This information is not a franchise offering for Boomerang Kids and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Boomerang Kids franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.