Start-Up Costs and Fees |
||
| Other Mothers | Boomerang Kids | |
| Investment | 140176 - 202176 | 167000 - 240000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 1% | |
| Year Founded | 0 | 1994 |
| Year Franchised | 0 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Other Mothers | Boomerang Kids | |
| Experience | Owner/operators or investors with solid operators in mind who possess the following: Ability to learn, yet follow a proven system. Financial capability. A belief in OTHER MOTHERS\TRENDY TRADES to provide highest quality possible for price that moves the merchandise quickly and allows the owners to make their profits in high-volume rather than high prices. A passion for providing merchandise in a clean and friendly store with the look and feel of a new store. | 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 |
||
| Other Mothers | Boomerang Kids | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Other Mothers | 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 |
||
| Other Mothers | Boomerang Kids | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Other Mothers | |
| Boomerang Kids | |
| Franchise Fee | |
| Other Mothers | |
| Boomerang Kids | |
| Royalty Fee | |
| Other Mothers | |
| Boomerang Kids | 5% |
| Advertising Fee | |
| Other Mothers | |
| Boomerang Kids | 1% |
| Year Founded | |
| Other Mothers | 0 |
| Boomerang Kids | 1994 |
| Year Franchised | |
| Other Mothers | 0 |
| Boomerang Kids | 2011 |
| Term Of Agreement | |
| Other Mothers | |
| Boomerang Kids | |
| Renewal Fee | |
| Other Mothers | |
| Boomerang Kids | |
Business Experience Requirements |
|
| Experience | |
| Other Mothers | Owner/operators or investors with solid operators in mind who possess the following: Ability to learn, yet follow a proven system. Financial capability. A belief in OTHER MOTHERS\TRENDY TRADES to provide highest quality possible for price that moves the merchandise quickly and allows the owners to make their profits in high-volume rather than high prices. A passion for providing merchandise in a clean and friendly store with the look and feel of a new store. |
| 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 | |
| Other Mothers | |
| Boomerang Kids | |
| Start-up Costs | |
| Other Mothers | |
| Boomerang Kids | |
| Equipment | |
| Other Mothers} | |
| Boomerang Kids | |
| Inventory | |
| Other Mothers | |
| Boomerang Kids | |
| Receivables | |
| Other Mothers | |
| Boomerang Kids | |
| Payroll | |
| Other Mothers | |
| Boomerang Kids | |
Training & Support |
|
| Training | |
| Other Mothers | |
| 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 | |
| Other Mothers | |
| 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 | |
| Other Mothers | |
| 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 | |
| Other Mothers | |
| 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 | |
| Other Mothers | |
| Boomerang Kids | |
| Canada Expansion | |
| Other Mothers | |
| Boomerang Kids | |
| International Expansion | |
| Other Mothers | |
| Boomerang Kids | |