Start-Up Costs and Fees |
||
| Rhea Lana | Boomerang Kids | |
| Investment | 19050 - 38950 | 167000 - 240000 |
| Franchise Fee | ||
| Royalty Fee | 3%-1% | 5% |
| Advertising Fee | 1% | |
| Year Founded | 1997 | 1994 |
| Year Franchised | 2008 | 2011 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Rhea Lana | 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 |
||
| Rhea Lana | Boomerang Kids | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Rhea Lana | Boomerang Kids | |
| Training | On-The-Job Training: 39 hours Classroom Training: 13 hours Additional Training: As needed | 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 | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software | *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 | Ad Templates National Media Regional Advertising Social media Website development Email 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 |
||
| Rhea Lana | Boomerang Kids | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Rhea Lana | |
| Boomerang Kids | |
| Franchise Fee | |
| Rhea Lana | |
| Boomerang Kids | |
| Royalty Fee | |
| Rhea Lana | 3%-1% |
| Boomerang Kids | 5% |
| Advertising Fee | |
| Rhea Lana | |
| Boomerang Kids | 1% |
| Year Founded | |
| Rhea Lana | 1997 |
| Boomerang Kids | 1994 |
| Year Franchised | |
| Rhea Lana | 2008 |
| Boomerang Kids | 2011 |
| Term Of Agreement | |
| Rhea Lana | |
| Boomerang Kids | |
| Renewal Fee | |
| Rhea Lana | |
| Boomerang Kids | |
Business Experience Requirements |
|
| Experience | |
| Rhea Lana | |
| 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 | |
| Rhea Lana | |
| Boomerang Kids | |
| Start-up Costs | |
| Rhea Lana | |
| Boomerang Kids | |
| Equipment | |
| Rhea Lana} | |
| Boomerang Kids | |
| Inventory | |
| Rhea Lana | |
| Boomerang Kids | |
| Receivables | |
| Rhea Lana | |
| Boomerang Kids | |
| Payroll | |
| Rhea Lana | |
| Boomerang Kids | |
Training & Support |
|
| Training | |
| Rhea Lana | On-The-Job Training: 39 hours Classroom Training: 13 hours Additional Training: As needed |
| 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 | |
| Rhea Lana | Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software |
| 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 | |
| Rhea Lana | Ad Templates National Media Regional Advertising Social media Website development Email 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 |
| Operations | |
| Rhea Lana | |
| 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 | |
| Rhea Lana | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Boomerang Kids | |
| Canada Expansion | |
| Rhea Lana | |
| Boomerang Kids | |
| International Expansion | |
| Rhea Lana | |
| Boomerang Kids | |