Children's Orchard Franchise
Thursday, May 13, 2010 at 08:34AM Reseller of children's clothes, toys and furnishings
Former flight attendant Karen Lynch opened the first Children's Orchard store in 1980. Each store buys and sells used children's clothes, toys and other items, selling them for 50 to 80 percent less than retail. The first Children's Orchard franchise opened in 1985, and it now has locations across the United States.
Start-up Costs & Franchises Fees
What is the total cost to open a Children's Orchard Franchises?
Total Cost: $72,500-$187,950
Total Franchise Fees: $22,500
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $3K
Contact Information for Children's Orchard
|
Children's Orchard |
Toll Free: (800)999-5437 |
Children's Orchard In the Press
No results at this time.Historical Expansion
In what year did Children's Orchard begin operations? 1980
When did Children's Orchard begin selling franchises? 1985
Year United States Canada International Corporate 2005 91 0 0 1 2004 85 0 0 1 2003 85 0 0 1 2002 92 0 0 1 2001 95 0 0 2
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, Regional advertising support
Franchise Operation Restrictions
15.6% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 2
Absentee ownership of this franchise business is not available to new franchisees. (98% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Customer service experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes