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Excellent opportunity to own a successful and profitable business in Old Ottawa South. Boomerang Kids is one of Ottawa's best-known resale destinations for quality used baby, kids, maternity and family merchandise, with the sales at this location being about 75% resale and 25% new inventory. Having first opened in 1994, this franchise has gained a loyal community of shoppers and consignors (approx 17,000). Benefit from the purchase of a franchise with proven profits and the support of a committed management team and a technologically advanced consignment process. Furniture, fixtures, inventory, training and franchise fee included in cost. Full financial information available on completion of a confidentiality agreement. Please DO NOT approach employees about the sale of the business.
The lease was renewed in 2013 for seven years to September 30, 2020. The current owner is in the process of exercising her option for a further 5-year lease starting October 1, 2020.
$55,800 (CAD) per annum
Located in the historic, urban neighbour-hood of the Glebe.
Boomerang Kids – Bank Street operates in a 1,600 square foot commercial space in Old Ottawa South. Parking is ample for customers which is an important feature in this high traffic neighbourhood.
The Orleans and Gatineau stores have closed and as a result, the current management is expected to capture some of those locations customers.
There is not considered to be any strong competition for Boomerang Kids in Ottawa. No other children’s consignment shops maintain the business volume, function as “upscale” consignment shops, or enjoy the reputation developed by Boomerang Kids over the years.
The current management has successfully operated Boomerang Kids – Bank Street since its acquisition in 2012. This turn-key business is positioned well for future growth. However, due to health issues, the current management wants to depart and leave the business in capable hands.
Monday – Friday: 9:30 am - 8:00 pm
Saturday: 9:30 am - 5:00 pm
Sunday: 11:00 am - 5:00 pm
Franchise Fee - $10,000, including $5,000 software license
Royalties – 5% of Gross Sales
Training – Extensive initial training (10-15 days) and ongoing onsite training.
Advertising – 1%- 3% to franchisor plus requirement to spend 1% locally
Transfer fee - $5,000 flat fee plus training fee of $15,000 (training fee waived)
Renewal fee – 20% of the current franchise fee
The current owner will stay for a period of time to help with the transition and ensure that training and knowledge transfer is provided.
Management of the franchisor, Boomerang Kids Franchise Corporation, are considered highly experienced, competent managers, who will provide excellent support to the franchise stores. A buyer will benefit from the substantial process and technological innovations developed by the franchisors. The corporate website brings many new clients to the business.
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