Start-Up Costs and Fees |
||
| Cost Cutters Family Hair Care | Paramount Home Beauty | |
| Investment | 148930 - 316700 | 44100 - 44100 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 4% | |
| Year Founded | 1982 | 2004 |
| Year Franchised | 1982 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cost Cutters Family Hair Care | Paramount Home Beauty | |
| Experience | General business experience Marketing skills Retail/service industry experience useful | |
Financing Options |
||
| Cost Cutters Family Hair Care | Paramount Home Beauty | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cost Cutters Family Hair Care | Paramount Home Beauty | |
| Training | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed | * Available at headquarters: 5 days * At franchisee's location: 5 days (optional) |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO | |
| Operations | Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators) | * Franchise can be run from home * Number of employees needed to run franchised unit: 6 - 20 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Cost Cutters Family Hair Care | Paramount Home Beauty | |
| 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 | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
| Franchise Fee | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
| Royalty Fee | |
| Cost Cutters Family Hair Care | 6% |
| Paramount Home Beauty | 5% |
| Advertising Fee | |
| Cost Cutters Family Hair Care | 4% |
| Paramount Home Beauty | |
| Year Founded | |
| Cost Cutters Family Hair Care | 1982 |
| Paramount Home Beauty | 2004 |
| Year Franchised | |
| Cost Cutters Family Hair Care | 1982 |
| Paramount Home Beauty | 2006 |
| Term Of Agreement | |
| Cost Cutters Family Hair Care | 15 years |
| Paramount Home Beauty | 10 years |
| Renewal Fee | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
Business Experience Requirements |
|
| Experience | |
| Cost Cutters Family Hair Care | General business experience Marketing skills Retail/service industry experience useful |
| Paramount Home Beauty | |
Financing Options |
|
| Franchise Fees | |
| Cost Cutters Family Hair Care | No |
| Paramount Home Beauty | No |
| Start-up Costs | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
| Equipment | |
| Cost Cutters Family Hair Care} | |
| Paramount Home Beauty | |
| Inventory | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
| Receivables | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
| Payroll | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
Training & Support |
|
| Training | |
| Cost Cutters Family Hair Care | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed |
| Paramount Home Beauty | * Available at headquarters: 5 days * At franchisee's location: 5 days (optional) |
| Support | |
| Cost Cutters Family Hair Care | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Paramount Home Beauty | |
| Marketing | |
| Cost Cutters Family Hair Care | Co-op Advertising Ad Templates Regional Advertising Social media SEO |
| Paramount Home Beauty | |
| Operations | |
| Cost Cutters Family Hair Care | Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators) |
| Paramount Home Beauty | * Franchise can be run from home * Number of employees needed to run franchised unit: 6 - 20 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Cost Cutters Family Hair Care | 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 |
| Paramount Home Beauty | |
| Canada Expansion | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |
| International Expansion | |
| Cost Cutters Family Hair Care | |
| Paramount Home Beauty | |