Start-Up Costs and Fees |
||
| Cost Cutters Family Hair Care | Sona MedSpa | |
| Investment | 148930 - 316700 | 382000 - 747500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 10.75% |
| Advertising Fee | 4% | |
| Year Founded | 1982 | 1997 |
| Year Franchised | 1982 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cost Cutters Family Hair Care | Sona MedSpa | |
| Experience | General business experience Marketing skills Retail/service industry experience useful | Industry experience General business experience Marketing skills Strong interpersonal skills |
Financing Options |
||
| Cost Cutters Family Hair Care | Sona MedSpa | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Cost Cutters Family Hair Care | Sona MedSpa | |
| Training | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO | Ad slicks |
| 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) | |
Expansion Plans |
||
| Cost Cutters Family Hair Care | Sona MedSpa | |
| 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 | |
| Sona MedSpa | |
| Franchise Fee | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | |
| Royalty Fee | |
| Cost Cutters Family Hair Care | 6% |
| Sona MedSpa | 10.75% |
| Advertising Fee | |
| Cost Cutters Family Hair Care | 4% |
| Sona MedSpa | |
| Year Founded | |
| Cost Cutters Family Hair Care | 1982 |
| Sona MedSpa | 1997 |
| Year Franchised | |
| Cost Cutters Family Hair Care | 1982 |
| Sona MedSpa | 2002 |
| Term Of Agreement | |
| Cost Cutters Family Hair Care | 15 years |
| Sona MedSpa | 15 years |
| Renewal Fee | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | 25% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| Cost Cutters Family Hair Care | General business experience Marketing skills Retail/service industry experience useful |
| Sona MedSpa | Industry experience General business experience Marketing skills Strong interpersonal skills |
Financing Options |
|
| Franchise Fees | |
| Cost Cutters Family Hair Care | No |
| Sona MedSpa | No |
| Start-up Costs | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | |
| Equipment | |
| Cost Cutters Family Hair Care} | |
| Sona MedSpa | |
| Inventory | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | |
| Receivables | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | |
| Payroll | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | |
Training & Support |
|
| Training | |
| Cost Cutters Family Hair Care | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed |
| Sona MedSpa | |
| 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 |
| Sona MedSpa | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Cost Cutters Family Hair Care | Co-op Advertising Ad Templates Regional Advertising Social media SEO |
| Sona MedSpa | Ad slicks |
| 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) |
| Sona MedSpa | |
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 |
| Sona MedSpa | |
| Canada Expansion | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | |
| International Expansion | |
| Cost Cutters Family Hair Care | |
| Sona MedSpa | |