Phenix Salon Suites vs Cost Cutters Family Hair Care Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Phenix Salon Suites vs Cost Cutters Family Hair Care including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Phenix Salon Suites Cost Cutters Family Hair Care
Investment 308130 - 1387420 148930 - 316700
Franchise Fee 0
Royalty Fee $0.30/sq. ft. 6%
Advertising Fee $0.06/sq. ft. 4%
Year Founded 2007 1982
Year Franchised 2010 1982
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Phenix Salon Suites Cost Cutters Family Hair Care
Experience General business experience Marketing skills Retail/service industry experience useful

Financing Options
  Phenix Salon Suites Cost Cutters Family Hair Care
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Phenix Salon Suites Cost Cutters Family Hair Care
Training On-The-Job Training: 12 hours Classroom Training: 19 hours On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Support *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited 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 Ad Templates National Media Regional Advertising Social media Website development Co-op Advertising Ad Templates Regional Advertising Social media SEO
Operations Absentee ownership is allowed 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
  Phenix Salon Suites Cost Cutters Family Hair Care
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 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
Phenix Salon Suites
Cost Cutters Family Hair Care
Franchise Fee
Phenix Salon Suites
Cost Cutters Family Hair Care
Royalty Fee
Phenix Salon Suites $0.30/sq. ft.
Cost Cutters Family Hair Care 6%
Advertising Fee
Phenix Salon Suites $0.06/sq. ft.
Cost Cutters Family Hair Care 4%
Year Founded
Phenix Salon Suites 2007
Cost Cutters Family Hair Care 1982
Year Franchised
Phenix Salon Suites 2010
Cost Cutters Family Hair Care 1982
Term Of Agreement
Phenix Salon Suites 7 years
Cost Cutters Family Hair Care 15 years
Renewal Fee
Phenix Salon Suites
Cost Cutters Family Hair Care


Business Experience Requirements
Experience
Phenix Salon Suites
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful

Financing Options
 
Franchise Fees
Phenix Salon Suites
Cost Cutters Family Hair Care
Start-up Costs
Phenix Salon Suites
Cost Cutters Family Hair Care
Equipment
Phenix Salon Suites}
Cost Cutters Family Hair Care
Inventory
Phenix Salon Suites
Cost Cutters Family Hair Care
Receivables
Phenix Salon Suites
Cost Cutters Family Hair Care
Payroll
Phenix Salon Suites
Cost Cutters Family Hair Care

Training & Support
Training
Phenix Salon Suites On-The-Job Training: 12 hours Classroom Training: 19 hours
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Support
Phenix Salon Suites *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited 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
Marketing
Phenix Salon Suites Ad Templates National Media Regional Advertising Social media Website development
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
Operations
Phenix Salon Suites Absentee ownership is allowed
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)

Expansion Plans
US Expansion
Phenix Salon Suites 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
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
Canada Expansion
Phenix Salon Suites
Cost Cutters Family Hair Care
International Expansion
Phenix Salon Suites
Cost Cutters Family Hair Care