Lord's & Lady's Hair Salons vs Cost Cutters Family Hair Care Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Lord's & Lady's Hair Salons 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
  Lord's & Lady's Hair Salons Cost Cutters Family Hair Care
Investment 50000 - 175000 148930 - 316700
Franchise Fee 0
Royalty Fee 6% 6%
Advertising Fee 4%
Year Founded 1975 1982
Year Franchised 1980 1982
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Lord's & Lady's Hair Salons Cost Cutters Family Hair Care
Experience General business experience Marketing skills Retail/service industry experience useful

Financing Options
  Lord's & Lady's Hair Salons Cost Cutters Family Hair Care
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Lord's & Lady's Hair Salons Cost Cutters Family Hair Care
Training Boston, MA 2-5 Days On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Support Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline 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 Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged 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
  Lord's & Lady's Hair Salons Cost Cutters Family Hair Care
US Expansion Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont 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
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care
Franchise Fee
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care
Royalty Fee
Lord's & Lady's Hair Salons 6%
Cost Cutters Family Hair Care 6%
Advertising Fee
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care 4%
Year Founded
Lord's & Lady's Hair Salons 1975
Cost Cutters Family Hair Care 1982
Year Franchised
Lord's & Lady's Hair Salons 1980
Cost Cutters Family Hair Care 1982
Term Of Agreement
Lord's & Lady's Hair Salons 10 years +10
Cost Cutters Family Hair Care 15 years
Renewal Fee
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care


Business Experience Requirements
Experience
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful

Financing Options
 
Franchise Fees
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care
Start-up Costs
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care
Equipment
Lord's & Lady's Hair Salons}
Cost Cutters Family Hair Care
Inventory
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care
Receivables
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care
Payroll
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care

Training & Support
Training
Lord's & Lady's Hair Salons Boston, MA 2-5 Days
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Support
Lord's & Lady's Hair Salons Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline
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
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
Operations
Lord's & Lady's Hair Salons Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged
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
Lord's & Lady's Hair Salons Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont
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
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care
International Expansion
Lord's & Lady's Hair Salons
Cost Cutters Family Hair Care