Start-Up Costs and Fees |
||
| Lord's & Lady's Hair Salons | Supercuts | |
| Investment | 50000 - 175000 | 151370 - 321020 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 5% | |
| Year Founded | 1975 | 1975 |
| Year Franchised | 1980 | 1979 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Lord's & Lady's Hair Salons | Supercuts | |
| Experience | General business experience Marketing skills Retail/service industry experience useful | |
Financing Options |
||
| Lord's & Lady's Hair Salons | Supercuts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Lord's & Lady's Hair Salons | Supercuts | |
| Training | Boston, MA 2-5 Days | Training center utilized |
| Support | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Ad slicks, National media | |
| Operations | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | Franchisees required to buy multiple units/master licenses; 82% 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 | Supercuts | |
| US Expansion | Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
| Franchise Fee | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
| Royalty Fee | |
| Lord's & Lady's Hair Salons | 6% |
| Supercuts | 6% |
| Advertising Fee | |
| Lord's & Lady's Hair Salons | |
| Supercuts | 5% |
| Year Founded | |
| Lord's & Lady's Hair Salons | 1975 |
| Supercuts | 1975 |
| Year Franchised | |
| Lord's & Lady's Hair Salons | 1980 |
| Supercuts | 1979 |
| Term Of Agreement | |
| Lord's & Lady's Hair Salons | 10 years +10 |
| Supercuts | Conditional |
| Renewal Fee | |
| Lord's & Lady's Hair Salons | |
| Supercuts | Remodeling costs |
Business Experience Requirements |
|
| Experience | |
| Lord's & Lady's Hair Salons | |
| Supercuts | General business experience Marketing skills Retail/service industry experience useful |
Financing Options |
|
| Franchise Fees | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
| Start-up Costs | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
| Equipment | |
| Lord's & Lady's Hair Salons} | |
| Supercuts | |
| Inventory | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
| Receivables | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
| Payroll | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
Training & Support |
|
| Training | |
| Lord's & Lady's Hair Salons | Boston, MA 2-5 Days |
| Supercuts | Training center utilized |
| 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 |
| Supercuts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Lord's & Lady's Hair Salons | |
| Supercuts | Ad slicks, National media |
| Operations | |
| Lord's & Lady's Hair Salons | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Supercuts | Franchisees required to buy multiple units/master licenses; 82% 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 |
| Supercuts | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |
| International Expansion | |
| Lord's & Lady's Hair Salons | |
| Supercuts | |