Start-Up Costs and Fees |
||
| Lord's & Lady's Hair Salons | The Yellow Balloon | |
| Investment | 50000 - 175000 | 55000 - 103500 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4% |
| Advertising Fee | ||
| Year Founded | 1975 | 1983 |
| Year Franchised | 1980 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Lord's & Lady's Hair Salons | The Yellow Balloon | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Lord's & Lady's Hair Salons | The Yellow Balloon | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Lord's & Lady's Hair Salons | The Yellow Balloon | |
| Training | Boston, MA 2-5 Days | |
| 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, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Lord's & Lady's Hair Salons | The Yellow Balloon | |
| US Expansion | Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| Franchise Fee | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| Royalty Fee | |
| Lord's & Lady's Hair Salons | 6% |
| The Yellow Balloon | 4% |
| Advertising Fee | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| Year Founded | |
| Lord's & Lady's Hair Salons | 1975 |
| The Yellow Balloon | 1983 |
| Year Franchised | |
| Lord's & Lady's Hair Salons | 1980 |
| The Yellow Balloon | 2000 |
| Term Of Agreement | |
| Lord's & Lady's Hair Salons | 10 years +10 |
| The Yellow Balloon | 5 years |
| Renewal Fee | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| Start-up Costs | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| Equipment | |
| Lord's & Lady's Hair Salons} | |
| The Yellow Balloon | |
| Inventory | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| Receivables | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| Payroll | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
Training & Support |
|
| Training | |
| Lord's & Lady's Hair Salons | Boston, MA 2-5 Days |
| The Yellow Balloon | |
| 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 |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Lord's & Lady's Hair Salons | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
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 |
| The Yellow Balloon | |
| Canada Expansion | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |
| International Expansion | |
| Lord's & Lady's Hair Salons | |
| The Yellow Balloon | |