Start-Up Costs and Fees |
||
| MVP Men's Salon | The Yellow Balloon | |
| Investment | 123070 - 155000 | 55000 - 103500 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 4% |
| Advertising Fee | 2% | |
| Year Founded | 2004 | 1983 |
| Year Franchised | 2010 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MVP Men's Salon | The Yellow Balloon | |
| Experience | You must meet the financial qualifications as well as have the personal and business skills necessary to deal with personnel and business operations | General business experience Marketing skills |
Financing Options |
||
| MVP Men's Salon | The Yellow Balloon | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| MVP Men's Salon | The Yellow Balloon | |
| Training | *Salon Management: Focuses on the essential needs of a salon business including; Operations, Budgeting and Financial Analysis, Labour and scheduling, Customer Service, and Point of Sales Systems *Local Store, Regional and National marketing: Including Local Store marketing techniques, processes on Regional and National Marketing campaigns *Human Resources: Curriculum includes Stylist retention, stylist training, and staff recruitment. Proper training in these areas will ensure that your stylists help build your clientele by being trained, skilled, and certified in the latest products, styles and methods. *Proprietary hair care products sold exclusively MVP Men's Salon; Product sales techniques, product knowledge training, in-store Point of Purchase arrangement | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Marketing support for local, regional, and national levels. As an MVP Franchise Partner you will be able to take advantage of coordinated advertising, marketing, and incentive programs, and benefit from the franchisors public relation campaign. MVP also has a complete Grand Opening program to get you started on the right footing, quickly. | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| MVP Men's Salon | The Yellow Balloon | |
| 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 | |
| MVP Men's Salon | |
| The Yellow Balloon | |
| Franchise Fee | |
| MVP Men's Salon | |
| The Yellow Balloon | |
| Royalty Fee | |
| MVP Men's Salon | 5% |
| The Yellow Balloon | 4% |
| Advertising Fee | |
| MVP Men's Salon | 2% |
| The Yellow Balloon | |
| Year Founded | |
| MVP Men's Salon | 2004 |
| The Yellow Balloon | 1983 |
| Year Franchised | |
| MVP Men's Salon | 2010 |
| The Yellow Balloon | 2000 |
| Term Of Agreement | |
| MVP Men's Salon | |
| The Yellow Balloon | 5 years |
| Renewal Fee | |
| MVP Men's Salon | |
| The Yellow Balloon | $2.5K |
Business Experience Requirements |
|
| Experience | |
| MVP Men's Salon | You must meet the financial qualifications as well as have the personal and business skills necessary to deal with personnel and business operations |
| The Yellow Balloon | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| MVP Men's Salon | |
| The Yellow Balloon | |
| Start-up Costs | |
| MVP Men's Salon | |
| The Yellow Balloon | |
| Equipment | |
| MVP Men's Salon} | |
| The Yellow Balloon | |
| Inventory | |
| MVP Men's Salon | |
| The Yellow Balloon | |
| Receivables | |
| MVP Men's Salon | |
| The Yellow Balloon | |
| Payroll | |
| MVP Men's Salon | |
| The Yellow Balloon | |
Training & Support |
|
| Training | |
| MVP Men's Salon | *Salon Management: Focuses on the essential needs of a salon business including; Operations, Budgeting and Financial Analysis, Labour and scheduling, Customer Service, and Point of Sales Systems *Local Store, Regional and National marketing: Including Local Store marketing techniques, processes on Regional and National Marketing campaigns *Human Resources: Curriculum includes Stylist retention, stylist training, and staff recruitment. Proper training in these areas will ensure that your stylists help build your clientele by being trained, skilled, and certified in the latest products, styles and methods. *Proprietary hair care products sold exclusively MVP Men's Salon; Product sales techniques, product knowledge training, in-store Point of Purchase arrangement |
| The Yellow Balloon | |
| Support | |
| MVP Men's Salon | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| MVP Men's Salon | Marketing support for local, regional, and national levels. As an MVP Franchise Partner you will be able to take advantage of coordinated advertising, marketing, and incentive programs, and benefit from the franchisors public relation campaign. MVP also has a complete Grand Opening program to get you started on the right footing, quickly. |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| MVP Men's Salon | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| MVP Men's Salon | 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 |
| The Yellow Balloon | |
| Canada Expansion | |
| MVP Men's Salon | |
| The Yellow Balloon | |
| International Expansion | |
| MVP Men's Salon | |
| The Yellow Balloon | |