Start-Up Costs and Fees |
||
| Salon Professional Education Company (SPEC) | The Yellow Balloon | |
| Investment | 145500 - 1111000 | 55000 - 103500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | ||
| Year Founded | 2004 | 1983 |
| Year Franchised | 2018 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Salon Professional Education Company (SPEC) | The Yellow Balloon | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Salon Professional Education Company (SPEC) | The Yellow Balloon | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Salon Professional Education Company (SPEC) | The Yellow Balloon | |
| Training | ||
| Support | 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 | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Salon Professional Education Company (SPEC) | 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 | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Franchise Fee | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Royalty Fee | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | 4% |
| Advertising Fee | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Year Founded | |
| Salon Professional Education Company (SPEC) | 2004 |
| The Yellow Balloon | 1983 |
| Year Franchised | |
| Salon Professional Education Company (SPEC) | 2018 |
| The Yellow Balloon | 2000 |
| Term Of Agreement | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | 5 years |
| Renewal Fee | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Start-up Costs | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Equipment | |
| Salon Professional Education Company (SPEC)} | |
| The Yellow Balloon | |
| Inventory | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Receivables | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Payroll | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
Training & Support |
|
| Training | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| Support | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Salon Professional Education Company (SPEC) | 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 | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |
| International Expansion | |
| Salon Professional Education Company (SPEC) | |
| The Yellow Balloon | |