Start-Up Costs and Fees |
||
| Sona MedSpa | Supercuts | |
| Investment | 382000 - 747500 | 151370 - 321020 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 10.75% | 6% |
| Advertising Fee | 5% | |
| Year Founded | 1997 | 1975 |
| Year Franchised | 2002 | 1979 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Sona MedSpa | Supercuts | |
| Experience | Industry experience General business experience Marketing skills Strong interpersonal skills | General business experience Marketing skills Retail/service industry experience useful |
Financing Options |
||
| Sona MedSpa | Supercuts | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Sona MedSpa | Supercuts | |
| Training | Training center utilized | |
| Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Ad slicks | Ad slicks, National media |
| Operations | 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 |
||
| Sona MedSpa | Supercuts | |
| US Expansion | 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 | |
| Sona MedSpa | |
| Supercuts | |
| Franchise Fee | |
| Sona MedSpa | |
| Supercuts | |
| Royalty Fee | |
| Sona MedSpa | 10.75% |
| Supercuts | 6% |
| Advertising Fee | |
| Sona MedSpa | |
| Supercuts | 5% |
| Year Founded | |
| Sona MedSpa | 1997 |
| Supercuts | 1975 |
| Year Franchised | |
| Sona MedSpa | 2002 |
| Supercuts | 1979 |
| Term Of Agreement | |
| Sona MedSpa | 15 years |
| Supercuts | Conditional |
| Renewal Fee | |
| Sona MedSpa | 25% of franchise fee |
| Supercuts | Remodeling costs |
Business Experience Requirements |
|
| Experience | |
| Sona MedSpa | Industry experience General business experience Marketing skills Strong interpersonal skills |
| Supercuts | General business experience Marketing skills Retail/service industry experience useful |
Financing Options |
|
| Franchise Fees | |
| Sona MedSpa | No |
| Supercuts | No |
| Start-up Costs | |
| Sona MedSpa | |
| Supercuts | |
| Equipment | |
| Sona MedSpa} | |
| Supercuts | |
| Inventory | |
| Sona MedSpa | |
| Supercuts | |
| Receivables | |
| Sona MedSpa | |
| Supercuts | |
| Payroll | |
| Sona MedSpa | |
| Supercuts | |
Training & Support |
|
| Training | |
| Sona MedSpa | |
| Supercuts | Training center utilized |
| Support | |
| Sona MedSpa | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Supercuts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Sona MedSpa | Ad slicks |
| Supercuts | Ad slicks, National media |
| Operations | |
| Sona MedSpa | |
| 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 | |
| Sona MedSpa | |
| 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 | |
| Sona MedSpa | |
| Supercuts | |
| International Expansion | |
| Sona MedSpa | |
| Supercuts | |