Start-Up Costs and Fees |
||
| Supercuts | Lord's & Lady's Hair Salons | |
| Investment | 151370 - 321020 | 50000 - 175000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 5% | |
| Year Founded | 1975 | 1975 |
| Year Franchised | 1979 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Supercuts | Lord's & Lady's Hair Salons | |
| Experience | General business experience Marketing skills Retail/service industry experience useful | |
Financing Options |
||
| Supercuts | Lord's & Lady's Hair Salons | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Supercuts | Lord's & Lady's Hair Salons | |
| Training | Training center utilized | Boston, MA 2-5 Days |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | 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) | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| Supercuts | Lord's & Lady's Hair Salons | |
| 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, | 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 | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |
| Franchise Fee | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |
| Royalty Fee | |
| Supercuts | 6% |
| Lord's & Lady's Hair Salons | 6% |
| Advertising Fee | |
| Supercuts | 5% |
| Lord's & Lady's Hair Salons | |
| Year Founded | |
| Supercuts | 1975 |
| Lord's & Lady's Hair Salons | 1975 |
| Year Franchised | |
| Supercuts | 1979 |
| Lord's & Lady's Hair Salons | 1980 |
| Term Of Agreement | |
| Supercuts | Conditional |
| Lord's & Lady's Hair Salons | 10 years +10 |
| Renewal Fee | |
| Supercuts | Remodeling costs |
| Lord's & Lady's Hair Salons | |
Business Experience Requirements |
|
| Experience | |
| Supercuts | General business experience Marketing skills Retail/service industry experience useful |
| Lord's & Lady's Hair Salons | |
Financing Options |
|
| Franchise Fees | |
| Supercuts | No |
| Lord's & Lady's Hair Salons | No |
| Start-up Costs | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |
| Equipment | |
| Supercuts} | |
| Lord's & Lady's Hair Salons | |
| Inventory | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |
| Receivables | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |
| Payroll | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |
Training & Support |
|
| Training | |
| Supercuts | Training center utilized |
| Lord's & Lady's Hair Salons | Boston, MA 2-5 Days |
| Support | |
| Supercuts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| 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 |
| Marketing | |
| Supercuts | Ad slicks, National media |
| Lord's & Lady's Hair Salons | |
| Operations | |
| 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) |
| Lord's & Lady's Hair Salons | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| 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, |
| Lord's & Lady's Hair Salons | Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont |
| Canada Expansion | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |
| International Expansion | |
| Supercuts | |
| Lord's & Lady's Hair Salons | |