Start-Up Costs and Fees |
||
| The Yellow Balloon | Cherry Blow Dry Bar | |
| Investment | 55000 - 103500 | 218600 - 392500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 7% |
| Advertising Fee | 2% | |
| Year Founded | 1983 | 2012 |
| Year Franchised | 2000 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Yellow Balloon | Cherry Blow Dry Bar | |
| Experience | General business experience Marketing skills | We're looking for business-minded entrepreneurs who: *Are passionate and committed to success *Have strong business and management skills *Believe that helping others is rewarding Cherry Blow Dry Bar franchisees are required to have a minimum of $75,000 in liquid assets, and a minimum net worth of $350,000. In addition, having experience in franchising, running a business, or operating a multi-site operation is useful, but not necessary, because of our comprehensive training and ongoing support. |
Financing Options |
||
| The Yellow Balloon | Cherry Blow Dry Bar | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Yellow Balloon | Cherry Blow Dry Bar | |
| Training | *Blow-dry techniques *Up-selling skills *Retail product knowledge Our Junior Program is second to none. We fast-track junior stylists so that they're working in weeks, not months, ensuring your labor costs are kept to a minimum. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | *Monthly store visits from franchise business representatives *Ongoing feedback regarding store performance and optimization *An arsenal of tools that ensure each store is operating at optimal efficiency *Unique remote access to point-of-sales systems and reporting features, to oversee and advise franchisees |
| 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 |
||
| The Yellow Balloon | Cherry Blow Dry Bar | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | |
| Franchise Fee | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | |
| Royalty Fee | |
| The Yellow Balloon | 4% |
| Cherry Blow Dry Bar | 7% |
| Advertising Fee | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | 2% |
| Year Founded | |
| The Yellow Balloon | 1983 |
| Cherry Blow Dry Bar | 2012 |
| Year Franchised | |
| The Yellow Balloon | 2000 |
| Cherry Blow Dry Bar | 2013 |
| Term Of Agreement | |
| The Yellow Balloon | 5 years |
| Cherry Blow Dry Bar | |
| Renewal Fee | |
| The Yellow Balloon | $2.5K |
| Cherry Blow Dry Bar | |
Business Experience Requirements |
|
| Experience | |
| The Yellow Balloon | General business experience Marketing skills |
| Cherry Blow Dry Bar | We're looking for business-minded entrepreneurs who: *Are passionate and committed to success *Have strong business and management skills *Believe that helping others is rewarding Cherry Blow Dry Bar franchisees are required to have a minimum of $75,000 in liquid assets, and a minimum net worth of $350,000. In addition, having experience in franchising, running a business, or operating a multi-site operation is useful, but not necessary, because of our comprehensive training and ongoing support. |
Financing Options |
|
| Franchise Fees | |
| The Yellow Balloon | Yes |
| Cherry Blow Dry Bar | Yes |
| Start-up Costs | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | |
| Equipment | |
| The Yellow Balloon} | |
| Cherry Blow Dry Bar | |
| Inventory | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | |
| Receivables | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | |
| Payroll | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | |
Training & Support |
|
| Training | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | *Blow-dry techniques *Up-selling skills *Retail product knowledge Our Junior Program is second to none. We fast-track junior stylists so that they're working in weeks, not months, ensuring your labor costs are kept to a minimum. |
| Support | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Cherry Blow Dry Bar | *Monthly store visits from franchise business representatives *Ongoing feedback regarding store performance and optimization *An arsenal of tools that ensure each store is operating at optimal efficiency *Unique remote access to point-of-sales systems and reporting features, to oversee and advise franchisees |
| Marketing | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Cherry Blow Dry Bar | |
| Operations | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
| Cherry Blow Dry Bar | |
Expansion Plans |
|
| US Expansion | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | 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 | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| International Expansion | |
| The Yellow Balloon | |
| Cherry Blow Dry Bar | |