Start-Up Costs and Fees |
||
| The Yellow Balloon | MVP Men's Salon | |
| Investment | 55000 - 103500 | 123070 - 155000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 5% |
| Advertising Fee | 2% | |
| Year Founded | 1983 | 2004 |
| Year Franchised | 2000 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Yellow Balloon | MVP Men's Salon | |
| Experience | General business experience Marketing skills | You must meet the financial qualifications as well as have the personal and business skills necessary to deal with personnel and business operations |
Financing Options |
||
| The Yellow Balloon | MVP Men's Salon | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Yellow Balloon | MVP Men's Salon | |
| 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 | Co-op advertising, Ad slicks, National media, Regional advertising | 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. |
| Operations | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| The Yellow Balloon | MVP Men's Salon | |
| 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 | |
| The Yellow Balloon | |
| MVP Men's Salon | |
| Franchise Fee | |
| The Yellow Balloon | |
| MVP Men's Salon | |
| Royalty Fee | |
| The Yellow Balloon | 4% |
| MVP Men's Salon | 5% |
| Advertising Fee | |
| The Yellow Balloon | |
| MVP Men's Salon | 2% |
| Year Founded | |
| The Yellow Balloon | 1983 |
| MVP Men's Salon | 2004 |
| Year Franchised | |
| The Yellow Balloon | 2000 |
| MVP Men's Salon | 2010 |
| Term Of Agreement | |
| The Yellow Balloon | 5 years |
| MVP Men's Salon | |
| Renewal Fee | |
| The Yellow Balloon | $2.5K |
| MVP Men's Salon | |
Business Experience Requirements |
|
| Experience | |
| The Yellow Balloon | General business experience Marketing skills |
| 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 |
Financing Options |
|
| Franchise Fees | |
| The Yellow Balloon | Yes |
| MVP Men's Salon | Yes |
| Start-up Costs | |
| The Yellow Balloon | |
| MVP Men's Salon | |
| Equipment | |
| The Yellow Balloon} | |
| MVP Men's Salon | |
| Inventory | |
| The Yellow Balloon | |
| MVP Men's Salon | |
| Receivables | |
| The Yellow Balloon | |
| MVP Men's Salon | |
| Payroll | |
| The Yellow Balloon | |
| MVP Men's Salon | |
Training & Support |
|
| Training | |
| The Yellow Balloon | |
| 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 |
| Support | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| MVP Men's Salon | |
| Marketing | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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. |
| Operations | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
| MVP Men's Salon | |
Expansion Plans |
|
| US Expansion | |
| The Yellow Balloon | |
| 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 |
| Canada Expansion | |
| The Yellow Balloon | |
| MVP Men's Salon | |
| International Expansion | |
| The Yellow Balloon | |
| MVP Men's Salon | |