Start-Up Costs and Fees |
||
| The Yellow Balloon | Phenix Salon Suites | |
| Investment | 55000 - 103500 | 308130 - 1387420 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | $0.30/sq. ft. |
| Advertising Fee | $0.06/sq. ft. | |
| Year Founded | 1983 | 2007 |
| Year Franchised | 2000 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Yellow Balloon | Phenix Salon Suites | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| The Yellow Balloon | Phenix Salon Suites | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Yellow Balloon | Phenix Salon Suites | |
| Training | On-The-Job Training: 12 hours Classroom Training: 19 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates National Media Regional Advertising Social media Website development |
| Operations | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | Absentee ownership is allowed |
Expansion Plans |
||
| The Yellow Balloon | Phenix Salon Suites | |
| 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 | |
| Phenix Salon Suites | |
| Franchise Fee | |
| The Yellow Balloon | |
| Phenix Salon Suites | |
| Royalty Fee | |
| The Yellow Balloon | 4% |
| Phenix Salon Suites | $0.30/sq. ft. |
| Advertising Fee | |
| The Yellow Balloon | |
| Phenix Salon Suites | $0.06/sq. ft. |
| Year Founded | |
| The Yellow Balloon | 1983 |
| Phenix Salon Suites | 2007 |
| Year Franchised | |
| The Yellow Balloon | 2000 |
| Phenix Salon Suites | 2010 |
| Term Of Agreement | |
| The Yellow Balloon | 5 years |
| Phenix Salon Suites | 7 years |
| Renewal Fee | |
| The Yellow Balloon | $2.5K |
| Phenix Salon Suites | |
Business Experience Requirements |
|
| Experience | |
| The Yellow Balloon | General business experience Marketing skills |
| Phenix Salon Suites | |
Financing Options |
|
| Franchise Fees | |
| The Yellow Balloon | Yes |
| Phenix Salon Suites | Yes |
| Start-up Costs | |
| The Yellow Balloon | |
| Phenix Salon Suites | |
| Equipment | |
| The Yellow Balloon} | |
| Phenix Salon Suites | |
| Inventory | |
| The Yellow Balloon | |
| Phenix Salon Suites | |
| Receivables | |
| The Yellow Balloon | |
| Phenix Salon Suites | |
| Payroll | |
| The Yellow Balloon | |
| Phenix Salon Suites | |
Training & Support |
|
| Training | |
| The Yellow Balloon | |
| Phenix Salon Suites | On-The-Job Training: 12 hours Classroom Training: 19 hours |
| Support | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Phenix Salon Suites | *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support |
| Marketing | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Phenix Salon Suites | Ad Templates National Media Regional Advertising Social media Website development |
| Operations | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
| Phenix Salon Suites | Absentee ownership is allowed |
Expansion Plans |
|
| US Expansion | |
| The Yellow Balloon | |
| Phenix Salon Suites | 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 | |
| Phenix Salon Suites | |
| International Expansion | |
| The Yellow Balloon | |
| Phenix Salon Suites | |