Start-Up Costs and Fees |
||
| The Yellow Balloon | Salon Professional Education Company (SPEC) | |
| Investment | 55000 - 103500 | 145500 - 1111000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | ||
| Year Founded | 1983 | 2004 |
| Year Franchised | 2000 | 2018 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Yellow Balloon | Salon Professional Education Company (SPEC) | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| The Yellow Balloon | Salon Professional Education Company (SPEC) | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Yellow Balloon | Salon Professional Education Company (SPEC) | |
| Training | ||
| 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 | |
| Operations | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| The Yellow Balloon | Salon Professional Education Company (SPEC) | |
| 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 | |
| Salon Professional Education Company (SPEC) | |
| Franchise Fee | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |
| Royalty Fee | |
| The Yellow Balloon | 4% |
| Salon Professional Education Company (SPEC) | |
| Advertising Fee | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |
| Year Founded | |
| The Yellow Balloon | 1983 |
| Salon Professional Education Company (SPEC) | 2004 |
| Year Franchised | |
| The Yellow Balloon | 2000 |
| Salon Professional Education Company (SPEC) | 2018 |
| Term Of Agreement | |
| The Yellow Balloon | 5 years |
| Salon Professional Education Company (SPEC) | |
| Renewal Fee | |
| The Yellow Balloon | $2.5K |
| Salon Professional Education Company (SPEC) | |
Business Experience Requirements |
|
| Experience | |
| The Yellow Balloon | General business experience Marketing skills |
| Salon Professional Education Company (SPEC) | |
Financing Options |
|
| Franchise Fees | |
| The Yellow Balloon | Yes |
| Salon Professional Education Company (SPEC) | Yes |
| Start-up Costs | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |
| Equipment | |
| The Yellow Balloon} | |
| Salon Professional Education Company (SPEC) | |
| Inventory | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |
| Receivables | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |
| Payroll | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |
Training & Support |
|
| Training | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |
| Support | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Salon Professional Education Company (SPEC) | |
| Marketing | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Salon Professional Education Company (SPEC) | |
| Operations | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
| Salon Professional Education Company (SPEC) | |
Expansion Plans |
|
| US Expansion | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | 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 | |
| Salon Professional Education Company (SPEC) | |
| International Expansion | |
| The Yellow Balloon | |
| Salon Professional Education Company (SPEC) | |