Start-Up Costs and Fees |
||
| The Yellow Balloon | Snip-Its | |
| Investment | 55000 - 103500 | 124595 - 220375 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1983 | 1992 |
| Year Franchised | 2000 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Yellow Balloon | Snip-Its | |
| Experience | General business experience Marketing skills | General business experience |
Financing Options |
||
| The Yellow Balloon | Snip-Its | |
| Franchise Fees | Yes | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Yellow Balloon | Snip-Its | |
| Training | On-The-Job Training: 80 hours Classroom Training: 34 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 |
Expansion Plans |
||
| The Yellow Balloon | Snip-Its | |
| 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 | |
| Snip-Its | |
| Franchise Fee | |
| The Yellow Balloon | |
| Snip-Its | |
| Royalty Fee | |
| The Yellow Balloon | 4% |
| Snip-Its | 6% |
| Advertising Fee | |
| The Yellow Balloon | |
| Snip-Its | 2% |
| Year Founded | |
| The Yellow Balloon | 1983 |
| Snip-Its | 1992 |
| Year Franchised | |
| The Yellow Balloon | 2000 |
| Snip-Its | 2003 |
| Term Of Agreement | |
| The Yellow Balloon | 5 years |
| Snip-Its | 10 years |
| Renewal Fee | |
| The Yellow Balloon | $2.5K |
| Snip-Its | 25% of initial fee |
Business Experience Requirements |
|
| Experience | |
| The Yellow Balloon | General business experience Marketing skills |
| Snip-Its | General business experience |
Financing Options |
|
| Franchise Fees | |
| The Yellow Balloon | Yes |
| Snip-Its | Yes |
| Start-up Costs | |
| The Yellow Balloon | |
| Snip-Its | |
| Equipment | |
| The Yellow Balloon} | |
| Snip-Its | |
| Inventory | |
| The Yellow Balloon | |
| Snip-Its | |
| Receivables | |
| The Yellow Balloon | |
| Snip-Its | |
| Payroll | |
| The Yellow Balloon | |
| Snip-Its | |
Training & Support |
|
| Training | |
| The Yellow Balloon | |
| Snip-Its | On-The-Job Training: 80 hours Classroom Training: 34 hours |
| Support | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Snip-Its | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Snip-Its | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
| Snip-Its | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 |
Expansion Plans |
|
| US Expansion | |
| The Yellow Balloon | |
| Snip-Its | 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 | |
| Snip-Its | |
| International Expansion | |
| The Yellow Balloon | |
| Snip-Its | |