Start-Up Costs and Fees |
||
| The Yellow Balloon | Sona MedSpa | |
| Investment | 55000 - 103500 | 382000 - 747500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | 10.75% |
| Advertising Fee | ||
| Year Founded | 1983 | 1997 |
| Year Franchised | 2000 | 2002 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Yellow Balloon | Sona MedSpa | |
| Experience | General business experience Marketing skills | Industry experience General business experience Marketing skills Strong interpersonal skills |
Financing Options |
||
| The Yellow Balloon | Sona MedSpa | |
| 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 | Sona MedSpa | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad slicks |
| Operations | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| The Yellow Balloon | Sona MedSpa | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Franchise Fee | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Royalty Fee | |
| The Yellow Balloon | 4% |
| Sona MedSpa | 10.75% |
| Advertising Fee | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Year Founded | |
| The Yellow Balloon | 1983 |
| Sona MedSpa | 1997 |
| Year Franchised | |
| The Yellow Balloon | 2000 |
| Sona MedSpa | 2002 |
| Term Of Agreement | |
| The Yellow Balloon | 5 years |
| Sona MedSpa | 15 years |
| Renewal Fee | |
| The Yellow Balloon | $2.5K |
| Sona MedSpa | 25% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| The Yellow Balloon | General business experience Marketing skills |
| Sona MedSpa | Industry experience General business experience Marketing skills Strong interpersonal skills |
Financing Options |
|
| Franchise Fees | |
| The Yellow Balloon | Yes |
| Sona MedSpa | Yes |
| Start-up Costs | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Equipment | |
| The Yellow Balloon} | |
| Sona MedSpa | |
| Inventory | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Receivables | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Payroll | |
| The Yellow Balloon | |
| Sona MedSpa | |
Training & Support |
|
| Training | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Support | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Sona MedSpa | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Sona MedSpa | Ad slicks |
| Operations | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
| Sona MedSpa | |
Expansion Plans |
|
| US Expansion | |
| The Yellow Balloon | |
| Sona MedSpa | |
| Canada Expansion | |
| The Yellow Balloon | |
| Sona MedSpa | |
| International Expansion | |
| The Yellow Balloon | |
| Sona MedSpa | |