Start-Up Costs and Fees |
||
| The Yellow Balloon | Supercuts | |
| Investment | 55000 - 103500 | 151370 - 321020 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | 5% | |
| Year Founded | 1983 | 1975 |
| Year Franchised | 2000 | 1979 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Yellow Balloon | Supercuts | |
| Experience | General business experience Marketing skills | General business experience Marketing skills Retail/service industry experience useful |
Financing Options |
||
| The Yellow Balloon | Supercuts | |
| 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 | Supercuts | |
| Training | Training center utilized | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad slicks, National media |
| Operations | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. | Franchisees required to buy multiple units/master licenses; 82% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators) |
Expansion Plans |
||
| The Yellow Balloon | Supercuts | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Yellow Balloon | |
| Supercuts | |
| Franchise Fee | |
| The Yellow Balloon | |
| Supercuts | |
| Royalty Fee | |
| The Yellow Balloon | 4% |
| Supercuts | 6% |
| Advertising Fee | |
| The Yellow Balloon | |
| Supercuts | 5% |
| Year Founded | |
| The Yellow Balloon | 1983 |
| Supercuts | 1975 |
| Year Franchised | |
| The Yellow Balloon | 2000 |
| Supercuts | 1979 |
| Term Of Agreement | |
| The Yellow Balloon | 5 years |
| Supercuts | Conditional |
| Renewal Fee | |
| The Yellow Balloon | $2.5K |
| Supercuts | Remodeling costs |
Business Experience Requirements |
|
| Experience | |
| The Yellow Balloon | General business experience Marketing skills |
| Supercuts | General business experience Marketing skills Retail/service industry experience useful |
Financing Options |
|
| Franchise Fees | |
| The Yellow Balloon | Yes |
| Supercuts | Yes |
| Start-up Costs | |
| The Yellow Balloon | |
| Supercuts | |
| Equipment | |
| The Yellow Balloon} | |
| Supercuts | |
| Inventory | |
| The Yellow Balloon | |
| Supercuts | |
| Receivables | |
| The Yellow Balloon | |
| Supercuts | |
| Payroll | |
| The Yellow Balloon | |
| Supercuts | |
Training & Support |
|
| Training | |
| The Yellow Balloon | |
| Supercuts | Training center utilized |
| Support | |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Supercuts | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Supercuts | Ad slicks, National media |
| Operations | |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
| Supercuts | Franchisees required to buy multiple units/master licenses; 82% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8 Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| The Yellow Balloon | |
| Supercuts | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| The Yellow Balloon | |
| Supercuts | |
| International Expansion | |
| The Yellow Balloon | |
| Supercuts | |