Start-Up Costs and Fees |
||
| Cost Cutters Family Hair Care | Bishops Barbershop | |
| Investment | 148930 - 316700 | 213000 - 294000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 4% | |
| Year Founded | 1982 | 0 |
| Year Franchised | 1982 | 2008 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cost Cutters Family Hair Care | Bishops Barbershop | |
| Experience | General business experience Marketing skills Retail/service industry experience useful | |
Financing Options |
||
| Cost Cutters Family Hair Care | Bishops Barbershop | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cost Cutters Family Hair Care | Bishops Barbershop | |
| Training | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO | |
| Operations | Franchisees required to buy multiple units/master licenses; 95% 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 |
||
| Cost Cutters Family Hair Care | Bishops Barbershop | |
| 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 | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
| Franchise Fee | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
| Royalty Fee | |
| Cost Cutters Family Hair Care | 6% |
| Bishops Barbershop | |
| Advertising Fee | |
| Cost Cutters Family Hair Care | 4% |
| Bishops Barbershop | |
| Year Founded | |
| Cost Cutters Family Hair Care | 1982 |
| Bishops Barbershop | 0 |
| Year Franchised | |
| Cost Cutters Family Hair Care | 1982 |
| Bishops Barbershop | 2008 |
| Term Of Agreement | |
| Cost Cutters Family Hair Care | 15 years |
| Bishops Barbershop | |
| Renewal Fee | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
Business Experience Requirements |
|
| Experience | |
| Cost Cutters Family Hair Care | General business experience Marketing skills Retail/service industry experience useful |
| Bishops Barbershop | |
Financing Options |
|
| Franchise Fees | |
| Cost Cutters Family Hair Care | No |
| Bishops Barbershop | No |
| Start-up Costs | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
| Equipment | |
| Cost Cutters Family Hair Care} | |
| Bishops Barbershop | |
| Inventory | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
| Receivables | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
| Payroll | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
Training & Support |
|
| Training | |
| Cost Cutters Family Hair Care | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed |
| Bishops Barbershop | |
| Support | |
| Cost Cutters Family Hair Care | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Bishops Barbershop | |
| Marketing | |
| Cost Cutters Family Hair Care | Co-op Advertising Ad Templates Regional Advertising Social media SEO |
| Bishops Barbershop | |
| Operations | |
| Cost Cutters Family Hair Care | Franchisees required to buy multiple units/master licenses; 95% 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) |
| Bishops Barbershop | |
Expansion Plans |
|
| US Expansion | |
| Cost Cutters Family Hair Care | 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 |
| Bishops Barbershop | |
| Canada Expansion | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |
| International Expansion | |
| Cost Cutters Family Hair Care | |
| Bishops Barbershop | |