Cost Cutters Family Hair Care vs Famous Toastery Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Famous Toastery including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Cost Cutters Family Hair Care Famous Toastery
Investment 148930 - 316700 600500 - 1024500
Franchise Fee 0
Royalty Fee 6% 5%
Advertising Fee 4% 1%-2%
Year Founded 1982 2005
Year Franchised 1982 2013
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Cost Cutters Family Hair Care Famous Toastery
Experience General business experience Marketing skills Retail/service industry experience useful

Financing Options
  Cost Cutters Family Hair Care Famous Toastery
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Cost Cutters Family Hair Care Famous Toastery
Training On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed On-The-Job Training: 744 hours Classroom Training: 32 hours
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection
Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
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 Famous Toastery
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 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
Famous Toastery
Franchise Fee
Cost Cutters Family Hair Care
Famous Toastery
Royalty Fee
Cost Cutters Family Hair Care 6%
Famous Toastery 5%
Advertising Fee
Cost Cutters Family Hair Care 4%
Famous Toastery 1%-2%
Year Founded
Cost Cutters Family Hair Care 1982
Famous Toastery 2005
Year Franchised
Cost Cutters Family Hair Care 1982
Famous Toastery 2013
Term Of Agreement
Cost Cutters Family Hair Care 15 years
Famous Toastery 10 Years
Renewal Fee
Cost Cutters Family Hair Care
Famous Toastery


Business Experience Requirements
Experience
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful
Famous Toastery

Financing Options
 
Franchise Fees
Cost Cutters Family Hair Care No
Famous Toastery No
Start-up Costs
Cost Cutters Family Hair Care
Famous Toastery
Equipment
Cost Cutters Family Hair Care}
Famous Toastery
Inventory
Cost Cutters Family Hair Care
Famous Toastery
Receivables
Cost Cutters Family Hair Care
Famous Toastery
Payroll
Cost Cutters Family Hair Care
Famous Toastery

Training & Support
Training
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Famous Toastery On-The-Job Training: 744 hours Classroom Training: 32 hours
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
Famous Toastery Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection
Marketing
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
Famous Toastery Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
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)
Famous Toastery

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
Famous Toastery 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
Cost Cutters Family Hair Care
Famous Toastery
International Expansion
Cost Cutters Family Hair Care
Famous Toastery