Cost Cutters Family Hair Care vs Lord's & Lady's Hair Salons Franchise Comparison

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

Start-Up Costs and Fees
  Cost Cutters Family Hair Care Lord's & Lady's Hair Salons
Investment 148930 - 316700 50000 - 175000
Franchise Fee 0
Royalty Fee 6% 6%
Advertising Fee 4%
Year Founded 1982 1975
Year Franchised 1982 1980
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Cost Cutters Family Hair Care Lord's & Lady's Hair Salons
Experience General business experience Marketing skills Retail/service industry experience useful

Financing Options
  Cost Cutters Family Hair Care Lord's & Lady's Hair Salons
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Cost Cutters Family Hair Care Lord's & Lady's Hair Salons
Training On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed Boston, MA 2-5 Days
Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline
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) Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged

Expansion Plans
  Cost Cutters Family Hair Care Lord's & Lady's Hair Salons
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 Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons
Franchise Fee
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons
Royalty Fee
Cost Cutters Family Hair Care 6%
Lord's & Lady's Hair Salons 6%
Advertising Fee
Cost Cutters Family Hair Care 4%
Lord's & Lady's Hair Salons
Year Founded
Cost Cutters Family Hair Care 1982
Lord's & Lady's Hair Salons 1975
Year Franchised
Cost Cutters Family Hair Care 1982
Lord's & Lady's Hair Salons 1980
Term Of Agreement
Cost Cutters Family Hair Care 15 years
Lord's & Lady's Hair Salons 10 years +10
Renewal Fee
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons


Business Experience Requirements
Experience
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful
Lord's & Lady's Hair Salons

Financing Options
 
Franchise Fees
Cost Cutters Family Hair Care No
Lord's & Lady's Hair Salons No
Start-up Costs
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons
Equipment
Cost Cutters Family Hair Care}
Lord's & Lady's Hair Salons
Inventory
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons
Receivables
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons
Payroll
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons

Training & Support
Training
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Lord's & Lady's Hair Salons Boston, MA 2-5 Days
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
Lord's & Lady's Hair Salons Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline
Marketing
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
Lord's & Lady's Hair Salons
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)
Lord's & Lady's Hair Salons Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged

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
Lord's & Lady's Hair Salons Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont
Canada Expansion
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons
International Expansion
Cost Cutters Family Hair Care
Lord's & Lady's Hair Salons