Cost Cutters Family Hair Care vs MVP Men's Salon Franchise Comparison

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

Start-Up Costs and Fees
  Cost Cutters Family Hair Care MVP Men's Salon
Investment 148930 - 316700 123070 - 155000
Franchise Fee 0
Royalty Fee 6% 5%
Advertising Fee 4% 2%
Year Founded 1982 2004
Year Franchised 1982 2010
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Cost Cutters Family Hair Care MVP Men's Salon
Experience General business experience Marketing skills Retail/service industry experience useful You must meet the financial qualifications as well as have the personal and business skills necessary to deal with personnel and business operations

Financing Options
  Cost Cutters Family Hair Care MVP Men's Salon
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Cost Cutters Family Hair Care MVP Men's Salon
Training On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed *Salon Management: Focuses on the essential needs of a salon business including; Operations, Budgeting and Financial Analysis, Labour and scheduling, Customer Service, and Point of Sales Systems *Local Store, Regional and National marketing: Including Local Store marketing techniques, processes on Regional and National Marketing campaigns *Human Resources: Curriculum includes Stylist retention, stylist training, and staff recruitment. Proper training in these areas will ensure that your stylists help build your clientele by being trained, skilled, and certified in the latest products, styles and methods. *Proprietary hair care products sold exclusively MVP Men's Salon; Product sales techniques, product knowledge training, in-store Point of Purchase arrangement
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 Marketing support for local, regional, and national levels. As an MVP Franchise Partner you will be able to take advantage of coordinated advertising, marketing, and incentive programs, and benefit from the franchisors public relation campaign. MVP also has a complete Grand Opening program to get you started on the right footing, quickly.
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 MVP Men's Salon
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
MVP Men's Salon
Franchise Fee
Cost Cutters Family Hair Care
MVP Men's Salon
Royalty Fee
Cost Cutters Family Hair Care 6%
MVP Men's Salon 5%
Advertising Fee
Cost Cutters Family Hair Care 4%
MVP Men's Salon 2%
Year Founded
Cost Cutters Family Hair Care 1982
MVP Men's Salon 2004
Year Franchised
Cost Cutters Family Hair Care 1982
MVP Men's Salon 2010
Term Of Agreement
Cost Cutters Family Hair Care 15 years
MVP Men's Salon
Renewal Fee
Cost Cutters Family Hair Care
MVP Men's Salon


Business Experience Requirements
Experience
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful
MVP Men's Salon You must meet the financial qualifications as well as have the personal and business skills necessary to deal with personnel and business operations

Financing Options
 
Franchise Fees
Cost Cutters Family Hair Care No
MVP Men's Salon No
Start-up Costs
Cost Cutters Family Hair Care
MVP Men's Salon
Equipment
Cost Cutters Family Hair Care}
MVP Men's Salon
Inventory
Cost Cutters Family Hair Care
MVP Men's Salon
Receivables
Cost Cutters Family Hair Care
MVP Men's Salon
Payroll
Cost Cutters Family Hair Care
MVP Men's Salon

Training & Support
Training
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
MVP Men's Salon *Salon Management: Focuses on the essential needs of a salon business including; Operations, Budgeting and Financial Analysis, Labour and scheduling, Customer Service, and Point of Sales Systems *Local Store, Regional and National marketing: Including Local Store marketing techniques, processes on Regional and National Marketing campaigns *Human Resources: Curriculum includes Stylist retention, stylist training, and staff recruitment. Proper training in these areas will ensure that your stylists help build your clientele by being trained, skilled, and certified in the latest products, styles and methods. *Proprietary hair care products sold exclusively MVP Men's Salon; Product sales techniques, product knowledge training, in-store Point of Purchase arrangement
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
MVP Men's Salon
Marketing
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
MVP Men's Salon Marketing support for local, regional, and national levels. As an MVP Franchise Partner you will be able to take advantage of coordinated advertising, marketing, and incentive programs, and benefit from the franchisors public relation campaign. MVP also has a complete Grand Opening program to get you started on the right footing, quickly.
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)
MVP Men's Salon

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
MVP Men's Salon 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
MVP Men's Salon
International Expansion
Cost Cutters Family Hair Care
MVP Men's Salon