Cost Cutters Family Hair Care vs Phenix Salon Suites Franchise Comparison

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

Start-Up Costs and Fees
  Cost Cutters Family Hair Care Phenix Salon Suites
Investment 148930 - 316700 308130 - 1387420
Franchise Fee 0
Royalty Fee 6% $0.30/sq. ft.
Advertising Fee 4% $0.06/sq. ft.
Year Founded 1982 2007
Year Franchised 1982 2010
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Cost Cutters Family Hair Care Phenix Salon Suites
Experience General business experience Marketing skills Retail/service industry experience useful

Financing Options
  Cost Cutters Family Hair Care Phenix Salon Suites
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Cost Cutters Family Hair Care Phenix Salon Suites
Training On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed On-The-Job Training: 12 hours Classroom Training: 19 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 *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support
Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Ad Templates National Media Regional Advertising Social media Website development
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) Absentee ownership is allowed

Expansion Plans
  Cost Cutters Family Hair Care Phenix Salon Suites
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
Phenix Salon Suites
Franchise Fee
Cost Cutters Family Hair Care
Phenix Salon Suites
Royalty Fee
Cost Cutters Family Hair Care 6%
Phenix Salon Suites $0.30/sq. ft.
Advertising Fee
Cost Cutters Family Hair Care 4%
Phenix Salon Suites $0.06/sq. ft.
Year Founded
Cost Cutters Family Hair Care 1982
Phenix Salon Suites 2007
Year Franchised
Cost Cutters Family Hair Care 1982
Phenix Salon Suites 2010
Term Of Agreement
Cost Cutters Family Hair Care 15 years
Phenix Salon Suites 7 years
Renewal Fee
Cost Cutters Family Hair Care
Phenix Salon Suites


Business Experience Requirements
Experience
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful
Phenix Salon Suites

Financing Options
 
Franchise Fees
Cost Cutters Family Hair Care No
Phenix Salon Suites No
Start-up Costs
Cost Cutters Family Hair Care
Phenix Salon Suites
Equipment
Cost Cutters Family Hair Care}
Phenix Salon Suites
Inventory
Cost Cutters Family Hair Care
Phenix Salon Suites
Receivables
Cost Cutters Family Hair Care
Phenix Salon Suites
Payroll
Cost Cutters Family Hair Care
Phenix Salon Suites

Training & Support
Training
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Phenix Salon Suites On-The-Job Training: 12 hours Classroom Training: 19 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
Phenix Salon Suites *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support
Marketing
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
Phenix Salon Suites Ad Templates National Media Regional Advertising Social media Website development
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)
Phenix Salon Suites Absentee ownership is allowed

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
Phenix Salon Suites 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
Phenix Salon Suites
International Expansion
Cost Cutters Family Hair Care
Phenix Salon Suites