Start-Up Costs and Fees |
||
| Cost Cutters Family Hair Care | Salon Professional Education Company (SPEC) | |
| Investment | 148930 - 316700 | 145500 - 1111000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | 4% | |
| Year Founded | 1982 | 2004 |
| Year Franchised | 1982 | 2018 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Cost Cutters Family Hair Care | Salon Professional Education Company (SPEC) | |
| Experience | General business experience Marketing skills Retail/service industry experience useful | |
Financing Options |
||
| Cost Cutters Family Hair Care | Salon Professional Education Company (SPEC) | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Cost Cutters Family Hair Care | Salon Professional Education Company (SPEC) | |
| 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 | Salon Professional Education Company (SPEC) | |
| 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 | |
| Salon Professional Education Company (SPEC) | |
| Franchise Fee | |
| Cost Cutters Family Hair Care | |
| Salon Professional Education Company (SPEC) | |
| Royalty Fee | |
| Cost Cutters Family Hair Care | 6% |
| Salon Professional Education Company (SPEC) | |
| Advertising Fee | |
| Cost Cutters Family Hair Care | 4% |
| Salon Professional Education Company (SPEC) | |
| Year Founded | |
| Cost Cutters Family Hair Care | 1982 |
| Salon Professional Education Company (SPEC) | 2004 |
| Year Franchised | |
| Cost Cutters Family Hair Care | 1982 |
| Salon Professional Education Company (SPEC) | 2018 |
| Term Of Agreement | |
| Cost Cutters Family Hair Care | 15 years |
| Salon Professional Education Company (SPEC) | |
| Renewal Fee | |
| Cost Cutters Family Hair Care | |
| Salon Professional Education Company (SPEC) | |
Business Experience Requirements |
|
| Experience | |
| Cost Cutters Family Hair Care | General business experience Marketing skills Retail/service industry experience useful |
| Salon Professional Education Company (SPEC) | |
Financing Options |
|
| Franchise Fees | |
| Cost Cutters Family Hair Care | No |
| Salon Professional Education Company (SPEC) | No |
| Start-up Costs | |
| Cost Cutters Family Hair Care | |
| Salon Professional Education Company (SPEC) | |
| Equipment | |
| Cost Cutters Family Hair Care} | |
| Salon Professional Education Company (SPEC) | |
| Inventory | |
| Cost Cutters Family Hair Care | |
| Salon Professional Education Company (SPEC) | |
| Receivables | |
| Cost Cutters Family Hair Care | |
| Salon Professional Education Company (SPEC) | |
| Payroll | |
| Cost Cutters Family Hair Care | |
| Salon Professional Education Company (SPEC) | |
Training & Support |
|
| Training | |
| Cost Cutters Family Hair Care | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed |
| Salon Professional Education Company (SPEC) | |
| 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 |
| Salon Professional Education Company (SPEC) | |
| Marketing | |
| Cost Cutters Family Hair Care | Co-op Advertising Ad Templates Regional Advertising Social media SEO |
| Salon Professional Education Company (SPEC) | |
| 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) |
| Salon Professional Education Company (SPEC) | |
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 |
| Salon Professional Education Company (SPEC) | 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 | |
| Salon Professional Education Company (SPEC) | |
| International Expansion | |
| Cost Cutters Family Hair Care | |
| Salon Professional Education Company (SPEC) | |