Cost Cutters Family Hair Care vs The Yellow Balloon Franchise Comparison

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

Start-Up Costs and Fees
  Cost Cutters Family Hair Care The Yellow Balloon
Investment 148930 - 316700 55000 - 103500
Franchise Fee 0 0
Royalty Fee 6% 4%
Advertising Fee 4%
Year Founded 1982 1983
Year Franchised 1982 2000
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Cost Cutters Family Hair Care The Yellow Balloon
Experience General business experience Marketing skills Retail/service industry experience useful General business experience Marketing skills

Financing Options
  Cost Cutters Family Hair Care The Yellow Balloon
 
Franchise Fees No Yes
Start-up Costs No No
Equipment No No
Inventory No No
Receivables No No
Payroll No No

Training & Support
  Cost Cutters Family Hair Care The Yellow Balloon
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 Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Co-op advertising, Ad slicks, National media, Regional advertising
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) Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed.

Expansion Plans
  Cost Cutters Family Hair Care The Yellow Balloon
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
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Cost Cutters Family Hair Care
The Yellow Balloon
Franchise Fee
Cost Cutters Family Hair Care
The Yellow Balloon
Royalty Fee
Cost Cutters Family Hair Care 6%
The Yellow Balloon 4%
Advertising Fee
Cost Cutters Family Hair Care 4%
The Yellow Balloon
Year Founded
Cost Cutters Family Hair Care 1982
The Yellow Balloon 1983
Year Franchised
Cost Cutters Family Hair Care 1982
The Yellow Balloon 2000
Term Of Agreement
Cost Cutters Family Hair Care 15 years
The Yellow Balloon 5 years
Renewal Fee
Cost Cutters Family Hair Care
The Yellow Balloon $2.5K


Business Experience Requirements
Experience
Cost Cutters Family Hair Care General business experience Marketing skills Retail/service industry experience useful
The Yellow Balloon General business experience Marketing skills

Financing Options
 
Franchise Fees
Cost Cutters Family Hair Care No
The Yellow Balloon No
Start-up Costs
Cost Cutters Family Hair Care
The Yellow Balloon
Equipment
Cost Cutters Family Hair Care}
The Yellow Balloon
Inventory
Cost Cutters Family Hair Care
The Yellow Balloon
Receivables
Cost Cutters Family Hair Care
The Yellow Balloon
Payroll
Cost Cutters Family Hair Care
The Yellow Balloon

Training & Support
Training
Cost Cutters Family Hair Care On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
The Yellow Balloon
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
The Yellow Balloon Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing
Cost Cutters Family Hair Care Co-op Advertising Ad Templates Regional Advertising Social media SEO
The Yellow Balloon Co-op advertising, Ad slicks, National media, Regional advertising
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)
The Yellow Balloon Number of employees needed to run franchised unit: 6 Absentee ownership of franchise 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
The Yellow Balloon
Canada Expansion
Cost Cutters Family Hair Care
The Yellow Balloon
International Expansion
Cost Cutters Family Hair Care
The Yellow Balloon