Start-Up Costs and Fees |
||
| Phenix Salon Suites | The Yellow Balloon | |
| Investment | 308130 - 1387420 | 55000 - 103500 |
| Franchise Fee | 0 | |
| Royalty Fee | $0.30/sq. ft. | 4% |
| Advertising Fee | $0.06/sq. ft. | |
| Year Founded | 2007 | 1983 |
| Year Franchised | 2010 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Phenix Salon Suites | The Yellow Balloon | |
| Experience | General business experience Marketing skills | |
Financing Options |
||
| Phenix Salon Suites | The Yellow Balloon | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Phenix Salon Suites | The Yellow Balloon | |
| Training | On-The-Job Training: 12 hours Classroom Training: 19 hours | |
| Support | *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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad Templates National Media Regional Advertising Social media Website development | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | Absentee ownership is allowed | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Phenix Salon Suites | 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 | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
| Franchise Fee | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
| Royalty Fee | |
| Phenix Salon Suites | $0.30/sq. ft. |
| The Yellow Balloon | 4% |
| Advertising Fee | |
| Phenix Salon Suites | $0.06/sq. ft. |
| The Yellow Balloon | |
| Year Founded | |
| Phenix Salon Suites | 2007 |
| The Yellow Balloon | 1983 |
| Year Franchised | |
| Phenix Salon Suites | 2010 |
| The Yellow Balloon | 2000 |
| Term Of Agreement | |
| Phenix Salon Suites | 7 years |
| The Yellow Balloon | 5 years |
| Renewal Fee | |
| Phenix Salon Suites | |
| The Yellow Balloon | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Phenix Salon Suites | |
| The Yellow Balloon | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
| Start-up Costs | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
| Equipment | |
| Phenix Salon Suites} | |
| The Yellow Balloon | |
| Inventory | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
| Receivables | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
| Payroll | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
Training & Support |
|
| Training | |
| Phenix Salon Suites | On-The-Job Training: 12 hours Classroom Training: 19 hours |
| The Yellow Balloon | |
| Support | |
| 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 |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Phenix Salon Suites | Ad Templates National Media Regional Advertising Social media Website development |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Phenix Salon Suites | Absentee ownership is allowed |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| 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 |
| The Yellow Balloon | |
| Canada Expansion | |
| Phenix Salon Suites | |
| The Yellow Balloon | |
| International Expansion | |
| Phenix Salon Suites | |
| The Yellow Balloon | |