Start-Up Costs and Fees |
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| Snip-Its | Lord's & Lady's Hair Salons | |
| Investment | 124595 - 220375 | 50000 - 175000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1992 | 1975 |
| Year Franchised | 2003 | 1980 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Snip-Its | Lord's & Lady's Hair Salons | |
| Experience | General business experience | |
Financing Options |
||
| Snip-Its | Lord's & Lady's Hair Salons | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Snip-Its | Lord's & Lady's Hair Salons | |
| Training | On-The-Job Training: 80 hours Classroom Training: 34 hours | Boston, MA 2-5 Days |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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| Snip-Its | Lord's & Lady's Hair Salons | |
| 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 | Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |
| Franchise Fee | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |
| Royalty Fee | |
| Snip-Its | 6% |
| Lord's & Lady's Hair Salons | 6% |
| Advertising Fee | |
| Snip-Its | 2% |
| Lord's & Lady's Hair Salons | |
| Year Founded | |
| Snip-Its | 1992 |
| Lord's & Lady's Hair Salons | 1975 |
| Year Franchised | |
| Snip-Its | 2003 |
| Lord's & Lady's Hair Salons | 1980 |
| Term Of Agreement | |
| Snip-Its | 10 years |
| Lord's & Lady's Hair Salons | 10 years +10 |
| Renewal Fee | |
| Snip-Its | 25% of initial fee |
| Lord's & Lady's Hair Salons | |
Business Experience Requirements |
|
| Experience | |
| Snip-Its | General business experience |
| Lord's & Lady's Hair Salons | |
Financing Options |
|
| Franchise Fees | |
| Snip-Its | No |
| Lord's & Lady's Hair Salons | No |
| Start-up Costs | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |
| Equipment | |
| Snip-Its} | |
| Lord's & Lady's Hair Salons | |
| Inventory | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |
| Receivables | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |
| Payroll | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |
Training & Support |
|
| Training | |
| Snip-Its | On-The-Job Training: 80 hours Classroom Training: 34 hours |
| Lord's & Lady's Hair Salons | Boston, MA 2-5 Days |
| Support | |
| Snip-Its | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Lord's & Lady's Hair Salons | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Marketing | |
| Snip-Its | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Lord's & Lady's Hair Salons | |
| Operations | |
| Snip-Its | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 |
| Lord's & Lady's Hair Salons | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
|
| US Expansion | |
| Snip-Its | 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 |
| Lord's & Lady's Hair Salons | Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont |
| Canada Expansion | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |
| International Expansion | |
| Snip-Its | |
| Lord's & Lady's Hair Salons | |