Start-Up Costs and Fees |
||
| Snip-Its | The Yellow Balloon | |
| Investment | 124595 - 220375 | 55000 - 103500 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 4% |
| Advertising Fee | 2% | |
| Year Founded | 1992 | 1983 |
| Year Franchised | 2003 | 2000 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Snip-Its | The Yellow Balloon | |
| Experience | General business experience | General business experience Marketing skills |
Financing Options |
||
| Snip-Its | 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 |
||
| Snip-Its | The Yellow Balloon | |
| Training | On-The-Job Training: 80 hours Classroom Training: 34 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| Snip-Its | 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 | |
| Snip-Its | |
| The Yellow Balloon | |
| Franchise Fee | |
| Snip-Its | |
| The Yellow Balloon | |
| Royalty Fee | |
| Snip-Its | 6% |
| The Yellow Balloon | 4% |
| Advertising Fee | |
| Snip-Its | 2% |
| The Yellow Balloon | |
| Year Founded | |
| Snip-Its | 1992 |
| The Yellow Balloon | 1983 |
| Year Franchised | |
| Snip-Its | 2003 |
| The Yellow Balloon | 2000 |
| Term Of Agreement | |
| Snip-Its | 10 years |
| The Yellow Balloon | 5 years |
| Renewal Fee | |
| Snip-Its | 25% of initial fee |
| The Yellow Balloon | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Snip-Its | General business experience |
| The Yellow Balloon | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Snip-Its | No |
| The Yellow Balloon | No |
| Start-up Costs | |
| Snip-Its | |
| The Yellow Balloon | |
| Equipment | |
| Snip-Its} | |
| The Yellow Balloon | |
| Inventory | |
| Snip-Its | |
| The Yellow Balloon | |
| Receivables | |
| Snip-Its | |
| The Yellow Balloon | |
| Payroll | |
| Snip-Its | |
| The Yellow Balloon | |
Training & Support |
|
| Training | |
| Snip-Its | On-The-Job Training: 80 hours Classroom Training: 34 hours |
| The Yellow Balloon | |
| 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 |
| The Yellow Balloon | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Snip-Its | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| The Yellow Balloon | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Snip-Its | 75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 |
| The Yellow Balloon | Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
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 |
| The Yellow Balloon | |
| Canada Expansion | |
| Snip-Its | |
| The Yellow Balloon | |
| International Expansion | |
| Snip-Its | |
| The Yellow Balloon | |