Start-Up Costs and Fees |
||
| Sona MedSpa | Cost Cutters Family Hair Care | |
| Investment | 382000 - 747500 | 148930 - 316700 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 10.75% | 6% |
| Advertising Fee | 4% | |
| Year Founded | 1997 | 1982 |
| Year Franchised | 2002 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Sona MedSpa | Cost Cutters Family Hair Care | |
| Experience | Industry experience General business experience Marketing skills Strong interpersonal skills | General business experience Marketing skills Retail/service industry experience useful |
Financing Options |
||
| Sona MedSpa | Cost Cutters Family Hair Care | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Sona MedSpa | Cost Cutters Family Hair Care | |
| Training | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed | |
| Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | Ad slicks | 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 |
||
| Sona MedSpa | Cost Cutters Family Hair Care | |
| 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 | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |
| Franchise Fee | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |
| Royalty Fee | |
| Sona MedSpa | 10.75% |
| Cost Cutters Family Hair Care | 6% |
| Advertising Fee | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | 4% |
| Year Founded | |
| Sona MedSpa | 1997 |
| Cost Cutters Family Hair Care | 1982 |
| Year Franchised | |
| Sona MedSpa | 2002 |
| Cost Cutters Family Hair Care | 1982 |
| Term Of Agreement | |
| Sona MedSpa | 15 years |
| Cost Cutters Family Hair Care | 15 years |
| Renewal Fee | |
| Sona MedSpa | 25% of franchise fee |
| Cost Cutters Family Hair Care | |
Business Experience Requirements |
|
| Experience | |
| Sona MedSpa | Industry experience General business experience Marketing skills Strong interpersonal skills |
| Cost Cutters Family Hair Care | General business experience Marketing skills Retail/service industry experience useful |
Financing Options |
|
| Franchise Fees | |
| Sona MedSpa | No |
| Cost Cutters Family Hair Care | No |
| Start-up Costs | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |
| Equipment | |
| Sona MedSpa} | |
| Cost Cutters Family Hair Care | |
| Inventory | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |
| Receivables | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |
| Payroll | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |
Training & Support |
|
| Training | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed |
| Support | |
| Sona MedSpa | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| 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 |
| Marketing | |
| Sona MedSpa | Ad slicks |
| Cost Cutters Family Hair Care | Co-op Advertising Ad Templates Regional Advertising Social media SEO |
| Operations | |
| Sona MedSpa | |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Sona MedSpa | |
| 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 |
| Canada Expansion | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |
| International Expansion | |
| Sona MedSpa | |
| Cost Cutters Family Hair Care | |