The Yellow Balloon vs Cost Cutters Family Hair Care Franchise Comparison

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

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


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

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

Training & Support
  The Yellow Balloon Cost Cutters Family Hair Care
Training On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
Marketing Co-op advertising, Ad slicks, National media, Regional advertising Co-op Advertising Ad Templates Regional Advertising Social media SEO
Operations Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. 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
  The Yellow Balloon 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
The Yellow Balloon
Cost Cutters Family Hair Care
Franchise Fee
The Yellow Balloon
Cost Cutters Family Hair Care
Royalty Fee
The Yellow Balloon 4%
Cost Cutters Family Hair Care 6%
Advertising Fee
The Yellow Balloon
Cost Cutters Family Hair Care 4%
Year Founded
The Yellow Balloon 1983
Cost Cutters Family Hair Care 1982
Year Franchised
The Yellow Balloon 2000
Cost Cutters Family Hair Care 1982
Term Of Agreement
The Yellow Balloon 5 years
Cost Cutters Family Hair Care 15 years
Renewal Fee
The Yellow Balloon $2.5K
Cost Cutters Family Hair Care


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

Financing Options
 
Franchise Fees
The Yellow Balloon Yes
Cost Cutters Family Hair Care Yes
Start-up Costs
The Yellow Balloon
Cost Cutters Family Hair Care
Equipment
The Yellow Balloon}
Cost Cutters Family Hair Care
Inventory
The Yellow Balloon
Cost Cutters Family Hair Care
Receivables
The Yellow Balloon
Cost Cutters Family Hair Care
Payroll
The Yellow Balloon
Cost Cutters Family Hair Care

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