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Updated RecentlyThe Yellow Balloon vs Fantastic Sams Hair Salons Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Yellow Balloon vs Fantastic Sams Hair Salons including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $55,000 - $103,500 | $215,000 - $479,000 |
| Franchise Fee | $25,000 | $30,000 |
| Royalty Fee | 4% | $362+/wk. |
| Advertising Fee | - | $142/week |
| Year Founded | 1983 | 1974 |
| Year Franchised | 2000 | 1976 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | $2.5K | Varies |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | No/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/Yes |
| Payroll | No/No | No/Yes |
Training & Support |
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| Training | - | Available in MA: 1 week Salon Fundamentals At regional office: ongoing On-The-Job Training: ongoing Classroom Training: 32 hours |
| 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 National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | No |
Company Overviews
About The Yellow Balloon
Nadia Pidgeon opened her first The Yellow Balloon children's hair salon in 1976 near UCLA and a second location five years later near Universal Studios, serving the children of celebrities, like Warren Beatty, and child stars, like the Olsen Twins. The company began franchising in 2000.
Each The Yellow Balloon salon caters to kids, featuring mini-arcades and toy boxes, and offering young customers balloons, cookies and popcorn. To commemorate a baby's first haircut, parents are given a framed photo, certificate and lock of hair. Adults can also have their hair cut at The Yellow Balloon.
About Fantastic Sams Hair Salons
Join a Franchise that:
* Is Recession Resistant
* Is A Leader in its Category
* Does not require previous experience
* Has a low investment
* Offers Single & Multi-Unit Development Opportunities
Owning a Fantastic Sams Hair Salon franchise is a great investment because:
* The hair care business is large, growing, recession resistant and immune to technology or other competitive forces. Hair is always growing and the demand for more services and personal attention by today's consumer creates a great opportunity for the right hair salon business model. The American Salon's Green Book, the bible of the salon business, cites numerous hair care business trends that greatly favor the Fantastic Sams hair salon franchise model
* As a leading hair salon franchise, Fantastic Sams Hair Salon has been featured in some of the top industry and business publications
o Entrepreneur Magazine
o Franchise 500 - #1 Full Service Hair Salon Franchise; #50 overall
o Franchise Times - #54 of Top 200 Franchises
o Black Enterprise - Top Franchises for African Americans
o Poder Enterprise Magazine - Top Franchises for Hispanics
o USA Today - Top Franchises for Minorities
* You don't need to have any previous experience in the Hair Salon Business. Whether you are interested in developing single or multiple salons, as an owner of a Fantastic Sams Hair Salon Franchise, each day you'll work on your business, not in your business. Using your skills in marketing, employee relations, and business management, you dictate the success of your salon or salons.
* In the hair care business, Fantastic Sams Hair Salon fills a large niche that no one else is exploiting - the full-service salon at reasonable prices. And with a low initial investment, owning a Fantastic Sams Hair Salon Franchise is a great business decision.
Veteran Incentives 25% off franchise fee
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