The Yellow Balloon vs Sola Salon Studios Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Yellow Balloon vs Sola Salon Studios including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
The Yellow Balloon Franchise
Sola Salon Studios Franchise
Investment $55,000 - $103,500$531,150 - $1,714,370
Franchise Fee $25,000$55,000
Royalty Fee 4%5.5%
Advertising Fee -2%
Year Founded 19832003
Year Franchised 20002005
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $2.5K-


Business Experience Requirements
 
The Yellow Balloon Franchise
Sola Salon Studios Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    The Yellow Balloon Franchise
    Sola Salon Studios Franchise
      In-House/3rd PartyIn-House/3rd Party
    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 Franchise
    Sola Salon Studios Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    The Yellow Balloon Franchise
    Sola Salon Studios Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion 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 Sola Salon Studios

    The totally unique approach of Sola Salon Studios is that we provide high impact, modern, and upscale rental space in a "salon mall" concept that allows salon professionals the opportunity to have their own business and make more money without the risks and challenges of owning a conventional salon....all for the same rate as a chair rental, and often less.
    License individual turn-key salon studios to independent salon professionals under the trade name “Sola Salon Studios” using their unique system of build-out.

    "Entrepreneur

    #75 in Franchise 500 for 2020.
    #26 in Franchise 500 for 2021.