The Yellow Balloon vs Sharkey's Cuts For Kids Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Yellow Balloon vs Sharkey's Cuts For Kids including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
The Yellow Balloon Franchise
Sharkey's Cuts For Kids Franchise
Investment $55,000 - $103,500$163,420 - $222,995
Franchise Fee $25,000$129,995
Royalty Fee 4%$1000-$1,500/Month
Advertising Fee --
Year Founded 19832001
Year Franchised 20002004
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $2.5K-


Business Experience Requirements
 
The Yellow Balloon Franchise
Sharkey's Cuts For Kids Franchise
Experience
  • General business experience
  • Marketing skills

    • Focused, determined and looking for a good work-life balance

    Financing Options
     
    The Yellow Balloon Franchise
    Sharkey's Cuts For Kids Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    The Yellow Balloon Franchise
    Sharkey's Cuts For Kids Franchise
    Training -

    Training includes

    Purchasing and inventory procedures Quality control measures Retail Merchandising Point of sale instruction How to increase sales through add-on sales Financial controls Marketing, advertising and grand opening guidelines Business development and management Human Resources Support Grand Opening Training During your grand opening we will be there to provide support and assistance before and after your opening. On-Going Training Once your salon is open we continue to help you grow through regular field support at your location, telephone, local training sessions, monthly newsletters, and ongoing research and development that offer you and your team fresh innovative ideas.
    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
    Sharkey's Cuts For Kids 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 Sharkey's Cuts For Kids

    At Sharkey's Cuts for Kids, they know that kids and parents want something different with their haircut experience. So they provide it all: a superior haircut with warm, experienced stylists in a meticulously clean place filled with fun! Children can sit in a Harley Davidson Motorcycle, Barbie Car, Big Red Jeep, and Sparkling Silver Mercedes while watching their favorite DVD'S and videotapes. Older kids will love the chance to play Playstation 2 games and watch some of their favorite sporting events or music concerts through Direct TV, while getting their haircut!  And if you should be waiting for your haircut or just want to have fun, come visit their mini arcade full of children's rides, video games, and pinball machines, or shop for some great toys, gifts, or party favors! Take control of your future with a proven business and turn your dreams into reality with Sharkey's Cuts for Kids. We are the fastest-growing chain of children's hair salons in the United States, Europe, & Canada and we are seeking enthusiastic entrepreneurs to join our family. Our brilliant formula for success is all about our multiple sources of revenue that flow through our shops! Haircuts, birthday parties, toys, hair accessories, jewelry, and lots more.....
    You don't need to be a licensed cosmetologist or have previous hair-care experience to become a Sharkey's Cuts for Kids franchisee. The most important requirements are a great attitude and work ethic; a passion for interaction; a willingness to listen, learn and lead; and a desire to make your Sharkey's Cuts for Kids salon the very best it can be, each and every day. With Sharkey's Cuts for Kids, you are gaining an extraordinary opportunity thanks to a recession resistant $40 billion hair care industry, of which approximately $5 billion is spent on children. In addition, we set ourselves apart from other salons through our multiple sources of revenue, ease of operation and our outstanding franchisee support. If you are focused, determined and looking for a good work-life balance we want to talk to you.

    The total investment necessary to begin operation of a Single Sharkey’s Cuts for Kids (A-Package) franchise is approximately $163,420 to $222,995. This includes $129,995 to $123,495 that must be paid to the franchisor and/or its affiliate.
    The total investment necessary to begin operation of a Single Sharkey’s Cuts for Kids (B-Package) franchise is approximately $163,420 to $187,995. This includes $129,995 that must be paid to the franchisor and/or its affiliate.

    Veteran Incentives 5% off franchise fee
    #386 in Franchise 500 for 2021.  Not in Franchise 500 for 2020