The Yellow Balloon vs Phenix Salon Suites Franchise Comparison

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

Start-Up Costs and Fees
 
The Yellow Balloon Franchise
Phenix Salon Suites Franchise
Investment $55,000 - $103,500$308,130 - $1,387,420
Franchise Fee $25,000$49,500
Royalty Fee 4%$0.30/sq. ft.
Advertising Fee -$0.06/sq. ft.
Year Founded 19832007
Year Franchised 20002010
Term Of Agreement 5 years7 years
Term Of Agreement 5 years7 years
Renewal Fee $2.5K-


Business Experience Requirements
 
The Yellow Balloon Franchise
Phenix Salon Suites Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    The Yellow Balloon Franchise
    Phenix Salon Suites Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/Yes
    Start-up Costs No/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support
     
    The Yellow Balloon Franchise
    Phenix Salon Suites Franchise
    Training -On-The-Job Training: 12 hours Classroom Training: 19 hours
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

    *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support

    Marketing Co-op advertising, Ad slicks, National media, Regional advertisingAd Templates National Media Regional Advertising Social media Website development
    Operations

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is allowed.

    		Absentee ownership is allowed

    Expansion Plans
     
    The Yellow Balloon Franchise
    Phenix Salon Suites 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 Phenix Salon Suites

    Phenix Salon Suites is the fastest growing "Salon Suite' concept in the US, and the only Salon Suite / Studio concept to make the top 500 Ranking by Entrepreneur Magazine. The company began expanding in 2012 and opened 26 new locations in 2012. The company has 75 new locations that will open during 2013 and over 300 locations are currently scheduled to be opened in the next couple of years. The rapid growth of Phenix Salon Suites has been through the "Salon Community". The Phenix Salon Suites difference is in truly understanding the Salon Professional and what they go through on a daily basis. After all, the founder of Phenix Salon Suites (Gina Rivera) still works in a suite several days a week as a Hair Dresser. A deep love and passion for the "Salon Industry" and truly caring for every Salon Professional that is part of the Phenix Salon Suites family is what we are about.
    Phenix Salon Suites was founded by a family of Salon Professionals with over 75 years of experience in the Salon Industry. Salon Professionals used to only have two choices to provide their services to customers. One was to work on a commission basis and take home about 40% of their earnings or to work under a booth rent situation and still answer to a Salon Owner. Phenix Salon Suites pioneered a new vision in Colorado Springs, CO in 2007 and that was to give Salon Professionals the opportunity to run their own Salon Business at a fraction of the cost it takes to open a full fledged salon and for about the same amount that Salon Professionals pay for "Booth Rent". The concept was an immediate success and the founders began to expand their locations.You NOW have the opportunity to capitalize on this exciting concept and gain financial freedom.
    The Right Concept
    The Salon industry is a recession resistant $60 Billion Dollar industry. A Phenix Salon Suites Franchise gives you the unique opportunity to capitalize on this industry with absolutely no salon experience needed.
    The Right Opportunity
    You can now take control of your future and grow your own business. Spend more time with your family and enjoy financial freedom. Work smarter and not harder - most locations can be run by absentee owners.
    A Phenix Salon Suites Franchise
    *Salon Suites are the future in the Salon Industry
    *Over 900,000 licensed salon professionals in the U.S. alone
    *Absentee owner opportunity - most locations run themselves
    *Much lower investment than many franchise opportunities
    *Recession resistant industry
    *Rewarding business opportunity
    *Protected territories
    *Low "Flat Rate" royalty
    *You can keep your current job - IF YOU WANT

    Seeking new franchise units in the U.S., Canada,and Western Europe    
    Veteran Incentives  20% off franchise fee
    "Entrepreneur
    #138 in Franchise 500 for 2020.
    #64 in Franchise 500 for 2021.