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Below is an in-depth analysis and side-by-side comparison of Nature's Soap Dish vs Spa Ladi-Da including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $80,000 | $171,000 - $232,000 |
Franchise Fee | $25,000 | N/A |
Royalty Fee | 3% | - |
Advertising Fee | - | - |
Year Founded | 2000 | 2006 |
Year Franchised | 2002 | 2007 |
Term Of Agreement | 2 years | - |
Term Of Agreement | 2 years | - |
Renewal Fee | $1K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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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 |
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Nature's Soap Dish is on the pages of http://www.franchisefailure.com/natures-soap-dish-franchise-failure/
Billed as “a pampering retreat for girls,” Spa’ Ladi-da! is a spa
designed for girls ages 7 to 14, so naturally hot pink, lime green and
other bright colors adorn the walls of this tween-focused store. Young
clients can be found dancing to hip-hop, top 40, inspirational and other
age-appropriate music videos that play nonstop. After getting their
makeovers or manicures, the girls can relax on oversized beanbags, sip
tasty drinks and munch on healthy foods.
Spa’ Ladi-da! is the brainchild of Detra Jones, a Charlotte,
NC-area mother of two girls, who came up with the idea more than a year
before the store’s grand opening last October. “My daughters were 10 and
12 at the time,” she says. “When I went to get my nails done, sometimes
they came with me. But I realized there wasn’t a place designed for
them.” She thought that there ought to be such a place.
Jones shared her idea with her husband, Victor, who immediately
knew his wife had hit on something. “For me, it was a no-brainer,” says
Victor. “I knew it was something that my girls would love,” he says.