Cost Cutters Family Hair Care vs The Lash Lounge Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs The Lash Lounge including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
| Investment |
$148,930 - $316,700 | $178,471 - $495,152 |
| Franchise Fee |
$39,500 | $33,167 - $49,500 |
| Royalty Fee |
6% | 6% |
| Advertising Fee |
4% | 2% |
| Year Founded |
1982 | 2006 |
| Year Franchised |
1982 | 2010 |
| Term Of Agreement |
15 years | - |
| Term Of Agreement |
15 years | - |
| Renewal Fee |
- | - |
Business Experience Requirements |
| Experience |
General business experience Marketing skills Retail/service industry experience useful | - |
Financing Options |
| |
In-House/3rd Party | In-House/3rd Party |
| Franchise Fees |
No/No | -/- |
| Start-up Costs |
No/Yes | -/- |
| Equipment |
No/Yes | -/- |
| Inventory |
No/Yes | -/- |
| Receivables |
No/No | -/- |
| Payroll |
No/No | -/- |
Training & Support |
| Training |
On-the-job training: 46.5 hours
Classroom training: 24 hours
Additional training: As needed | Our training program consists of two weeks training with the corporate support team prior to opening for business and additional training and support following. We provide a comprehensive training program using combined methods of learning for all levels of employment within The Lash Lounge salon. |
| Support |
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 Templates
Regional Advertising
Social media
SEO
| - |
| Operations |
Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6
- 8
Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators) | - |
Expansion Plans |
| US Expansion |
Yes | Yes |
| Canada Expansion |
No | - |
| International Expansion |
No | - |
Company Overviews
About Cost Cutters Family Hair Care
In 1963, Joe Francis opened the first The Barbers Hairstyling for Men salon in Minnesota. Five years later, the salons began styling women's hair. In 1982, Francis diversified even more, founding family salon Cost Cutters. Twelve Cost Cutters centers opened that first year, and six years later, the 300th salon opened. Today, Cost Cutters is owned by Regis Corporation, a Minneapolis-based company that also owns a host of other hair salons, including City Looks, Regis Salons, Supercuts and We Care Hair.
Veteran Incentives $2,500 rebate on first-store franchise fee
#244 in Franchise 500 for 2020.
About The Lash Lounge
The Lash Lounge franchise provides women and men from all career and personal backgrounds with the opportunity to own your own business and get in on the ground floor of one of the fastest growing industries. The express, personal care services industry is growing quickly. The U.S. beauty industry is estimated to reach $63 billion by 2016, growing at a rate faster than the economy average. Lash Lounge owners enjoy the comforts of working in a relaxing, yet up-beat working environment, providing a service that helps people feel better about themselves and earn a desirable income - all while working a schedule that compliments their lifestyle.
Our franchise discovery process allows people like you to take a peek inside our business model, support infrastructure, comprehensive training, marketing platforms and company culture before joining the team!
Eyelash extensions are the newest revolution in the industry. The application of individual synthetic eyelash extensions by highly trained professionals gives the appearance of naturally longer, more lush eyelashes. Unlike drug store eyelash strips or clusters, eyelash extensions are adhered to the natural lash one-by-one and will last forever with regular maintenance. The service is growing in popularity with women everywhere because of the low-maintenance beauty routine and effortless glamour it offers.
The Lash Lounge provides a high-end customer experience using top of the line products, cutting edge techniques and excellent customer service.
What makes The Lash Lounge franchise different?
There is no direct franchise competition. We are the #1 eyelash extension franchise in the country!
Our award winning store design optimizes revenue potential while providing guests with a one-of-a-kind customer experience.
We provide all owners with comprehensive pre-opening training and a customized on-going support program to meet your needs.
All owners receive marketing and employee management training to replicate The Lash Lounge culture in their own salon.
Our service techniques, medical grade products, cutting edge tools and top-notch customer service outperforms the competition. Our repeat clientele trust The Lash Lounge brand and given us the reputation as "the best in the business".
No beauty industry experience is required. Just a desire to achieve your goals!
The total investment necessary to begin operation of a The Lash Lounge®
Salon ranges from $178,471 to $495,152. This includes the $70,863 to
$81,588 that must be paid to the franchisor or affiliate.
If you are
acquiring the right to open three or five locations under our
development agreement, instead of paying the franchisor the $49,500
initial franchise fee you will pay to us either $99,500 for the
development of three Salons or $149,500 for the development of five
Salons under the terms of their development agreement.
#312 in Franchise 500 for 2020.
#105 in Franchise 500 for 2021.
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