First Choice Haircutters vs DRNK coffee + tea and Qwench juice bar Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of First Choice Haircutters vs DRNK coffee + tea and Qwench juice bar including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
First Choice Haircutters Franchise
DRNK coffee + tea and Qwench juice bar Franchise
Investment $163,880 - $302,600$253,000 - $516,000
Franchise Fee $29,500 - $49,500$40,000
Royalty Fee 5% - 7%6%
Advertising Fee 3%3%
Year Founded 19802013
Year Franchised 19822013
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee To $3K-


Business Experience Requirements
 
First Choice Haircutters Franchise
DRNK coffee + tea and Qwench juice bar Franchise
Experience
  • General business experience
  • Customer-service oriented, management skills
    		• * Experience as a multi-unit food or retail operator with successful development experience in a metropolitan area * Appropriate capitalization * An ability to lead and successfully drive growth through company owned (?) and sub-franchised locations * Creative and innovative thinking and a desire to be all-in passionate about the DRNK coffee + tea® brand * A strong commitment to community * A desire to be really great at this!

    Financing Options
     
    First Choice Haircutters Franchise
    DRNK coffee + tea and Qwench juice bar Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/Yes

    Training & Support
     
    First Choice Haircutters Franchise
    DRNK coffee + tea and Qwench juice bar Franchise
    Training Classroom Training: 5 days On-The-Job Training: 112 hours Classroom Training: 8 hours
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Purchasing Co-ops Newsletter Meetings/Conventions 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 Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations 63% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		 Absentee Ownership Allowed

    Expansion Plans
     
    First Choice Haircutters Franchise
    DRNK coffee + tea and Qwench juice bar Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About First Choice Haircutters

    In 1980, A. Bud Cowan started First Choice Haircutters as a low-priced hair salon for the entire family, offering a 'no appointment necessary' concept for on-the-go customers. Two years later, the company started franchising the concept. With over 300 locations in Canada and the United States, First Choice Haircutters offers affordable, professional hair care in bright, contemporary salons.

    "Top

    #102 in Canada's Top franchises.

    About DRNK coffee + tea and Qwench juice bar

    DRNK coffee + tea and Qwench juice bar was first opened in Los Angeles in October 2013. Since then, our units have created a popular spot for the millennials of Southern California. DRNK coffee + tea and Qwench juice bar has launched a franchise program to generate a chain of stores with motivated owner-operaters. The current Company-owned locations (and future openings) will act as the prototypes and training centers for new franchisees and will maintain a similar look and feel as the Company expands into new markets.

    DRNK coffee + tea and Qwench juice bar will be franchising the Company’s operations in order to bring the expertly engineered coffee and tea menu to all parts of the United States. Through franchise development, DRNK coffee + tea and Qwench juice bar will give you the ability to operate locations in new markets and areas without the cost and management responsibilities that would come with widely distributed Company-owned outlets.

    The DRNK coffee + tea and Qwench juice bar system is well positioned and poised for growth with a proven track record and a highly experienced operations and management team. The business model is a traditional quick service beverage concept where customers can order from the diverse menu of hot and cold coffees and teas, many USDA-certified as organic and Fair Trade, imaginative DRNK beverages and the most popular beverages, and the most requested breakfast items and Panini sandwiches, wraps, and salads, all freshly made in the store.

    The DRNK coffee + tea and Qwench juice bar business model is simple and structured efficiently to provide profitability and ease of operating management, which allows for efficiency of replication and implementation of a training program with new franchise partners that is both easy to follow, learn, and implement.

    Seeking new franchise units throughout the U.S., Asia, Australia/New Zealand, Canada, Central America, Eastern Europe, Middle East, Mexico, Philippines, South America and Western Europe