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Updated RecentlyFirst Choice Haircutters vs Beaners Fun Cuts for Kids Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of First Choice Haircutters vs Beaners Fun Cuts for Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $163,880 - $302,600 | $120,000 - $185,000 |
| Franchise Fee | $29,500 - $49,500 | $25,000 |
| Royalty Fee | 5% - 7% | 6% |
| Advertising Fee | 3% | 3% |
| Year Founded | 1980 | 1996 |
| Year Franchised | 1982 | 1997 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | To $3K | - |
Business Experience Requirements |
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| Experience | The Franchisees most able to reap the rewards of franchising have a strong sense of purpose. They tend to be dynamic individuals who superimpose their creative talents upon those of the franchisor to refine the system. They are of high integrity, customer focused and team builders. The following is a list of some of the characteristics we look for when considering an application: * A Strong Desire to Achieve Goals (both personally and in business) * Customer Focused * A Team Player * High Level of Integrity * Passion * Be Involved With the Community Around You * The Ability to Get, Keep Very Satisfied Customers * The Willingness and Ability to Personally Devote the Necessary Time and Effort in the Day-To-Day Operations of the Business * Understanding that you are a Vital Part of the Beaners Fun Cuts for Kids Franchise and to Grow the Brand and Create Awareness in Your Market | |
Financing Options |
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| 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 |
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| Training | Classroom Training: 5 days | You will be required to successfully complete the 2 week training period in Calgary, Alberta, Canada. During that time you will be spending 4 days at Head Office for one on one training. The remaining time will be spent in our "Training" location so you experience first hand the day to day operations of a Beaners location. |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection | - |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO | - |
| 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) | Beaners does not require a full-time commitment from you but you must be involved in the day-to-day operations of your business. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
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.
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#102 in Canada's Top franchises.
About Beaners Fun Cuts for Kids
Beaners Fun Cuts For Kids is a family-focused hair salon created with kids in mind. We are here to make haircuts fun for kids and create a welcoming and relaxing experience for parents.