|
Below is an in-depth analysis and side-by-side comparison of SportClips vs Bernard's Salon & Day Spa including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $233,800 - $388,300 | $520,000 - $638,500 |
Franchise Fee | $25,000 - $59,500 | $35,000 |
Royalty Fee | 6% | 3% |
Advertising Fee | 5% | - |
Year Founded | 1993 | 1992 |
Year Franchised | 1995 | 2001 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $3.5K | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
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 | - |
Operations |
Franchisees required to buy multiple units/master licenses; 98% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 12
Absentee ownership of franchise is allowed. (32% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
We're award-winners...Chosen Salon of the Year in 1996 by Salon Today...featured in Harper's Bazaar...professionals committed to be the best, to always make you look and feel your best. We're a full-service salon...The place to relax and be pampered...featuring the latest in cuts and colors, perms, skin and body spa services...manicures and pedicures... massage...make-up...MediSpa services. We're open every day...Enter a new world of beauty with such convenience...any day, even Sunday. The Salon & Spa is now open until midnight on Tuesday, Wednesday and Thursday. You'll love the high-fashion atmosphere of our award-winning decor -- so call now for an enjoyable appointment