DRNK coffee + tea and Qwench juice bar vs The Lash Lounge Franchise Comparison

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

Start-Up Costs and Fees
 
DRNK coffee + tea and Qwench juice bar Franchise
The Lash Lounge Franchise
Investment $253,000 - $516,000$178,471 - $495,152
Franchise Fee $40,000$33,167 - $49,500
Royalty Fee 6%6%
Advertising Fee 3%2%
Year Founded 20132006
Year Franchised 20132010
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
DRNK coffee + tea and Qwench juice bar Franchise
The Lash Lounge Franchise
Experience * 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
 
DRNK coffee + tea and Qwench juice bar Franchise
The Lash Lounge Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/Yes-/-
Receivables No/Yes-/-
Payroll No/Yes-/-

Training & Support
 
DRNK coffee + tea and Qwench juice bar Franchise
The Lash Lounge Franchise
Training On-The-Job Training: 112 hours Classroom Training: 8 hours

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 Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform -
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app -
Operations Absentee Ownership Allowed -

Expansion Plans
 
DRNK coffee + tea and Qwench juice bar Franchise
The Lash Lounge Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion Yes-

Company Overviews

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    

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.


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