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Below is an in-depth analysis and side-by-side comparison of Inaara MedSpas vs Sharkey's Hair It Is including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $250,000 - $600,000 | $106,170 - $138,995 |
Franchise Fee | $100,000 | $99,995 |
Royalty Fee | 5% | $1000/Month |
Advertising Fee | - | - |
Year Founded | 2002 | - |
Year Franchised | 2003 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | We seek positive, customer focused people who are highly motivated with a desire and commitment to build a successful business while having fun. |
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Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | 4 day comprehensive training |
Support | Newsletter, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Site selection & negotiation *Salon design and layout *Grand opening and continuous marketing programs *On-site assistance during grand opening week *Owners meetings to discuss operations and marketing |
Marketing | Ad slicks, National media, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | For single salon owners we do not require you to work full-time or part-time in the salon. Multi-store owners should work part-time or hire a manager. |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
NO LONGER FRANCHISING