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Below is an in-depth analysis and side-by-side comparison of Cookie Cutters vs Hair Cuttery including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $132,000 - $339,500 | $120,500 - $283,000 |
Franchise Fee | $40,000 | $15,000 - $25,000 |
Royalty Fee | 5% | 4.5-5% |
Advertising Fee | 1% | - |
Year Founded | 1994 | 1974 |
Year Franchised | 1996 | 2004 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | 25% of franchise fee |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | No/Yes |
Start-up Costs | -/Yes | No/Yes |
Equipment | -/Yes | No/Yes |
Inventory | -/Yes | No/No |
Receivables | -/Yes | No/No |
Payroll | -/Yes | No/No |
Training & Support |
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Training | On-The-Job Training: As needed Classroom Training: 4-5 days | - |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 4 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | No |
International Expansion | No | No |
Cookie Cutters have been operating children’s hair salons since 1994 with franchised outlets since 1996. This experience is designed to help our franchisees operate children’s salons without prior experience in the hair industry.
We train our operators completely using our confidential operations guide that was developed through the years using input from all our network of operators and employees. Your entire staff will be trained before opening to ensure quality in operations and customer service.
Experiencing a Cookie Cutters Haircuts for Kids hair cut is an interactive experience. Our stylists are trained to guide the child and their family through the experience whether it is a first haircut, or an experienced styling. Our unique store design with an in-store playground and games sets us apart from other hair salons.
NO LONGER FRANCHISING
For franchisees that enter into a
Development Agreement for the establishment of multiple SALONS, the initial
franchise fee is as follows:
*
First SALON $25,000
*
Second to Fifth SALON $20,000
*
Sixth or more SALONS $15,000
The fee for the first SALON is paid
to us when you sign the Development Agreement. The fees for the additional
SALONS are paid when you sign the Franchise Agreement for each SALON.
In addition to the initial franchise
fee for each SALON, you must also pay us, when you sign the Development
Agreement, a multiple unit development fee of $5,000 multiplied by the number
of SALONS to be developed under the Development Schedule.
For illustrative purposes only, if
you enter into a Development Agreement for ten SALONS, the initial ''franchise
fee and development fee payable to us at the time you enter into the agreements
will be as follows:
Initial Franchise Fee $25,000
Units Two through Ten $45.000 (9 x $5,000)
Total Fees Due $70.000
Multiple unit franchisees can expect
to have additional capital and operating expenses which single unit franchisees
may or may not incur. For example, we may provide our multi-SALON franchisees a
continuing royalty credit of V2 of one percent. To qualify for this credit you
will likely require an office, training capabilities, multi-unit management and
other support personnel. We have not included these additional costs in the
above projections as they will likely not occur with the opening of your first
SALON, nor are they reasonably estimated due to the uniqueness of each
multi-SALON franchisee''s independent business determinations.
Unless otherwise noted above, all of
the above fees are uniform and none of the above fees are refundable to you.