Hair Cuttery vs Paramount Home Beauty Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hair Cuttery vs Paramount Home Beauty including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Hair Cuttery Franchise
Paramount Home Beauty Franchise
Investment $120,500 - $283,000$44,100
Franchise Fee $15,000 - $25,000$14,800
Royalty Fee 4.5-5%5%
Advertising Fee --
Year Founded 19742004
Year Franchised 20042006
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee 25% of franchise fee-


Business Experience Requirements

 
Hair Cuttery Franchise
Paramount Home Beauty Franchise
Experience --

Financing Options

 
Hair Cuttery Franchise
Paramount Home Beauty Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/-
Start-up Costs No/Yes-/-
Equipment No/Yes-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Hair Cuttery Franchise
Paramount Home Beauty Franchise
Training -* Available at headquarters: 5 days

* At franchisee's location: 5 days (optional)

Support --
Marketing --
Operations -* Franchise can be run from home

* Number of employees needed to run franchised unit: 6 - 20

* Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)


Expansion Plans

 
Hair Cuttery Franchise
Paramount Home Beauty Franchise
US Expansion --
Canada Expansion No-
International Expansion No-

Company Overviews

About Hair Cuttery

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.



About Paramount Home Beauty

Paramount Home Beauty has launched its breakthrough concept in delivering salon and spa services to individuals restricted to their homes, hospital bed, skilled nursing facility, assisted living and/or nursing home due to medical reasons.