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Below is an in-depth analysis and side-by-side comparison of Hair Cuttery vs Caryl Baker Visage salon including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $120,500 - $283,000 | $220,000 - $270,000 |
Franchise Fee | $15,000 - $25,000 | $20,000 |
Royalty Fee | 4.5-5% | 12% on Services |
Advertising Fee | - | - |
Year Founded | 1974 | 1969 |
Year Franchised | 2004 | 1974 |
Term Of Agreement | 10 years | Concurrent with the Term of the Lease |
Term Of Agreement | 10 years | Concurrent with the Term of the Lease |
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 | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | - | We provide you with many additional services such as: * New products and formulas that we develop and test * Continuous consultation and assistance * Regular supervisory visits to your salon * Continued quality control * Computer data entry * Merchandising and advertising materials * Monthly performance analysis * Ongoing promotions and systems * Continuous updating of product knowledge and training |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
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.
If you ask our partners why they love being Caryl Baker Visage franchisees, they’ll tell you it’s because they love what they do! If beauty and cosmetics excite you and owning your own business is a dream of yours, we should talk!
Our philosophy is simple: we want to help everyone look and feel their best! Our tools for accomplishing this are personal care services, skin care solutions, and makeup products. We use only quality items, provide the gold- standard in services, and have the best trained consultants on our front lines
-we truly are the Face Experts.
Reviewing this information guide is the first step to helping you decide if Caryl Baker Visage is the opportunity you’ve been looking for. We hope it is!