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Updated RecentlyHair Cuttery vs Hairhouse Warehouse Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hair Cuttery vs Hairhouse Warehouse 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 | $350,000 - $550,000 |
| Franchise Fee | $15,000 - $25,000 | $66,000 |
| Royalty Fee | 4.5-5% | 6% |
| Advertising Fee | - | 3% |
| Year Founded | 1974 | 1992 |
| Year Franchised | 2004 | 1998 |
| Term Of Agreement | 10 years | 7 years+7 |
| Term Of Agreement | 10 years | 7 years+7 |
| Renewal Fee | 25% of franchise fee | - |
Business Experience Requirements |
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| Experience | - | Passion; Enthusiasm; Financial Security; Self Motivation; Team Leadership Skills; Willingness to work with a positive attitude. |
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 | - | Industry leading training and development Every new franchisee goes through a comprehensive induction program. This program covers a range of administrative skills and hands-on training key to a successful Hairhouse Warehouse franchise. All training is run in our most successful, best-practice stores. Our training doesn't stop when we hand you the keys. From day one, new franchisees one-on-one mentoring from a member of the operations team to ensure that you have the knowledge and tools to succeed as a long term franchisee with Hairhouse Warehouse. We take a multi-channel approach to training. We've aligned ourselves with multiple training providers all recognised as leaders in their areas of specialisation. They are there to help you meet some of the more specific needs of your business. We offer the very best training across the core areas of our business: salon services, retail and business management. Access to training and development programs is not dependant on store locations � we ensure that all training is available no matter where you are. |
| Support | - | - |
| Marketing | - | National marketing support All our franchises have access to the Hairhouse Warehouse Marketing Fund. This means you can develop marketing and advertising for your franchise, when and where you need it. We've sought out the best and brightest marketing and advertising professionals the industry has to offer to make sure your store does as well as it possibly can. You can develop marketing across a range of mediums: TV Radio Retail catalogues Magazines Press Web |
| Operations | - | The majority of our Franchisee's are not hairdresser, their staff are. We look for motivated, enthusiastic people, passionate about the brand and the idea of owning an exciting and rewarding retail business. The HHWH concept has been proven time and time again and replicated continuously throughout Australia so incoming Franchisee's can be confident they will have all the tools necessary to succeed in the franchise operation. |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
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 Hairhouse Warehouse
We'll help you get ahead As a part of Hairhouse Warehouse, you'll be able to take advantage of our great buying power. This means you can offer your customers better prices on more brands. You'll also have access to our proven operating system that we've been using for 20 years. With a simple turnkey operation, the Hairhouse network just keeps on growing � we've opened over 130 stores and are always welcoming new branches to the family. Multiple revenue streams As a Hairhouse Warehouse franchisee, you will not only be able to offer your customers a massive array of professional hair care and beauty products, but also a range of industry-leading hair and beauty services. Having a range of revenue streams is a core part of any healthy business. It helps you maintain a steady income year round. With a Hairhouse Warehouse franchise, you can take advantage of well-established business offering a range of strategically-chosen revenue streams: A massive range of hair and beauty products Full-service Matrix salon Hair extensions Body piercing Spray tanning Manicures and pedicures Waxing Makeup and beauty And heaps more! Work for yourself, not by yourself Tap into the expertise of seasoned professionals to get advice from our entire support network including marketing, operations, buying, franchising, IT and finance departments. Hairhouse Warehouse has sourced fully approved bank accreditation with a number of leading Australian banks including CBA, ANZ and Westpac subject to individual application and approval.