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Below is an in-depth analysis and side-by-side comparison of Floyd's 99 Barbershops vs Paramount Home Beauty including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $294,000 - $642,000 | $44,100 |
Franchise Fee | $45,000 | $14,800 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2% | - |
Year Founded | 2001 | 2004 |
Year Franchised | 2005 | 2006 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal 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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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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 |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
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.