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Below is an in-depth analysis and side-by-side comparison of Lord's & Lady's Hair Salons vs Beauty Call including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $50,000 - $175,000 | $5,300 - And Up |
Franchise Fee | $25,000 | $5,300 |
Royalty Fee | 6% | 1800/year |
Advertising Fee | - | 5%-16% |
Year Founded | 1975 | 2006 |
Year Franchised | 1980 | 2006 |
Term Of Agreement | 10 years +10 | - |
Term Of Agreement | 10 years +10 | - |
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 | Boston, MA 2-5 Days | All new franchisees receive comprehensive training before starting their Beauty Call business and this includes: � Everything you need to know about Beauty Call � Managing your own business � Accounts � Advertising and PR A detailed training and operating manual, which includes the business system and necessary processes and forms, is supplied to each franchisee. The initial training will be followed up with regular communication and support as necessary, as well as the obligatory 3 month catch up. |
Support | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | On-going promotional support is provided and all franchisees are regularly updated on promotions and advertising organised by head office, both regional and national. Annual get togethers are encouraged for all the artists and franchisees to meet and network |
Marketing | - | - |
Operations | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | Yes |