|
Below is an in-depth analysis and side-by-side comparison of State Street Barbers vs Blo Blow Dry Bar including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $191,500 - $297,000 | $229,000 - $347,500 |
Franchise Fee | $25,000 | $39,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 3% local +2% Nat'l | - |
Year Founded | 2003 | 2007 |
Year Franchised | 2010 | 2007 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | The ideal Blo Blow Dry Bar Franchise Partner:
• is passionate about delighting customers • has great people skills • has a strong work ethic, a commitment to follow proven systems, and basic business skills • is actively engaged in driving their business • is comfortable building partnerships and representing blo in the community • possesses an entrepreneurial sprit and is determined to the success of their small business • has a net worth of at least $350,000 |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | Our comprehensive training and coaching programs cover the entire spectrum of your business: site selection & lease negotiation, recruiting & training, marketing & PR, day-to-day operations, and the best blow drying techniques. |
Support | When you join the State Street Barbers franchise system you will become part of an established, fully-branded concept and a time-tested business model that has been proven to work in multiple locations. From the start, you will backed by the strength of our experienced leadership team, bringing to bear over twenty years of collective industry experience and deep expertise in strategic consulting, finance, marketing, and operations. | Blo’s head office team is passionately dedicated to your success. Our expert staff are here to support you from the minute you sign on as a Franchise Partner, through your grand opening, and on a daily basis. |
Marketing | - | Blo’s marketing team is here to guide you on all aspects of marketing and PR, including social media and event planning, and to provide the promotional tools you need to succeed. Consider us your in-house marketing department. We also design any marketing materials you require including signage, business cards, flyers and coupons, advertisements and event invitations. |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
State Street Barbers is not your typical franchise opportunity. Unlike most franchises offered in the men's grooming segment, we do not desire to be the next large discount haircut franchise chain, with hundreds of locations that rush customers in an out like an assembly line operation. Nor do we aspire to be the next "male salon" that misses the mark on what most men want by offering services such as pedicures and paraffin wax hand treatments. Our discipline in staying true to our value proposition and focusing on our strengths has allowed us to excel in the market and evolve quickly into an award winning and recognized concept. It is this same discipline that will now propel us forward and help drive our growth in the world of franchising. We are committed to ensuring that franchise owners are selected carefully, as well as trained and supported properly, in order to maintain the integrity of our brand. Though relatively young, our business model, and its singular focus on genuinely meeting the needs of our male customers, has allowed us to establish a strong and loyal following in multiple markets and provided a compelling proof of concept for further expansion. Our objective now is to create a tight-knit franchise community to help extend this same level of service and quality to untapped markets while staying true to our brand promise and upholding the ideals and principles that have been the hallmark of our concept to date. When you are selected to join our team, you actually become part of the State Street Barbers family � a small, tight-knit group committed to building something special and helping the entire team reach its full potential.