Sona MedSpa vs The Yellow Balloon Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Sona MedSpa vs The Yellow Balloon including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Sona MedSpa Franchise
The Yellow Balloon Franchise
Investment $382,000 - $747,500$55,000 - $103,500
Franchise Fee $59,500$25,000
Royalty Fee 10.75%4%
Advertising Fee --
Year Founded 19971983
Year Franchised 20022000
Term Of Agreement 15 years5 years
Term Of Agreement 15 years5 years
Renewal Fee 25% of franchise fee$2.5K


Business Experience Requirements
 
Sona MedSpa Franchise
The Yellow Balloon Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • Strong interpersonal skills

  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    Sona MedSpa Franchise
    The Yellow Balloon Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesYes/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Sona MedSpa Franchise
    The Yellow Balloon Franchise
    Training --
    Support Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Ad slicksCo-op advertising, Ad slicks, National media, Regional advertising
    Operations -

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is allowed.

    Expansion Plans
     
    Sona MedSpa Franchise
    The Yellow Balloon Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About Sona MedSpa

    At Sōna Dermatology, we take an integrated, clinically-led approach to skincare that brings two worlds of medical dermatology and cosmetic dermatology together - care that leads to great skincare outcomes, health and vitality across a lifetime.

    In our four decades of clinical and cosmetic experience, we’ve built the clinical and cosmetic experience and expertise to give our patients the very best skincare results, optimizing skin health, skin appearance and quality of life

    Sona MedSpa offers a one-of-a-kind medical spa franchise. Sona combines state-of-the-art technology with Sona’s unique process - the Sona Concept. This concept enables laser hair removal to be performed with better results in less time. Our revolutionary, FDA-approved treatments for skin rejuvenation are individually customized to your needs, to improve and enhance your natural beauty.. Sona offers clients these services in a relaxed, up-scale, beautiful and spa-like atmosphere.


    About The Yellow Balloon

    Nadia Pidgeon opened her first The Yellow Balloon children's hair salon in 1976 near UCLA and a second location five years later near Universal Studios, serving the children of celebrities, like Warren Beatty, and child stars, like the Olsen Twins. The company began franchising in 2000.
    Each The Yellow Balloon salon caters to kids, featuring mini-arcades and toy boxes, and offering young customers balloons, cookies and popcorn. To commemorate a baby's first haircut, parents are given a framed photo, certificate and lock of hair. Adults can also have their hair cut at The Yellow Balloon.