Sona MedSpa vs Cost Cutters Family Hair Care Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Sona MedSpa vs Cost Cutters Family Hair Care including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Sona MedSpa Franchise
Cost Cutters Family Hair Care Franchise
Investment $382,000 - $747,500$148,930 - $316,700
Franchise Fee $59,500$39,500
Royalty Fee 10.75%6%
Advertising Fee -4%
Year Founded 19971982
Year Franchised 20021982
Term Of Agreement 15 years15 years
Term Of Agreement 15 years15 years
Renewal Fee 25% of franchise fee-


Business Experience Requirements

 
Sona MedSpa Franchise
Cost Cutters Family Hair Care Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
  • Strong interpersonal skills

  • General business experience
  • Marketing skills
  • Retail/service industry experience useful

  • Financing Options

     
    Sona MedSpa Franchise
    Cost Cutters Family Hair Care Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/Yes
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support

     
    Sona MedSpa Franchise
    Cost Cutters Family Hair Care Franchise
    Training -On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed
    Support Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluationsPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
    Marketing Ad slicksCo-op Advertising Ad Templates Regional Advertising Social media SEO
    Operations - Franchisees required to buy multiple units/master licenses; 95% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 8

    Absentee ownership of franchise is allowed. (20% of current franchisees are owner/operators)


    Expansion Plans

     
    Sona MedSpa Franchise
    Cost Cutters Family Hair Care Franchise
    US Expansion -Yes
    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 Cost Cutters Family Hair Care

    In 1963, Joe Francis opened the first The Barbers Hairstyling for Men salon in Minnesota. Five years later, the salons began styling women's hair. In 1982, Francis diversified even more, founding family salon Cost Cutters. Twelve Cost Cutters centers opened that first year, and six years later, the 300th salon opened. Today, Cost Cutters is owned by Regis Corporation, a Minneapolis-based company that also owns a host of other hair salons, including City Looks, Regis Salons, Supercuts and We Care Hair.

    Veteran Incentives  $2,500 rebate on first-store franchise fee
    #244 in Franchise 500 for 2020.