Sona MedSpa vs Hair Cuttery Franchise Comparison

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

Start-Up Costs and Fees
	Sona MedSpa Franchise	Hair Cuttery Franchise
Investment	$382,000 - $747,500	$120,500 - $283,000
Franchise Fee	$59,500	$15,000 - $25,000
Royalty Fee	10.75%	4.5-5%
Advertising Fee	-	-
Year Founded	1997	1974
Year Franchised	2002	2004
Term Of Agreement	15 years	10 years
Term Of Agreement	15 years	10 years
Renewal Fee	25% of franchise fee	25% of franchise fee
Business Experience Requirements
	Sona MedSpa Franchise	Hair Cuttery Franchise
Experience	Industry experience General business experience Marketing skills Strong interpersonal skills	-
Financing Options
	Sona MedSpa Franchise	Hair Cuttery Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/Yes	No/Yes
Start-up Costs	No/Yes	No/Yes
Equipment	No/Yes	No/Yes
Inventory	No/Yes	No/No
Receivables	No/Yes	No/No
Payroll	No/Yes	No/No
Training & Support
	Sona MedSpa Franchise	Hair Cuttery Franchise
Training	-	-
Support	Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations	-
Marketing	Ad slicks	-
Operations	-	-
Expansion Plans
	Sona MedSpa Franchise	Hair Cuttery Franchise
US Expansion	-	-
Canada Expansion	No	No
International Expansion	Yes	No

Company Overviews

About Sona MedSpa

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 Hair Cuttery

NO LONGER FRANCHISING

For franchisees that enter into a Development Agreement for the establishment of multiple SALONS, the initial franchise fee is as follows:
*          First SALON   $25,000 *          Second to Fifth SALON  $20,000 *          Sixth or more SALONS   $15,000
The fee for the first SALON is paid to us when you sign the Development Agreement. The fees for the additional SALONS are paid when you sign the Franchise Agreement for each SALON.  In addition to the initial franchise fee for each SALON, you must also pay us, when you sign the Development Agreement, a multiple unit development fee of $5,000 multiplied by the number of SALONS to be developed under the Development Schedule.

For illustrative purposes only, if you enter into a Development Agreement for ten SALONS, the initial ''franchise fee and development fee payable to us at the time you enter into the agreements will be as follows:  Initial Franchise Fee $25,000 Units Two through Ten  $45.000 (9 x $5,000)  Total Fees Due $70.000  Multiple unit franchisees can expect to have additional capital and operating expenses which single unit franchisees may or may not incur. For example, we may provide our multi-SALON franchisees a continuing royalty credit of V2 of one percent. To qualify for this credit you will likely require an office, training capabilities, multi-unit management and other support personnel. We have not included these additional costs in the above projections as they will likely not occur with the opening of your first SALON, nor are they reasonably estimated due to the uniqueness of each multi-SALON franchisee''s independent business determinations. Unless otherwise noted above, all of the above fees are uniform and none of the above fees are refundable to you.