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Below is an in-depth analysis and side-by-side comparison of Sona MedSpa vs Bishops Barbershop including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $382,000 - $747,500 | $213,000 - $294,000 |
Franchise Fee | $59,500 | N/A |
Royalty Fee | 10.75% | - |
Advertising Fee | - | - |
Year Founded | 1997 | 0 |
Year Franchised | 2002 | 2008 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | 25% of franchise 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 | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | - | - |
Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Ad slicks | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
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
Our team has many years of barbershop, retail and franchising experience. We have a hands-on approach that is delivered in our training and field support to franchisees. We work with you at each step you take in developing your Bishops Barbershop business. An end-to-end solution is provided, including Bishops' point of sale system and integrated information system. Administrative support is provided in person and on-line. We train you in how to create the Bishops mystique in your market so that you are building your own business while building our mutual brand. Your protected territory based on population and site location qualification is provided by the corporate team. A Bishops is economical in its cost of development and build-out using local off the shelf materials and supplies. We know that once customers try us, they will become regulars, because Bishops is more than a place to get a haircut; it's a lifestyle. We are a 21st century version of the old barbershops you see in the movies. People come in to hang out, talk, have a good time and get high-end salon quality services without the pretentiousness or expensive prices.