The Yellow Balloon vs Noufal Haircolor Studio Franchise Comparison

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

Start-Up Costs and Fees

 
The Yellow Balloon Franchise
Noufal Haircolor Studio Franchise
Investment $55,000 - $103,500$190,550 - $340,600
Franchise Fee $25,000$38,000 - $39,500
Royalty Fee 4%-
Advertising Fee --
Year Founded 19831994
Year Franchised 20002012
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $2.5K-


Business Experience Requirements

 
The Yellow Balloon Franchise
Noufal Haircolor Studio Franchise
Experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    The Yellow Balloon Franchise
    Noufal Haircolor Studio Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    The Yellow Balloon Franchise
    Noufal Haircolor Studio Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-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

     
    The Yellow Balloon Franchise
    Noufal Haircolor Studio Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    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.

    About Noufal Haircolor Studio

    Noufal Haircolor Studio has been in business for more than 15 years, specializes in expert hair care to include color and Keratin treatments while also providing nail, makeup and waxing services. With a popular Northern Virginia destination already established for both men and women looking for experienced, award-winning stylists, owner Joey Noufal is eager to expand the brand and provide entrepreneurs with a chance to be a part of the Noufal Haircolor Studio family. In the coming year, Noufal plans to open three to five franchise locations in DC, Maryland and Virginia. Entrepreneurs and franchisees can look forward to a hands-on accelerated learning process with Noufal helping at every step of the way. Joining the Noufal team will give franchisees access to their proven system for great customer retention, as well as exclusive discounts on salon use products and corporate support. Noufal plans to extensively train all front desk coordinators, shampoo assistants, managers and hair stylists to provide them with the knowledge needed to be successful. Franchisees will also have access to advancement and continuing education classes for all employees. "We've had the pleasure of servicing the Washington elite over the last 15 years and we look forward to continuing that service over the coming years," said owner Joey Noufal. "Investing in a Noufal Haircolor Studio is a low risk venture for entrepreneurs, given the brand recognition and community outreach we've engaged in over the last decade and a half for customer retention." As the business has continued to grow and expand over the last decade, Joey has involved Noufal Haircolor Studio in the community around him, often donating haircuts and other spa treatments to benefit charities like the Leukemia & Lymphoma Society (LLS). Earlier this year, Noufal Haircolor Studio participated in Cut for the Cure, an LLS campaign for which the salon donated an entire day's worth of haircuts to help fight blood cancers. For more information about franchise opportunities, interested parties should reach out to Joey Noufal at Joey(at)noufalhaircolorstudio(dot)com.