|
Below is an in-depth analysis and side-by-side comparison of Snip-Its vs s.h.a.p.e.s Brow Bar including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $124,595 - $220,375 | $63,150 - $83,100 |
Franchise Fee | $20,000 - $35,000 | $24,500 - $28,500 |
Royalty Fee | 6% | 8% |
Advertising Fee | 2% | 2-3% |
Year Founded | 1992 | - |
Year Franchised | 2003 | - |
Term Of Agreement | 10 years | 3-5 years |
Term Of Agreement | 10 years | 3-5 years |
Renewal Fee | 25% of initial fee | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 80 hours Classroom Training: 34 hours | A structured training program is provided which includes classroom and onsite training. |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | A comprehensive support system is in place to guide you from site selection, facility layout and design, hiring, training and marketing to the day to day operations of your beauty bar using technology and support of top management and area representatives. |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | ♣ Use of Shapes Brow Bar name, logos and trademarks. ♣ Use of our custom software application to assist you in running an efficient business. ♣ Access to proprietary and proven systems and techniques designed to make business ownership simple and efficient. ♣ Pre-negotiated and discounted vendor rates offered exclusively to Shapes Franchisees. ♣ A well managed website that will promote your location that will post your address, phone number, hours of operation and give directions to and from your clinic. ♣ A Research and Development team working hard to stay ahead of industry trends. |
Operations |
75% of all franchisees own more than one unit Absentee Ownership Allowed Number of Employees Required to Run: 6 - 10 | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Snip-its franchise has changed the dynamic of children's haircare by turning what has traditionally been considered a mundane and often unpleasant experience into a fun-filled adventure. The Snip-its franchise features memorable branding, our own cast of cartoon characters, interactive computer play stations, the Magic Box, and a complete line of haircare products formulated just for kids. These, along with our proprietary point of sale, proven marketing system and specially trained stylists represent one of the most innovative franchise opportunities available.