|
Below is an in-depth analysis and side-by-side comparison of Cost Cutters Family Hair Care vs Caryl Baker Visage salon including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $148,930 - $316,700 | $220,000 - $270,000 |
Franchise Fee | $39,500 | $20,000 |
Royalty Fee | 6% | 12% on Services |
Advertising Fee | 4% | - |
Year Founded | 1982 | 1969 |
Year Franchised | 1982 | 1974 |
Term Of Agreement | 15 years | Concurrent with the Term of the Lease |
Term Of Agreement | 15 years | Concurrent with the Term of the Lease |
Renewal 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/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | On-the-job training: 46.5 hours Classroom training: 24 hours Additional training: As needed | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | We provide you with many additional services such as: * New products and formulas that we develop and test * Continuous consultation and assistance * Regular supervisory visits to your salon * Continued quality control * Computer data entry * Merchandising and advertising materials * Monthly performance analysis * Ongoing promotions and systems * Continuous updating of product knowledge and training |
Marketing | Co-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 |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
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.
If you ask our partners why they love being Caryl Baker Visage franchisees, they’ll tell you it’s because they love what they do! If beauty and cosmetics excite you and owning your own business is a dream of yours, we should talk!
Our philosophy is simple: we want to help everyone look and feel their best! Our tools for accomplishing this are personal care services, skin care solutions, and makeup products. We use only quality items, provide the gold- standard in services, and have the best trained consultants on our front lines
-we truly are the Face Experts.
Reviewing this information guide is the first step to helping you decide if Caryl Baker Visage is the opportunity you’ve been looking for. We hope it is!