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Updated RecentlyFirst Choice Haircutters vs Famous Toastery Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of First Choice Haircutters vs Famous Toastery including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $163,880 - $302,600 | $600,500 - $1,024,500 |
| Franchise Fee | $29,500 - $49,500 | $40,000 |
| Royalty Fee | 5% - 7% | 5% |
| Advertising Fee | 3% | 1%-2% |
| Year Founded | 1980 | 2005 |
| Year Franchised | 1982 | 2013 |
| Term Of Agreement | 10 years | 10 Years |
| Term Of Agreement | 10 years | 10 Years |
| Renewal Fee | To $3K | 0 |
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/No | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | Classroom Training: 5 days | On-The-Job Training: 744 hours Classroom Training: 32 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection | Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
63% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About First Choice Haircutters
In 1980, A. Bud Cowan started First Choice Haircutters as a low-priced hair salon for the entire family, offering a 'no appointment necessary' concept for on-the-go customers. Two years later, the company started franchising the concept. With over 300 locations in Canada and the United States, First Choice Haircutters offers affordable, professional hair care in bright, contemporary salons.
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#102 in Canada's Top franchises.
About Famous Toastery
Share the Toastery Love
It’s no secret that breakfast, lunch and
brunch restaurants have captured American’s hearts and the interest of
restauranteurs nationwide. The hours are ideal. The table turnover is
profitable. And as a bonus, you meet some remarkable customers along the
way.
If you’re interested in owning a Famous Toastery, you must have
$250,000 in liquid cash and a net worth of $500,000 or more. Then,
you’ll meet with our team so we can spill the beans and make sure we’re a
good fit.