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Below is an in-depth analysis and side-by-side comparison of SportClips vs Glamour Secrets/Trade Secrets including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $233,800 - $388,300 | $200,000 - $350,000 |
Franchise Fee | $25,000 - $59,500 | $25,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | 5% | - |
Year Founded | 1993 | 2001 |
Year Franchised | 1995 | 2003 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $3.5K | - |
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 | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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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 | - |
Operations |
Franchisees required to buy multiple units/master licenses; 98% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 12
Absentee ownership of franchise is allowed. (32% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
Glamour Secrets is Canada's pioneer one stop beauty shop with a full service salon and over 4,000 high quality Salon products for sale under one roof. The beauty industry is booming. Glamour Secrets is positioning itself for explosive growth with this recession proof industry. With over 65 locations with its parent company Trade Secrets , Glamour Secrets is looking for franchisees in ON and QC to join its success story.