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Below is an in-depth analysis and side-by-side comparison of Hair Saloon For Men vs Beaners Fun Cuts for Kids including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $218,600 - $299,900 | $120,000 - $185,000 |
Franchise Fee | $30,000 | $25,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | - | 3% |
Year Founded | 1997 | 1996 |
Year Franchised | 2002 | 1997 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 25% of initial franchise fee | - |
Business Experience Requirements |
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Experience | The Franchisees most able to reap the rewards of franchising have a strong sense of purpose. They tend to be dynamic individuals who superimpose their creative talents upon those of the franchisor to refine the system. They are of high integrity, customer focused and team builders. The following is a list of some of the characteristics we look for when considering an application: * A Strong Desire to Achieve Goals (both personally and in business) * Customer Focused * A Team Player * High Level of Integrity * Passion * Be Involved With the Community Around You * The Ability to Get, Keep Very Satisfied Customers * The Willingness and Ability to Personally Devote the Necessary Time and Effort in the Day-To-Day Operations of the Business * Understanding that you are a Vital Part of the Beaners Fun Cuts for Kids Franchise and to Grow the Brand and Create Awareness in Your Market | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | You will be required to successfully complete the 2 week training period in Calgary, Alberta, Canada. During that time you will be spending 4 days at Head Office for one on one training. The remaining time will be spent in our "Training" location so you experience first hand the day to day operations of a Beaners location. |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Beaners does not require a full-time commitment from you but you must be involved in the day-to-day operations of your business. |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Hair Saloon is the reinvention of the neighborhood barbershop providing a premium brand of hair cutting services that appeals to men of all ages.
Launched in St. Louis, Missouri in 1997, Hair Saloon provides Men and Jr. Men the comfort and convenience that is unmatched in the industry.
Appointments and walk-ins are greeted by a friendly, full-time Saloon Supervisor. Each customer is treated to outstanding customer service that includes a complimentary beverage, relaxing shampoo, complimentary
shoeshine, and hot towel and mint for the perfect finish. Our commitment
to outstanding customer service, combined with the relaxing atmosphere
found at every Hair Saloon creates a premium haircut experience that
has proven to be a successful business model.
Beaners Fun Cuts For Kids is a family-focused hair salon created with kids in mind. We are here to make haircuts fun for kids and create a welcoming and relaxing experience for parents.