|
Below is an in-depth analysis and side-by-side comparison of The Lemon Tree vs State Street Barbers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $161,206 - $232,572 | $191,500 - $297,000 |
Franchise Fee | $32,500 | $25,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | 3% local +2% Nat'l |
Year Founded | 1974 | 2003 |
Year Franchised | 1976 | 2010 |
Term Of Agreement | 15 years | - |
Term Of Agreement | 15 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | Yes/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | Additional training available as needed | - |
Support | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations, Purchasing cooperatives | When you join the State Street Barbers franchise system you will become part of an established, fully-branded concept and a time-tested business model that has been proven to work in multiple locations. From the start, you will backed by the strength of our experienced leadership team, bringing to bear over twenty years of collective industry experience and deep expertise in strategic consulting, finance, marketing, and operations. |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 - 10
Absentee ownership of franchise is NOT allowed. (60% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Lemon Tree Hair Salons is proud to be a national brand of locally owned
and operated hair salons. We are a large family of professional hair
salons, all locally owned and operated in many areas of the country. We
at Lemon Tree Hair Salons are proud of our brand's rich history of
providing high quality salon services at value pricing for the past 45
years! We value our amazing talent and are always excited to offer our
full range of value priced, professional salon services, including Haircuts. So please, next time you find yourself searching online for "Haircuts near me", feel free to visit your local salon and discover for yourself the Lemon Tree difference!
The Lemon Tree was founded in 1974 to provide family haircuts. When Joan M. Cable purchased her first salon in Bethpage, New York, this mother of three kept the salon open from 8 a.m. to 10 p.m. seven days a week.
Today, nearly 100 franchises offer services ranging from haircuts and styling to beard and mustache trim, updos, body waves, highlighting, coloring and permanents.
State Street Barbers is not your typical franchise opportunity. Unlike most franchises offered in the men's grooming segment, we do not desire to be the next large discount haircut franchise chain, with hundreds of locations that rush customers in an out like an assembly line operation. Nor do we aspire to be the next "male salon" that misses the mark on what most men want by offering services such as pedicures and paraffin wax hand treatments. Our discipline in staying true to our value proposition and focusing on our strengths has allowed us to excel in the market and evolve quickly into an award winning and recognized concept. It is this same discipline that will now propel us forward and help drive our growth in the world of franchising. We are committed to ensuring that franchise owners are selected carefully, as well as trained and supported properly, in order to maintain the integrity of our brand. Though relatively young, our business model, and its singular focus on genuinely meeting the needs of our male customers, has allowed us to establish a strong and loyal following in multiple markets and provided a compelling proof of concept for further expansion. Our objective now is to create a tight-knit franchise community to help extend this same level of service and quality to untapped markets while staying true to our brand promise and upholding the ideals and principles that have been the hallmark of our concept to date. When you are selected to join our team, you actually become part of the State Street Barbers family � a small, tight-knit group committed to building something special and helping the entire team reach its full potential.