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Below is an in-depth analysis and side-by-side comparison of Haircolorxperts vs SmartStyle including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $273,800 - $421,200 | $149,430 - $305,200 |
Franchise Fee | $20,000 | $39,500 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | 2% |
Year Founded | 2000 | 1996 |
Year Franchised | 2001 | 2016 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
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/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | On-The-Job Training: 5 hours Classroom Training: 25 hours |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
Marketing | - | Ad Templates National Media Regional Advertising Social media |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
Founded by salon owners Pasquale Benasillo and Chenzo Balsamo, and franchising veteran Lawrence Feldman, HCX salons offer hair-coloring services exclusively. Targeting clients who ordinarily color their own hair, HCX's color treatments start at $20.