|
Below is an in-depth analysis and side-by-side comparison of Cartoon Cuts vs Phenix Salon Suites including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $97,000 - $216,000 | $308,130 - $1,387,420 |
Franchise Fee | $25,000 | $49,500 |
Royalty Fee | 5% | $0.30/sq. ft. |
Advertising Fee | - | $0.06/sq. ft. |
Year Founded | 1991 | 2007 |
Year Franchised | 2000 | 2010 |
Term Of Agreement | 10 years | 7 years |
Term Of Agreement | 10 years | 7 years |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 12 hours Classroom Training: 19 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support |
Marketing | Ad slicks, Regional advertising | Ad Templates National Media Regional Advertising Social media Website development |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 8
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | Absentee ownership is allowed |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
Cartoon Cuts is committed to selecting the highest quality entrepreneurs and giving them the opportunity and tools to develop single and/or multiple franchise units throughout a specific protected territory. As a prospective franchisee, you have two franchising options: becoming an area developer or a single unit operator. If you choose to become an area developer, you will be responsible for the development of a pre-determined number of stores in your exclusive territory. Success as an area developer can be measured by sharing the successes of the stores operating under your area development agreement. As Cartoon Cuts continues to make a brand name marketing impact throughout the country, area developers become the foundation of the companys strength and presence in the marketplace. As a single store operator, you will share in the strength of the Carton Cuts name while realizing the entrepreneurial freedom of owning a business that is part of a multi-billion dollar industry. Depending on the structure of the real estate deals, investment options may start as low as $100,000 for a complete, turnkey, single store location.