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Updated RecentlyOdyssey Art Centers vs Toni & Guy Hairdressing Academy Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Odyssey Art Centers vs Toni & Guy Hairdressing Academy including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $28,700 - $56,200 | $316,900 - $598,500 |
| Franchise Fee | $24,000 | N/A |
| Royalty Fee | 6% | $4,300 Monthly |
| Advertising Fee | - | $470 Monthly |
| Year Founded | 1974 | 1990 |
| Year Franchised | 1995 | 1999 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | * Are you passionate about the success of your team and your academy? * Are you driven to provide top quality education for your students and staff? * Do you have proven management and leadership skills? * Are you looking to adopt a proven operating system completely and consistently? * Do you have a minimum net worth of $250,000 with $75,000 in liquid assets? * Do you have the ability to finance $600,000? Having experience running a business or experience with franchising or running a multi-site operation is useful but not necessary, as we provide comprehensive training and ongoing support to you and your team. |
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 | - | - |
| Support | Newsletter, Meetings, Grand opening, Internet, Purchasing cooperatives | TONI&GUY offers corporate marketing and business operational support from the moment your salon doors open*. We assist by providing the following: * Education curriculum support * Marketing collateral * Marketing & PR concepts to attract students * Internal systems support * Communication (internal/external) support * Branding * Online manual access * Intranet systems * Access to the TONI&GUY App * National Collection Release, Salon Summit & Photographic Awards * And more… |
| Marketing | - | - |
| Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | - |
Company Overviews
About Odyssey Art Centers
The first Odyssey Art Center was founded in 1974 by Linda Perlmutter. After quitting her job as a teacher to stay home with her newborn son, Perlmutter started teaching small groups of children in the basement studio of her home. Today, her art education franchise combines history, poetry, literature, science, music, math and current events with art.
About Toni & Guy Hairdressing Academy
The hair industry is a $50 billion global industry annually. It's proven to be an industry that can weather the test of time and ALL economies. With TONI&GUY, we are offering you the chance to be part of an industry that can make people look good, feel good, and help build their self-confidence - one style at a time.
TONI&GUY prides itself on creating and nurturing an exceptional culture that has been associated with our brand since inception. When you enter a TONI&GUY Hairdressing Academy or Salon, you instantly identify with the sophisticated, sleek European layout that our clients find consistent throughout the country.
The Spotlight™ Experience we created internally connects across the United States and sets the tone for how we do business and how we bring people on board to enjoy the journey with us. Our clients receive top-quality service from highly trained hairstylists, allowing for long-standing relationships.
We love what we do, and it shows!
Whether you are looking to start with a single-unit operation, or desire a multi-unit set up from the start, we have the franchise opportunity that is right for you in markets across the United States. We help you with site selection, offer custom design, and provide guidance as you start your TONI&GUY Hairdressing Academy.
The TONI&GUY strategy is based on simplicity: an easy-to-follow business model with a proven operating system and world-class educational system.
Our goal is simple
We provide each TONI&GUY Hairdressing Academy with industry leading educational tools that will transform talented students into industry-ready hairstylists. Offering basic and advanced education training, the TONI&GUY Hairdressing Academy curriculum is rooted in our trademark approach of continuously updating cutting, coloring, and styling techniques.
This is why our beauty schools continue to draw some of the best talent from all over the world and maintain a distinguished reputation for cosmetology education. This successful beauty school formula has been duplicated in several major U.S. cities, and we have a keen focus on future growth.
Our revenue model is simple too. Generate constant lead flow by building a school and brand that students want to be a part of, and produce industry-leading hairstylists by providing high-caliber education.
Our program is consistent from week-to-week and school-to-school, which allows us to stand out amongst the competition. Our curriculum allows for continuously maintain the highest quality of education across the board. We have developed a simple model for our franchise owners to follow, and this model has been tried and proven a success.
We pride ourselves on being founded in education and are focused on giving our students the highest quality education to become outstanding hairdressers.