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Below is an in-depth analysis and side-by-side comparison of Viva the Chef 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 | $200,000 - $500,000 | $316,900 - $598,500 |
Franchise Fee | $35,000 | N/A |
Royalty Fee | 6% | $4,300 Monthly |
Advertising Fee | - | $470 Monthly |
Year Founded | 2003 | 1990 |
Year Franchised | 2004 | 1999 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $5K | - |
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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | 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 | National media, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 10 - 15
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
NO LONGER FRANCHISING
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.