Hair Cuttery vs Famous Toastery Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Hair Cuttery vs Famous Toastery including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Hair Cuttery Franchise
Famous Toastery Franchise
Investment $120,500 - $283,000$600,500 - $1,024,500
Franchise Fee $15,000 - $25,000$40,000
Royalty Fee 4.5-5%5%
Advertising Fee -1%-2%
Year Founded 19742005
Year Franchised 20042013
Term Of Agreement 10 years10 Years
Term Of Agreement 10 years10 Years
Renewal Fee 25% of franchise fee0


Business Experience Requirements

 
Hair Cuttery Franchise
Famous Toastery Franchise
Experience --

Financing Options

 
Hair Cuttery Franchise
Famous Toastery Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/Yes-/Yes
Start-up Costs No/Yes-/Yes
Equipment No/Yes-/Yes
Inventory No/No-/Yes
Receivables No/No-/Yes
Payroll No/No-/Yes

Training & Support

 
Hair Cuttery Franchise
Famous Toastery Franchise
Training - On-The-Job Training: 744 hours Classroom Training: 32 hours
Support -Newsletter Meetings/Conventions Grand Opening Security/Safety Procedures Field Operations Site Selection
Marketing -Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations --

Expansion Plans

 
Hair Cuttery Franchise
Famous Toastery Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Hair Cuttery

NO LONGER FRANCHISING

For franchisees that enter into a Development Agreement for the establishment of multiple SALONS, the initial franchise fee is as follows:
*          First SALON   $25,000 *          Second to Fifth SALON  $20,000 *          Sixth or more SALONS   $15,000
The fee for the first SALON is paid to us when you sign the Development Agreement. The fees for the additional SALONS are paid when you sign the Franchise Agreement for each SALON.  In addition to the initial franchise fee for each SALON, you must also pay us, when you sign the Development Agreement, a multiple unit development fee of $5,000 multiplied by the number of SALONS to be developed under the Development Schedule.

For illustrative purposes only, if you enter into a Development Agreement for ten SALONS, the initial ''franchise fee and development fee payable to us at the time you enter into the agreements will be as follows:  Initial Franchise Fee $25,000 Units Two through Ten  $45.000 (9 x $5,000)  Total Fees Due $70.000  Multiple unit franchisees can expect to have additional capital and operating expenses which single unit franchisees may or may not incur. For example, we may provide our multi-SALON franchisees a continuing royalty credit of V2 of one percent. To qualify for this credit you will likely require an office, training capabilities, multi-unit management and other support personnel. We have not included these additional costs in the above projections as they will likely not occur with the opening of your first SALON, nor are they reasonably estimated due to the uniqueness of each multi-SALON franchisee''s independent business determinations. Unless otherwise noted above, all of the above fees are uniform and none of the above fees are refundable to you.



About Famous Toastery

Share the Toastery Love

It’s no secret that breakfast, lunch and brunch restaurants have captured American’s hearts and the interest of restauranteurs nationwide. The hours are ideal. The table turnover is profitable. And as a bonus, you meet some remarkable customers along the way. If you’re interested in owning a Famous Toastery, you must have $250,000 in liquid cash and a net worth of $500,000 or more. Then, you’ll meet with our team so we can spill the beans and make sure we’re a good fit.
Veteran Incentives  20% off franchise fee