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Below is an in-depth analysis and side-by-side comparison of Lord's & Lady's Hair Salons vs Roosters including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $50,000 - $175,000 | $195,750 - $334,850 |
Franchise Fee | $25,000 | $39,500 |
Royalty Fee | 6% | 4-6% |
Advertising Fee | - | 1% |
Year Founded | 1975 | 1999 |
Year Franchised | 1980 | 2002 |
Term Of Agreement | 10 years +10 | - |
Term Of Agreement | 10 years +10 | - |
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 |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/No |
Payroll | -/- | -/No |
Training & Support |
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Training | Boston, MA 2-5 Days | - |
Support | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | - |
Marketing | - | - |
Operations | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | Yes |
International Expansion | - | - |