|
Below is an in-depth analysis and side-by-side comparison of The Weave Shop vs Cirque Salon Studios including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $94,200 - $136,900 | $572,837 - $743,085 |
Franchise Fee | $20,000 | $40,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | 1% Nat'l + At least $500/mo local |
Year Founded | 2008 | - |
Year Franchised | 2011 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | Management and real estate experience is a plus for Cirque Salon Studios owner/operators. Some of the people who'd make optimal franchisees include real estate professionals (anyone involved in leasing, buying, selling or managing property) and other business professionals with sales, marketing or management experience. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
||
Training | - | Comprehensive pre-opening training and marketing assistance, such as helping you to develop an appropriate local marketing plan and materials to attract studio owners, and conducting recruiting and sales efforts. |
Support | - | As a Cirque Salon Studios franchise owner, you can take advantage of an established system that is focused on quality, consistency, and growth. Our track record is supported by an experienced team that can assist with all phases of your commercial real estate franchise growth: - Site selection and build-out guidance, including our approach to identifying appropriate sites, as well as help with facility designs, architectural resources, and equipment packages. - Comprehensive pre-opening training and marketing assistance, such as helping you to develop an appropriate local marketing plan and materials to attract studio owners, and conducting recruiting and sales efforts. - Confidential operations manual, a detailed, proprietary guide with the critical information you need to operate your franchise business, including daily operating procedures, management functions, reporting, forms, and more. - Ongoing support, including remote support by phone and email, plus webinars, newsletters, and also periodic field visits from a dedicated corporate support rep. - Technology tools, including automated facility entry systems to other tech-based operational tools, to help you manage your commercial real estate franchise business. |
Marketing | - | - |
Operations | - | Operate an efficient, technology-driven, real estate-based business, as they lease space to 25 to 30 independent studio owners. The franchise operation is designed to be far less complex and time-consuming than other opportunities, and allows franchise owners to better manage their investments, as well as their personal and professional schedules. |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
The Weave Shop is an express service salon specialized in hair weave and braids. The Weave Shop Franchise model is designed to build a brand and a profitable operating system for each franchise partner that allows a specialized, fun atmosphere focusing on this industry niche. It is the mission of The Weave Shop to provide quality hair care services at an affordable price, while providing good paying jobs to our employees and enhancing the communities we service. We are open 7 days a week. Check your location for appointment and walk-in days. You are welcome to walk in for a free consultation during our business hours. Unfortunately we cannot allow children unless being serviced. Latonya Saunderson, founder and co-owner of The Weave Shop (TWS), is a dynamic entrepreneur whose innovative weaving technique is revolutionizing the industry. She discovered her true calling, working for a hair salon in the Atlanta area. Feeling so inspired, Saunderson decided to open her own salon. Coming from a family of entrepreneurs made starting a business easy for Latonya. With an undeniable passion for hair care and the beauty industry and by building upon a successful idea, the "express weave service," The Weave Shop (TWS) was born. Latonya, who is a licensed cosmetologist since 1994, wanted to provide clients with a reasonable and cost effective way to enjoy a great style - to look great for less! "There is no reason to pay hundreds of dollars for extensions, at The Weave Shop the base price for our service is just $50," says Saunderson. After opening the doors in a small office space (400 sq ft), with herself styling and a braider, Saunderson within four months outgrew the space and moved to a larger location in the Atlanta area. With the opening of her first storefront in Decatur, GA, her brother Kevin and his wife Sharmeela, embraced her vision and TWS's potential and became business partners. Kevin is the President of the franchise entity. Sharmeela is the Creative Director of the company, while Latonya still develops hairstyle process. This dynamic combination and joining of minds helped to transform TWS into a family owned business. Understanding the need to pass on her entrepreneurial skills to her daughter, Ijaaz Saunderson, an inspiring model and hairstylist in her own right, Latonya brought her into the business, serving the joint role of model and hairstylist: she is one of the faces of TWS and a top stylist. Another face of TWS is Latonya's sister Michelle, making TWS truly a family owned and operated business. Currently, in addition to the five locations in Georgia, with one opening soon, there are two locations in New Jersey, and four open in Michigan with two opening soon. "I want The Weave Shop to be all over the country", says Saunderson. With celebrity endorsements from VH1's Basketball Wives reality star Jennifer Williams, Atlanta's own Tiny (from Escape and Tiny and Toya), Risky (winner of Charm School), and Sarah Stokes (Making of the Band season 2), in addition to the Musical group OMG, The Weave Shop is the fastest growing hair extension salon in the United States. As the business continues to grow franchising opportunities will be made available. Ambitious, goal oriented, a vibrant personality and warm spirit, is what makes Latonya Saunderson the leader in her field today.
Cirque Salon is part of a unique niche within two immense industries: the $12 trillion commercial real estate industry and the $42 billion hair salon industry . Our real estate investment franchise model is not only highly attractive to studio owners; it is also relatively resistant to economic fluctuations. Plus, our real estate investment franchise is a risk-adjusted, market tested concept with established standards and procedures. Our model is designed to be fully replicable and relatively simple to implement and follow - and it is backed by a full suite of support services and tools. Best of all, with Cirque Salon Studios' built-in automation, minimized staffing needs (no receptionist or other employed staff required), and focus on tenant retention, once your location reaches optimized occupancy rates, you won't have to spend a lot of time managing it.