Q. WHAT IS THE COST OF THE LICENCE?
A. Dependent upon territory and population of your chosen area $10,000.00 to $30,000.00.
Q. HOW MUCH ARE THE ROLYALTY FEES?
A. 3% royalty fees on monthly gross income.
Q. DO I OWN THE BUSINESS IF I BUY A LICENCE?
A. Yes, the licence gives you the rights to be an independent owner/operator.
Q. DO I HAVE TO HAVE RETAIL OR BUSINESS EXPERIENCE?
a. Prior experience is helpful but not essential. Our extensive training program will cover all the basics.
Q. DO I HAVE TO BE A LICENCED STYLIST?
A. No, although this would be beneficial, it is not mandatory. We operated for 5 years without a stylist.
Q. CAN I HAVE A PARTNER?
A. Yes, any partners would have to be approved by the licensor.
Q. IS THERE A MINIMUM SIZE OF SPACE REQURED?
A. In a town with a population of apprx. 6000, a smaller space of 500 to 600 sq. ft. would be accepted. Larger towns, should have a minimum of 800 to 1500 sq.ft.
Q. I HAVE A HAIR SALON. CAN I BUY A LICENCE?
A. The necessary square footage would have to be met.
Q. HOW MUCH CASH/LOAN DO I NEED TO GET STARTED?
A. The following are approximate amounts.
LICENCE: 10,000.00 to $30,000.00
INVENTORY: $10,000.00 to $15000.00
SIGNAGE: $700.00 to $2000.00
LEASEHOLD IMPROVEMENTS: $1000. to $10,000. (depends on space as well as negotiations with landlord)
ADVERTISING: 0 to $5000.00 (varies with each owner depending on funds available.)
MISCELLANEOUS COSTS: $500.00 to $2000.00