Lord's & Lady's Hair Salons Franchise

Hair salon

Service and retail mall locations which normally do 50% men and 50% women in sales.

Start-up Costs & Franchises Fees

What is the total cost to open a Lord's & Lady's Hair Salons Franchises?

Total Cost: $50,000 USD -$175,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years +10

Contact Information for Lord's & Lady's Hair Salons

Lord's & Lady's Hair Salons 50 Tower Rd. Newton, MA 02464

Phone Number: (617) 323-4714 Fax Number: (617) 332-7284 Franchise Homepage:

Historical Expansion

In what year did Lord's & Lady's Hair Salons begin operations? 1975
When did Lord's & Lady's Hair Salons begin selling franchises? 1980

Year	United States	Canada	International	Corporate
2008	22	0	0	0

Future Expansion

United States: Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont

Training & Support

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

Franchise Operation Restrictions

Average Number of Employees: 6 Full-time, 8 Part-time

Passive Ownership: Allowed, But Discouraged

Franchise Analyzer Professional's Inside Information

Can you buy this franchise for no money down? Yes
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes

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