RedBrick Pizza Franchise
Friday, April 30, 2010 at 06:33AM First Choice Haircutters
Hair-care salons
In 1980, A. Bud Cowan started First Choice Haircutters as a low-priced hair salon for the entire family, offering a 'no appointment necessary' concept for on-the-go customers. Two years later, the company started franchising the concept. With over 300 locations in Canada and the United States, First Choice Haircutters offers affordable, professional hair care in bright, contemporary salons.
Start-up Costs & Franchises Fees
What is the total cost to open a First Choice Haircutters Franchises?
Total Cost: $106,000 USD -$177,000 USD
Total Franchise Fees: $10,000 USD -$25,000 USD
Ongoing Royalty Fees: 5-7%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: To $3K
Contact Information for First Choice Haircutters
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First Choice Haircutters |
Phone Number: (905)363-4105 |
Historical Expansion
In what year did First Choice Haircutters begin operations? 1980
When did First Choice Haircutters begin selling franchises? 1982
Year United States Canada International Corporate 2005 0 196 0 213 2004 0 192 0 201 2003 13 194 0 150 2002 13 185 0 148 2001 11 180 0 136
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
63% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 4 - 6
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Customer-service oriented, management skills
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
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