The Yellow Balloon Franchise
Sunday, January 31, 2010 at 01:00PM Children's hair salons
Nadia Pidgeon opened her first The Yellow Balloon children's hair salon in 1976 near UCLA and a second location five years later near Universal Studios, serving the children of celebrities, like Warren Beatty, and child stars, like the Olsen Twins. The company began franchising in 2000.
Each The Yellow Balloon salon caters to kids, featuring mini-arcades and toy boxes, and offering young customers balloons, cookies and popcorn. To commemorate a baby's first haircut, parents are given a framed photo, certificate and lock of hair. Adults can also have their hair cut at The Yellow Balloon.
Start-up Costs & Franchises Fees
What is the total cost to open a The Yellow Balloon Franchises?
Total Cost: $55,000 USD -$103,500
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees:
Term of Agreement: 5 years
Franchise Agreement Renewal Fee: $2.5K
Contact Information for The Yellow Balloon
|
The Yellow Balloon |
Phone Number: (818)760-7141 |
The Yellow Balloon In the Press
No results at this time.Historical Expansion
In what year did The Yellow Balloon begin operations? 1983
When did The Yellow Balloon begin selling franchises? 2000
Year United States Canada International Corporate 2002 3 0 0 1 2001 1 0 0 1 2000 0 0 0 1 1999 Not Available Not Available Not Available 1 1998 Not Available Not Available Not Available 1
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
Number of employees needed to run franchised unit: 6
Absentee ownership of franchise is allowed.
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
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