Conveniently located in nearby malls and strip centers in 10 states, city looks caters to style-conscious clients looking for exceptional customer service and a full array of salon services.
Franchisor Background
Year Established: 1963
Franchising Since: 1968
Operating Units: |
Franchised Units: | 22 | | 100% | | |
Company-Owned Units: | 0 | | 0% | | |
| ______ | | _____ | | |
Total Operating Units: | 22 | | 100% | | |
|
Geographic Distribution: |
U.S.: | 22 | | 95.7% | | In 3 States |
Canada: | 1 | | 4.3% | | In 1 Canadian Provinces |
International: | 0 | | 0% | | In 0 Foreign Countries |
| ______ | | _____ | | |
Total: | 23 | | 100% | | |
|
North America: |
States/Provinces with the largest number of operating units: |
Density | Units | | | | |
1. Iowa | 3 | 2. Michigan | 3 | 3. Minnesota | 14 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment: |
Minimum Net Worth: | $400K + 150K Liquid Assets |
Cash Investment: | $116.1K-317.6K |
Total Investment: | $94.5-275K |
Average Total Investment: | $180K |
|
Fees: |
Initial Franchise Fee: | $22.5K |
Average Franchise Fee: | $22K |
On-Going Royalty: | 2% 1st Yr./6% succ. Yrs. |
Average Royalty: | 4% |
Advertising Fee: | 5% |
Average Number of Employees: 6 Full-time, 3 Part-time
Space Needs (in square footage): 1,000-1,200
Preferred Sites:
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
International Franchise Association: | Yes |
Canadian Franchise Association: | Yes |
Franchisee Association/Member: | Yes, Member |
Size of Corporate Staff: | 900 |
Site Selection Assistance? | Yes |
Lease Negotiation Assistance? | Yes |
Financial Assistance? | Yes, Indirect |
|
Marketing Support: |
Co-Op Advertising: | No |
National Advertising: | No |
Regional Advertising: | No |
Local Advertising: | No |
Marketing Materials: | None Specified |
Additional Services: | None Specified |
Other Marketing Support: | None Specified |
|
On-Going Support: |
Central Data Processing: | Not Applicable |
Central Purchasing: | Not Applicable |
Field Operation Evaluation: | Included in Fees |
Field Training: | Included in Fees |
Initial Store Opening: | Included in Fees |
Inventory Control: | Not Applicable |
Franchisee Newsletter: | Included in Fees |
Regional or National Meetings: | At Additional Cost |
800 Telephone Hotline: | Included in Fees |
|
Training: |
1. Franchise Support Office | 3-5 Days | 2. Field Training | 5 Days |
|
|
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): |
|
Financial Net Worth: | 4 |
General Business Experience: | 5 |
Specific Industry Experience: | 1 |
Formal Education: | 3 |
Psychological Profile: | 3 |
Personal Interview(s): | 4 |
| |
| |
Minority Representation
Units Owned by Minorities: |
African-American: | N/A |
Asian-American: | N/A |
Hispanic: | N/A |
Native American: | N/A |
Other: | N/A |
Specific Minority: | N/A |
| |
| |
Terms of Contract
Term of Initial Contract: | 10 Year(s) |
Term of Renewal Period: | 10 Year(s) |
Passive Ownership: | Allowed, But Discouraged |
Area Development Agreements? | Yes, for 1 Year(s) |
Sub-Franchising Contracts? | No |
Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 3
U.S.: | Yes, All United States |
Canada: | No |
Overseas: | No |
|