Business Description

HCX INTERNATIONAL is the newest innovation in hair salons, offering affordable hair color services and custom blended cosmetics at affordable prices in an up-scale salon environment.

Franchisor Background

Year Established:  2000

Franchising Since:  2001

Operating Units:
Franchised Units:	14	77.8%
Company-Owned Units:	4	22.2%
Total Operating Units:	18	100.0%
Geographic Distribution: U.S.: 18 100% In 14 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 18 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. New Jersey	3
2. Maryland	2
3. Florida	10

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$250K
Cash Investment:	$80-100K
Total Investment:	$199-299K
Average Total Investment:	$249K
Fees:
Initial Franchise Fee:	$15K
Average Franchise Fee:	$15K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	3%

Average Number of Employees: 15 Full-time, 1 Part-time

Space Needs (in square footage): 1,200-1,400

Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	5
General Business Experience:	4
Specific Industry Experience:	4
Formal Education:	3
Psychological Profile:	3
Personal Interview(s):	5
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	5 Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	42
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
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:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Ft. Lauderdale, FL	10 Days
Expansion Plans
Projected New Units Over Next 12 months: 250 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: Yes, Australia, UK, Canada	Request Franchisor Info   Submit an online form to receive information from HairColorExperts / HCX.