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Men's Hair Now
515 Madison Ave., # 300
New York, NY 10022
800#: (800) 835-HAIR
Tel: (919) 401-9759
Fax: (212) 832-0942
E-Mail: [email protected]
Web Site: www.menshair.com
Contact: Mr. Joseph S. Pierro, Vice President
For over twenty years, MHN has been the innovator in the hair replacement field. Our patented derma bond process was the first permanent bonding method. Our unique unit design and manufacture combined with our micro skin and liquid skin applications does assure clients will receive a natural and undetectable result.
Franchisor Background
Established: 1972
First Franchise: 1994
Franchise Units: 0
Company-Owned Units: 3
Total Units: 3
Distribution:
U.S. -- 3;
Canada -- 0;
International -- 0
-North America -- Operations in 2 States
-States/Provinces with Greatest Density: 2 in NY, 1 in NJ
Projected New Units Over Next 12 months: 2
Franchisee Qualifications: 5, 4, 2, 2, 4, 4
(Click here for an explanation)
Registered in Following Registration States: NY (Click here for an explanation)
Average Number of Employees: 8-10 FT & PT (FT = Full Time, PT = Part Time)
Space Needs: 2,200 SF; OB
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $125-225K
Total Investment: $125-225K
Average Total Investment: $175.0K
Minimum Net Worth: $250K
Fees:
-Franchise: $25-200K
-Average Franchise Fee: $112.5K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 3%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Not Allowed
Area Development Agreements: Yes/10
Sub-Franchising Contracts: Yes
Expand In Territory: No
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 3
On-Going Support: C,d,E,f,h,I (Click here for an explanation)
Training: 2 Weeks in NY.
Franchisor's Specific Expansion Plans
U.S.: Northeast
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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