Hairstyling Franchise Review

Hairstyling Franchise Opportunity - Hairstyling Franchise Business for Sale

Another brandEXPANSION Project

brandEXPANSION

Too Hotties

Description

Too Hotties Shops offer professional barber, hair care, and personal grooming services, and a full line of hair care products and the Too Hotties signature line of merchandise. Too Hotties Shops provide a fun, professional and friendly environment for their clients. You may operate your Shop as a “Groomplex Shop” offering all of our franchised services and products in an upscale location, or as a “Retail Shop” offering those franchised services and products we require for Retail Shops, plus any additional franchised services and products that you and Too Hotties mutually agree for you to offer. Your Shop will provide hair care services to men, women, and children of all ages using the Too Hotties business system developed by us (the “System”). Depending on whether you operate your Shop as a Groomplex Shop or Retail Shop, your Shop will offer haircuts, shampoos, styles, coloring, and a full line of hair care products, and may offer additional services and products like laser hair removal, tanning, shoe shines, and manicures.

Background

Year Established: 2004
Year First Franchised: 2005
Franchised Units: Sold 247
Open: 8
Company Owned Units: 2
Projected New Units (12 months): 48
States/Countries Registered In: All US Non Registration States and California, New York, Michigan, Connecticut, Florida, Kentucky, South Carolina and Texas. We will accept any referrals with the understanding that if we are not registered we will upon a qualified applicant.

We typically define Territories based upon populations of approximately 50,000 persons. The minimum size of your territory will be 2 miles in radius.

Financial/Terms

INITIAL INVESTMENT: $198.5K to $371.85K Single Salon Shop; $296.25K - $499.35K - Groomplex Salon Shop; $246.5K - $1.2 million - Master
Cash Investment: Single: $60K, 20-30% cash required per SBA requirements
Cash Investment: 3 pack Location: $90K and up
Minimum Net Worth: Required $250K
Franchise Fee: Single $25K, 2nd $22.5K, 3rd $20K
Discounts: yes
Vet Fran Program Participant: No
Royalty: 6%
National Ad: 2%
Average # of Employees: 8-10
Management Ownership Allowed: Yes - We are looking for owners with no hair cutting experience. Owners may have a current source of income such as employment being a management owner. Owner will be involved with a minimum 15-25 hours per week or will need to meet (SBA requirements of hours per week)
Earnings Claim: No

Hairstyling Franchise Concepts

• City Looks
• Cost Cutters
• Fantastic Sams
• Great Clips for Hair
• Hair Color Xperts
• Knockouts
• Pro Cuts
• Snip-Its
• Sport Clips
• Super Cuts
• Too Hotties

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