Investing In A Hair Salon Franchise
Fantastic Sams® is seeking highly motivated individuals with the desire, experience, and financial ability to own and operate their own hair salon business. Successful franchisees will have the following financial qualifications:
- Minimum Liquid Assets - $60,000
- Minimum Net Worth - $250,000
The above listed Requirements for single salon franchises are guidelines only and may vary by region. For multiple hair salons, the actual requirements will be higher and vary according to the number of salon franchises to be developed, the region and the agreed timeframe in which to open the salons. For more information about starting a hair salon business in the city or town of your choice, complete our confidential questionnaire and a Development Representative for your region will contact you to discuss the available franchise business opportunities in more detail.
Store Development Costs
The following describes the typical investment for opening a new hair salon franchise with Fantastic Sams. These costs could be lower or higher depending on the region.
Description
| Low
| High
|
Initial License Fee
| $30,000
| $30,000
|
New Owner Training
| 0
| 2,600
|
Travel & Living Expenses During Training
| 1,500
| 3,000
|
Leasehold Improvements (including architectural fees)
| 20,000
| 80,000
|
Rent & Utility Deposits
| 3,000
| 7,000
|
Initial Haircare Product Inventory
| 8,000
| 12,000
|
Beauty Salon Equipment
| 18,000
| 25,000
|
Other Equipment, Fixtures and Furnishings
| 3,000
| 7,000
|
Hair care Supplies – Non Technical
| 2,500
| 3,500
|
Salon Identity & Graphics
| 500
| 1,500
|
Advertising (first 90 days)
| 7,500
| 15,000
|
Insurance
| 1,000
| 2,000
|
Additional Funds/Working Capital (3 months)
| 20,000
| 40,000
|
| Totals | $115,000 | $228,600 |
Note: This is an estimate only of the capital needed to open and operate your salon business during the initial 12 months. Fantastic Sams cannot guarantee that you will not have additional expenses starting a hair salon business.
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