What Are the Startup Costs?
Starting out as a new salon entrepreneur, you can take advantage of multi-unit incentives by entering into a 3-pack, 5-pack or 10-pack agreement, or you can open a single salon if you prefer to scale up at your own pace. This is a great way to carve out your own piece of the market for future growth and opportunities.
| Type of Expenditure | Amount (Low-High) | Method Of Payment | When Due | To Whom Payment Is To Be Made |
|---|---|---|---|---|
| Initial Franchise Fee | $30,000 | Lump Sum | When you sign the Franchise Agreement | Fantastic Sams Franchise Corp (FSFC) |
| New Owner/SFC Training Fee | $500 to $1,000 | Lump Sum | Before your Training | FSFC |
| Travel and Living Expenses For You and Your Employees During Training | $1,500 to $3,000 | As Incurred | During Training | Airlines, Hotels & Restaurants |
| Leasehold Improvements (including architectural fees) | $30,000 to $175,000 | As Incurred | Before you open your Salon | Landlord, Suppliers & Contractors |
| Rent | $1,600 to $7,000 | Lump Sum | Before you open your Salon | Landlord & Suppliers |
| Utility Deposit | $500 to $1,500 | Lump Sum | Before you open your Salon | Utility companies |
| Initial Haircare Product Inventory (3 month supply) | $8,000 to $14,000 | As Incurred | Before you open your Salon | FSFC or Other Distributor |
| Salon Equipment | $25,000 to $42,500 | Lump Sum | Before you open your Salon | Suppliers |
| Other Equipment, Fixtures, and Furnishings | $6,262 to $16,506 | Lump Sum | Before you open your Salon | Suppliers |
| New Salon Signage | $3,500 to $8,500 | Lump Sum | Before you open your Salon | Suppliers |
| Salon Supplies - Non Technical (3 month supply) | $2,500 to $4,500 | As Incurred | Before you open your Salon | Suppliers |
| Salon Identity and Graphics Kit (interior graphics) | $500 to $2,000 | Lump Sum | Before you open your Salon | FSFC or Other Distributors |
| Grand Opening Marketing Plan/Advertising (first 3 months) | $7,500 to $18,000 | Lump Sum and As Incurred | Before and for 6 months after you open your Salon | Suppliers and/or FSFC to pay suppliers |
| Insurance | $1,000 to $9,000 | Non-refundable as required | As Incurred | Insurance Company |
| Additional Funds - 3 Months | $30,000 to $50,000 | As Incurred | As Arranged | Employees, Suppliers & Utilities |
| TOTAL | $148,362 to $382,506 | |||
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