What Are the Startup Costs?
STARTUP COSTS FOR OUR SALON FRANCHISE OPPORTUNITIES
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.
To start a conversation about Fantastic Sams’ salon franchise opportunities with one of our franchise development representatives, please fill out the short, no-obligation form on this page. We’ll be in touch as soon as possible.
The business model is simple and easy to scale. Here’s a look at our startup costs, as outlined in Item 7 of our Franchise Disclosure Document.
| 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 | |||
30
Like this post