Cherry Blow Dry Bar Franchise Systems
Blowouts, extensions, makeup, hair treatments and styling- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$236K - $396K
- Units as of 2018
-
18
Company Overview
About Cherry Blow Dry Bar Franchise Systems
- Industry
- Personal-Care Businesses
- Related Categories
- Hair Care
- Founded
- 2008
- Leadership
- Fred Vicario, CEO
- Corporate Address
-
1415 Rte. 70 E., #100
Cherry Hill, NJ 08034
Business Overview
- Franchising Since
- 2008(15 years)
- # of employees at HQ
- 7
- Where seeking
-
This company is offering new franchisees in the following US states:
- # of Units
- 18(as of 2018)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Cherry Blow Dry Bar Franchise Systems franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $39,000
- Initial Investment
- $236,390 - $395,900
- Net Worth Requirement
- $250,000 - $400,000
- Cash Requirement
- $75,000
- Veteran Incentives
- $5,000 off franchise fee
- Royalty Fee
- 6%
- Ad Royalty Fee
- 1%
- Term of Agreement
- 10
- Is franchise term renewable?
- Yes
Financing Options
一些特许人提供内部融资,而others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Cherry Blow Dry Bar Franchise Systems has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 5 hours
- Classroom Training
- 76 hours
- Ongoing Support
-
Purchasing Co-opsMeetings & ConventionsGrand OpeningSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 8
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Cherry Blow Dry Bar Franchise Systems? Request a free consultation with a Franchise Advisor now.
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