not only give the opportunity to open a franchise, but also help make it better
People go to the salon not because of its name, but to a particular high-skilled specialist
Franchise fees range from $45,000 to $70,000
The franchise fee only provides right to use franchise name in advertising and outside building
The Initial Inventory Fee competes with your tenants who are also selling products
Franchisors collect 5% to 7% of your gross collected revenues, every year, regardless of your profits
Franchisors provide absolutely nothing for the fees which they are collecting from clients
Franchises charge a host of additional fees including:
$2000 per location site evaluation for each site evaluated; this can run up to $10,000.
Location Compliance Fee-A whopping $6,000 location compliance fee is charged for the franchisor to look/evaluate your space.
Initial Inventory Fee-Some franchises require you to purchase a set inventory of products with fees running between $5,000 to $20,000.
Architectural Fee-This fee can run between $15,000 to $30,000.