The Yellow Balloon
At a Glance
Products & Services: Children's hair salon
Number of Locations:
Total Investment: $55K - 103.5K
Founded: 1983
Began Franchising: 2000
Private Owned
About The Yellow Balloon
Nadia Pidgeon opened her first The Yellow Balloon children's hair salon in 1976 near UCLA and a second location five years later near Universal Studios, serving the children of celebrities, like Warren Beatty, and child stars, like the Olsen Twins. The company began franchising in 2000.Each The Yellow Balloon salon caters to kids, featuring mini-arcades and toy boxes, and offering young customers balloons, cookies and popcorn. To commemorate a baby's first haircut, parents are given a framed photo, certificate and lock of hair. Adults can also have their hair cut at The Yellow Balloon.
Startup Costs, Ongoing Fees and Financing
Total Investment: $55,000 - $103,500
Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $80,000
Operations
Number of employees needed to run franchised unit: 6. Absentee ownership of franchise is allowed..| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 7 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,