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Entrepreneur: Start & Grow Your Business

Ideal Image

Laser hair removal

Background

Founded: 2001 Franchising since: 2004
4830 W. Kennedy Blvd., #440
Tampa, Florida 33609
Phone:
(813)286-8100

Franchisee Association
Ideal Image National Advisory Council

Franchisor is a privately-held company with 20 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 60 0 1 7
2006 44 0 1 6
2005 31 0 1 2

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.

Costs and Fees

Total investment: $551.3K-903.4K
Franchise fee: $25K-35K
Ongoing royalty fee: 9%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $750K+
Cash liquidity requirement: $450K

Operations
  • 63% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 4 - 4
  • Absentee ownership of franchise is allowed. (12% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2-4 weeks
  • At franchisee's location: As needed
  • Ongoing online training

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Regional advertising

Other marketing support
  • Market-specific ad campaigns

Rankings

Franchise 500® rank:
#470 (2007);