- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$422K - $780K
- Units as of 2016
-
2
Company Overview
About Grooming Lounge Franchise LLC
Industry | Personal-Care Businesses |
---|---|
Related Categories | Hair Care, Miscellaneous Personal-Care Businesses |
Founded | 1999 |
Leadership | Michael Gilman, Founder and CEO |
Corporate Address |
1120 Connecticut Ave. N.W., #435 Washington, D.C., 20036 |
Social | Facebook, Twitter |
Business Overview
Franchising Since | 2014 (10 years) |
---|---|
# of employees at HQ | 10 |
Where seeking |
This company is offering new franchises in the following US states: |
# of Units | 2 (as of 2016) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Grooming Lounge Franchise LLC 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
|
$40,000 |
---|---|
Initial Investment
|
$422,255 - $779,990 |
Net Worth Requirement
|
$200,000 - $1,000,000 |
Cash Requirement
|
$150,000 - $1,000,000 |
Veteran Incentives
|
$10,000 off franchise fee |
Royalty Fee
|
5% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
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 | 1 week |
---|---|
Classroom Training | 1 week |
Ongoing Support |
Purchasing Co-ops
Newsletter
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
Marketing Support |
Co-op Advertising
National Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 10-15 |
Are exclusive territories available?
|
Yes |
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