Nikita Hair

Nikita Hair

Hair salons
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$162K - $269K
Units as of 2019
1

Company Overview

About Nikita Hair

Related Categories
Hair Care
Founded
1984
Leadership
Andrea Lyman, CEO

Franchising Overview

Franchising Since
2018 (3 years)
# of employees at HQ
10
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
1 (as of 2019)

Franchisor Information

Corporate Address
433 Plaza Real, #275
Boca Raton, FL 33432

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Nikita Hair 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
$162,300 - $268,550
Royalty Fee
6%
Ad Royalty Fee
1.5%
Term of Agreement
10
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Nikita Hair 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
22 hours
Classroom Training
24 hours
Ongoing Support
Meetings & Conventions
Grand Opening
Security & Safety Procedures
Marketing Support
Ad Templates
National Media
Regional Advertising
Social 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
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Nikita Hair landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021