
Whip Salon
Beauty salons- Units as of 2019
-
3 Previous years N/A200.0%
- 2021 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$188K - $362K
Company Overview
About Whip Salon
Franchising Overview
- Franchising Since
- 2019 (2 years)
- # of employees at HQ
- 30
- # of Units
- 3 (as of 2019)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Whip Salon 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
- $30,000
- Initial Investment
- $188,456 - $361,906
- Net Worth Requirement
- $400,000
- Cash Requirement
- $100,000
- Royalty Fee
- 6%
- 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
- 45 hours
- Classroom Training
- 34 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
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?
- Yes
- Are exclusive territories available?
- Yes
Franchise 500 Ranking History
Compare where Whip Salon landed on this year’s Franchise 500 Ranking versus previous years.
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