Snip-its Franchise Information Webinar

25
Welcome to the Snip- its Franchise Opportunity Webinar

description

If you’re looking for opportunity, success, freedom, and fun — a Snip-its franchise may be perfect for you. Snip-its is the smart, recession-resistant opportunity perfect for first time business owners, parents, families, or couples who want to start their own business this year. You don't need to be a licensed cosmetologist or a retail expert to become a Snip-its franchisee!.

Transcript of Snip-its Franchise Information Webinar

Page 1: Snip-its Franchise Information Webinar

Welcome to the Snip- its Franchise Opportunity Webinar

Page 2: Snip-its Franchise Information Webinar

Agenda

• Is Now A Good Time To Go Into Business For Yourself?

• Why a Franchise?• Why The Hair Industry?• Why Snip-its?• Next Steps

Page 3: Snip-its Franchise Information Webinar

Is Now a Good Time to go into Business for Yourself?

• Economic Uncertainty• Desire to Control Your Own Future• Job Security• Alternative to Retirement• Diversifying your Investments• Take advantage of record lows in commercial

real estate

Page 4: Snip-its Franchise Information Webinar

Why Invest in a Franchise?• Nearly 50% of all retail business in the United States is

done through franchises• Franchise businesses employ more than 14 million

Americans• One out of every 12 businesses in the United States is a

franchised business• 80% of other businesses fail in the first two years (U.S.

Department of Labor and IFA)• Franchise business owners, on the average, live within 10

miles of their franchise• In 2000, the median gross annual income before taxes of

franchisees was in the $75,000 to $124,000 range, with over 30% of franchises earning over $150,000

Page 5: Snip-its Franchise Information Webinar

Don’t Take My Word For It• A seven-year study found that 91% of franchised businesses were

still operating compared to a mere 20% of individual startups- source: entrepreneur.com

• Boston Globe (boston.com) ran article today “Buying into a franchise can take uncertainty out of getting started”

• “Trish Harrington brought her 6-year-old daughter to a birthday party at Snip-its in North Attleborough and fell in love with the children’s hair salon. A CPA and controller at a Rhode Island financing company, she went home, did her homework, and four months later signed an agreement with the Natick”-based franchise to develop three new locations.

Page 6: Snip-its Franchise Information Webinar

Why Invest in Hair Salon Industry?• Big Business: $45 Billion Dollar Industry• Children’s Segment is $5 Billion– NBC News recently reported number

of children enrolled in Elementary school has exceeded the baby boomer years by over a million.

• Recession Resistant• Absentee Model• Simple Operations

Page 7: Snip-its Franchise Information Webinar

Why Snip-its?• History of Snip-its from our founder, Joanna

Meiseles• How Much Does it Cost to Open a Snip-its?• How does Snipits assist in finding a good

location?• How do you learn to operate your Snip-its?• What type of marketing and ongoing support

does Snip-its corporation offer?

Page 8: Snip-its Franchise Information Webinar

Sept, 1993

Page 9: Snip-its Franchise Information Webinar

Sept,

1993

April,

1994

• Plenty of mom & pop, regional chains trying

Clear need

•Plenty of mom & pop, regional chains trying

• Clear need for this service

• No one “doing it right”

• for this service

• No one “doing it right”

April,

1994

Page 10: Snip-its Franchise Information Webinar

Framingham, MA•Snip-its First Salon Opened in September, 1995•Opened four more corporate locations•Opened first franchise in 2003•Grown to largest Children’s Hair Franchise in US•63 Salons open across the United State

Page 11: Snip-its Franchise Information Webinar

Snip-its Mission Statement

To become the biggest and best children’s hair care company in the world in number of salons,

single unit revenues, and customer experience.

Page 12: Snip-its Franchise Information Webinar

The Secret Snip-its Sauce• Snip-its has created an Entertaining Concept– Entertainment has a purpose, not a gimmick– Offer distraction– Help children form positive associations– Major differentiator against competition– Grounded in the Snip-its Gang

Page 13: Snip-its Franchise Information Webinar

Snip-its Hair Care Line• Proprietary Line formulated

just for kids• All natural, irritant-free,

alcohol free, botanical extracts

• Flavored shampoos are tear-free

• Spray Mouse is best seller!

Page 14: Snip-its Franchise Information Webinar

Snip-its Parties• Service Extension• Not many options for girls• Big benefits– Very Profitable service– Great marketing vehicle

• Types:– Glamour– Trip-to-Hollywood– Style-A-Doll– Goal 20% of total revenue

Page 15: Snip-its Franchise Information Webinar

How Much Does It Cost to Open a Snip-its?

• Express Unit– Turn-key cost ranges from $127,775 - $187,850– No party room, Average 700 sq ft– Includes franchise fee of $25,000

• Traditional Salon– Turn-key cost ranges from $141,189-$273,731– Party Room, Average 1200 sq ft

• Royalties– 1st year 5%, increases to 6%

Page 16: Snip-its Franchise Information Webinar

Location! Location! Location!

• Lifestyle/Power Center • Regional Retail Centers• 15,ooo kids in 10 minute drive time– Ages 0 – 9– Open 7 days per week, apx 55 hours per week– Site selection available

Page 17: Snip-its Franchise Information Webinar

Snip-its Team Members

• Staff of 7 – 10 Employees– Manager– Licensed Cosmetologists• Regulated by the state• Specialized Snip-its Training• Receptionist• Party Supervisor

Page 18: Snip-its Franchise Information Webinar

Snip-its Franchise Support System• Be in business for yourself, but not by yourself– Training• Grand Opening and Ongoing Artistic Training

– Operational Support– Financial Operations

• To Provide all the tools and support necessary for Snip-its franchisees to open and operate a successful and rewarding Snip-its business

Page 19: Snip-its Franchise Information Webinar

Training Support: How Do You Learn to Operate Your Snip-its?

•Franchise Training• Five days• At Corporate Office• Everything you need to know

•Grand Opening Training• On Site• 2 Corporate Employees• 3 Days

•Continuing Education•Custom training programs•Market and Store visits

Page 20: Snip-its Franchise Information Webinar

Snip-its Support Team• CEO – Jim George • Operation Consultant: Chris Ochoa• Field Financial Analyst, Jason Bloom• Marketing Consultant, Larry LaFontaine• Marketing Fund Committee• Artistic Education, Marsha Cole

Page 21: Snip-its Franchise Information Webinar

Marketing Support• Seasonal Promotional Calendar– Back to School– Holiday– Spring– Schools out for Summer

• Marketing Vehicles– In Store– Direct Mail– Print– PR

Page 22: Snip-its Franchise Information Webinar

Marketing Samples

Page 23: Snip-its Franchise Information Webinar

Marketing Samples

Page 24: Snip-its Franchise Information Webinar

Next Steps• Fill out Franchise Application• Interview with Director of Sales• Receive and Review Federal Disclosure Document• Speak with Current Salon Owners• Interview with CEO, Jim George• Sign Franchise Agreement – Pay $25,000

Franchise Fee• Start Site Selection

Page 25: Snip-its Franchise Information Webinar

Questions?