Sit Nonetheless Child’s Salon is a children-focused franchise providing haircuts and styling providers designed particularly for younger purchasers. Established in 2005 in Salt Lake Metropolis, Utah, the model has gained recognition as a trusted title within the children’ salon business.
With its headquarters in Salt Lake Metropolis, Sit Nonetheless Child’s Salon began franchising in 2012, bringing its progressive idea to communities throughout the nation.
The franchise emphasizes making a enjoyable, interactive atmosphere for youths, full with themed styling stations and fascinating leisure to make each go to a constructive expertise.
What units Sit Nonetheless Child’s Salon aside is its dedication to a child-first method, prioritizing the consolation and pleasure of its younger company. Distinctive options like video video games, motion pictures, and playful decor make sure that kids really feel comfy whereas receiving top-notch care.
Preliminary Funding
How a lot does it value to start out a Sit Nonetheless Child’s Salon franchise? It prices on common between $125,000 – $401,000 to start out a Sit Nonetheless Child’s Salon franchised heart.
This contains bills for building, furnishings, tools, preliminary stock, and startup working prices. The precise quantity varies based mostly on a number of components, corresponding to the kind of salon, its location, and whether or not the franchisee opts to lease or buy the property.
| Sort of Expenditure | Quantity (Low) | Quantity (Excessive) |
|---|---|---|
| Preliminary Franchise Payment | $20,000 | $45,000 |
| Preliminary Coaching Payment | $5,000 | $5,000 |
| Journey Bills to Company Coaching | $0 | $2,200 |
| Utility and Lease Deposits | $2,567 | $10,000 |
| Lease – 3 Months | $0 | $15,060 |
| Design, Structure, and Engineering | $1,890 | $8,000 |
| Leasehold Enhancements | $54,066 | $166,000 |
| Furnishings, Fixtures, and Gear | $5,000 | $50,000 |
| Permits and Allow Administration | $0 | $2,500 |
| Signage | $4,320 | $13,652 |
| Enterprise Administration (Laptop) Programs | $758 | $5,000 |
| Preliminary Advertising and marketing Payment | $10,000 | $10,000 |
| Preliminary Advertising and marketing Expenditure | $5,000 | $5,000 |
| Preliminary Stock | $5,000 | $12,000 |
| Skilled Charges + Licenses | $500 | $1,577 |
| Insurance coverage – 3 Months | $431 | $2,200 |
| Extra Funds – 3 Months | $10,000 | $47,500 |
| TOTAL | $124,532 | $400,689 |
Common Income (AUV)
How a lot income are you able to make with a Sit Nonetheless Child’s Salon franchise? A Sit Nonetheless Child’s Salon facility makes on common $293,000 in income (AUV) per yr.
Right here is the extract from the Franchise Disclosure Doc:
This compares to $343,000 yearly income for comparable hair salon franchises.
See under a number of rivals as compared:
Sit Nonetheless Franchise Disclosure Doc
Continuously Requested Questions
What number of Sit Nonetheless Child’s Salon places are there?
As of the most recent information, Sit Nonetheless Child’s Salon operates 17 places throughout the US, comprising each company-owned and franchised salons. The corporate continues to develop, with new salons opening in numerous areas.
What’s the whole funding required to open a Sit Nonetheless Child’s Salon franchise?
The overall funding required to open a Sit Nonetheless Child’s Salon franchise ranges from $125,000 to $401,000.
What are the continued charges for a Sit Nonetheless Child’s Salon franchise?
Sit Nonetheless Child’s Salon franchisees are required to pay a royalty price of 6% of product sales, with a minimal month-to-month fee of $500. Moreover, franchisees contribute 1% of product sales to the advertising and marketing fund. These charges are important for sustaining constant service high quality and model recognition throughout all places.
What are the monetary necessities to grow to be a Sit Nonetheless Child’s Salon franchisee?
To grow to be a Sit Nonetheless Child’s Salon franchisee, you want a minimal web value of $300,000 and at the least $70,000 in liquid capital to cowl preliminary and operational prices.
How a lot can a Sit Nonetheless Child’s Salon franchise proprietor anticipate to earn?
The common product sales for a Sit Nonetheless Child’s Salon franchise are roughly $0.29 million per location. Assuming a 15% working revenue margin, $0.29 million yearly income may end up in $44,000 EBITDA yearly.
Who owns Sit Nonetheless Child’s Salon?
Sit Nonetheless Child’s Salon is owned by Sit Nonetheless Children Franchisingled by franchise business professionals Amy Leclerc and Caroline, in partnership with the model’s founder, Nhu Vo.
Disclaimer
Disclaimer: This content material has been made for informational and academic functions solely. We don’t make any illustration or warranties with respect to the accuracy, applicability, health, or completeness of the data offered within the article. You shouldn’t construe any such info or different materials as authorized, tax, funding, monetary, or different skilled recommendation. Nothing contained in this text constitutes a solicitation, advice, endorsement, commercial, or provide to purchase or promote any franchises, securities, or different monetary devices on this or in another jurisdiction during which such solicitation or provide could be illegal below the franchise and/or securities legal guidelines of such jurisdiction.
All content material on this article is info of a normal nature and doesn’t tackle the detailed circumstances of any explicit particular person or entity. Nothing within the article constitutes skilled and/or monetary and/or authorized recommendation, nor does any info within the article represent a complete or full assertion of the issues mentioned or the regulation relating thereto. You alone assume the only real accountability of evaluating the deserves and dangers related to the usage of any info or different content material on this article earlier than making any choices based mostly on such info or different content material.
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