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The Actual Roosters Men’s Grooming Center Franchise Cost
IBISWorld foresees that barbershop and hairdressing franchises will advance in the coming years. Due to this, there could be a growing interest in franchising one. There are many choices in the market, and one of the popular options is Roosters Men Grooming Center. But how much does a Roosters’ Men’s Grooming Center franchise cost?
In this article, know more about the Roosters Men’s Grooming Center and the requirements needed to open one.
Roosters Men’s Grooming Center Franchise Overview
Roosters Men’s Grooming Center started operations in 1999. What makes them different from other barbershops is they provide an old-school, authentic experience in the modern world. All the employees in a Roosters’ Men Grooming Center strive to care for and personalize an individual’s service.
The barbershop’s parent company is the Regis Corporation. They handle other salons and barbershops around the United States with locations in Canada, Puerto Rico, and the United Kingdom. As part of the Regis Corporation, other brands under this group are Supercuts, Cost Cutters, and First Choice Haircutters. They’re also available for franchising.
Any Roosters Men’s Grooming Center offers haircut services like Roosters Club Cut and Head Shave. They also provide shaving services neck and beard trim and their 7-step shave. They do coloring and highlighting too. Plus, they can also do facials. As for the products, they have signature products and carry known brands like Paul Mitchell and Aveda Men.
Besides having locations in the United States, you can find Roosters Men’s Grooming Centers in Canada. Currently, they have more than 80 locations.
Even if they’re a barbershop, Roosters Men’s Grooming Center is not limited to men. Anyone can enter the barbershop and avail of any of the services.
Before we discuss the Roosters Men’s Grooming Center franchise cost, know what it is in for you when you get started.
Training
The franchisor requires two training programs for the franchisees to complete. The first is classroom training that lasts around 50 to 60 hours. Meanwhile, the on-the-job experience takes about 40 to 56 hours to complete.
Plus, they need to accomplish onsite training 30 days before opening the barbershop. The franchisor may hold the training in the headquarters or an assigned location. Moreover, they may conduct other training sessions in the future that franchisees may need to attend.
Territory and Obligations
The franchisor will approve the location where the center will operate. Plus, they’ll also have a two-mile radius “protected area.” This means no other franchise can open in that protected area, but the franchisor may make some exceptions based on the Franchise Disclosure Document.
A designated manager can run, supervise, and manage the barbershop and must do so full-time. Meanwhile, franchisees should always supervise. According to the Regis Corporation, franchisees don’t have to run the center full-time. Plus, anyone employed in that franchise should have also undergone the training conducted by the franchisor.
In addition, the franchise must be open in hours indicated in the Franchise Agreement. And the franchise should observe standards and regulations as set by the franchisor.
Franchisees will have a 10-year initial term. But, if they decide to renew and meet the requirements, they can get additional 10-year terms.
Roosters Men’s Grooming Center Franchise Cost
The franchisor estimates that the Roosters Men’s Grooming Center franchise cost ranges from $195,750 to $334,850. This doesn’t include the other expenses you may have to shell out. As for financial assistance, they don’t offer any.
Check out the tables below for the initial investment and other costs of a Roosters Men’s Grooming Center franchise.
Your Investment
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $39,500 | $39,500 |
| Travel and Living Expenses During Initial Training | $0 | $3,000 |
| Grand Opening Advertising | $10,000 | $15,000 |
| Insurance | $250 | $350 |
| Rent (first and last months’ rent) | $10,000 | $15,000 |
| Professional Fees | $6,000 | $12,000 |
| Exterior Signage | $5,000 | $10,000 |
| Leasehold Improvements | $65,000 | $130,000 |
| Furniture, Fixtures & Equipment | $40,000 | $70,000 |
| Opening Inventory | $5,000 | $10,000 |
| Construction Management Services Fee | $0 | $5,000 |
| Additional Funds (first three months) | $15,000 | $25,000 |
| ESTIMATED TOTAL | $195,750 | $334,850 |
Other Costs
| Type of Fee | Amount |
|---|---|
| Royalty | 4% of Gross Sales until first year anniversary. From first year anniversary through end of Franchise Agreement term: 6% of Gross Sales. |
| Transfer – Legal Entity | $100 |
| Transfer – 3rd Party | $5,000 per center. |
| Renewal | $2,500 per center. |
| National Advertising Fund | Up to 2% of Gross Sales (currently required to pay 1%). |
| Interest on Overdue Payments (Finance Charges) | 18% per annum or maximum rate permitted by state law. |
| Additional Training Fee | Then-current tuition fee $100 per day plus expenses. |
| Annual Convention | Currently $375 to $1,500 per person attending. |
| Franchisor-Obtained Insurance | Varies. |
| Indemnification | Will vary under circumstances. |
| Local Advertising Cooperative | Up to $500 per month, as approved by co-op. |
| Local Advertising Expenditures | Minimum of $1,000 per month. |
| E-mail Exchange Mailbox | $15 per month per mailbox. |
| Supplier Testing | Reasonable cost of inspection and actual costs of test(s). |
| Ongoing Supplies/Inventory Purchases | Cost of requested inventory/supplies. |
| Software Fee | $140 to $300 per month. |
| Tax Reimbursement | Reimbursement of the franchisor’s tax payments. |
| Remodel Plan Review Fee | $2,500 |
| Lease Renewal Fee | $1,500 |
Did You Know?
- A franchisee can open a Roosters Men’s Grooming Center in locations like a residential complex, hotel, or airport. In this case, they might have a smaller “protected area” that may allow other franchises to open nearby.
- Apart from the initial Roosters Men’s Grooming Center franchise cost, franchisees need to contribute to an advertising fund. Regis Corporation has advertising options for some brands. Plus, they have marketing experts that can attract and retain customers.
- A potential franchisee doesn’t need to have prior experience in hair care. Regis Corporation expects franchisees to have business management and customer experience. Aside from that, a potential franchisee should demonstrate leadership and communication skills. Plus, they should be business savvy and have high emotional intelligence. Aside from that, franchisees also have the option to choose a single or multi-unit operation.
- The corporation will also help the franchisee in every step of the way. Since they’ve been in the business for 88 years, they can help the franchisee grow. They’ll support franchisees from pre-opening to growth. Plus, aside from the marketing department, seven other departments will guide the franchise towards potential success.
If this franchise interests you, you can apply by filling out a contact form here. Regis Corporation will email you more franchise information if you want to proceed with this venture.
If you want to read more about other franchises, you can check out other resources here at Franchise How!