They need to lead by example and make sure systems and procedures are followed. “The first six to 12 months are a crucial time for the business, and for a franchisee to be seen, heard and felt as a major positive influence on employees as the studio builds memberships, as well as personally interacting with members. However, when it comes to how much face-time is needed of the franchisee, this may vary depending on the flexibility of the franchisee and their personal circumstances, says CEO Arthur McColl. The fitness classes change daily.Ī part of the Collective Wellness Group, the model allows for a franchisee investor. For fitness sessions, members are split into two groups to maintain heart rates alongside other routines. Orangetheory Fitness is a gym concept that delivers individual fitness within a group environment. Regardless of the number of haircuts provided each week, the fee stays constant. The model has a fixed weekly franchise service fee, based on 12 units a week, with a “unit” being the current price of a Style Cut.
#Hands off business ideas full
The initial franchise fee for a kiosk salon is $12,500, and $25,000 for a full salon. “All you need is a passion for people and a willingness to learn and grow.”Ī Just Cuts kiosk salon starts from $80,000 and a full in-line salon from $160,000. “We provide our franchisees with a proven, successful system that guides them through every step of opening a salon,” he says. In fact, most Just Cuts franchisees are not hairdressers. “As client numbers and retail sales grow, so does a franchisee’s earning potential.”
“With Just Cuts, franchisees also set their own pace,” says Manning. Franchisees then appoint a team leader who can run the day-to-day activities.”īut can a buyer expect passive income from a Just Cuts franchise? “This can happen as soon as the stylists, who all must be qualified hairdressers, receive the necessary induction and guidance from the Just Cuts Academy. “Our systems, processes, support model and training opportunities help empower stylists to easily run the business for franchisees.
“Many of our franchisees spend less than 30 hours each week working on their business,” says business development manager Luke Manning. Just Cuts is a salon business that has been franchising for more than 27 years, and franchisees do not need a hairdressing background. Here, Inside Franchise Business explores some franchises that are geared for investor-types… Just Cuts But can franchises be run by an investor who appoints ground-level managers? “Certainly in the beginning you would need to be involved in the business,” she says. If a franchise system advertises an investor-type model involving minimal effort, potential franchisees should first read the fine print, she warns.
Generally, a franchise is not considered a passive income source, says Smart Franchise co-founder Kate Groom. Business is known for the gruelling hours entailed in kick-starting growth, but what is involved when an investor role is offered to a franchisee?
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