GIFT CARDS
| Expenditures | Low | High | Due | Payment | Refund Policy | Recipient |
|---|---|---|---|---|---|---|
| Initial Franchise Fee ( Note 1 ) |
$35,000 | $50,000 | At Signing | Lump Sum | Partially refundable if you fail to complete satisfactory initial training | Sunsera |
| Leasehold Improvements ( Notes 2 & 3 ) |
$100,000 Depending upon Landlord | $175,000 | Before Opening | As incurred | A Portion to be refunded from the Landlord for Leasehold allowance negotiated at signing | Sunsera & Other Suppliers |
| Furniture, Computer, Software & Signage ( Note 3 ) |
$210,000 | $300,000 | Before Opening | As incurred | No | Sunsera & Other Suppliers |
| Opening Inventory & Supplies ( Note 4 ) |
$20,000 | $30,000 | Before Opening | Lump Sum | No | Sunsera & Other Suppliers |
| Security Deposits, Utility Deposits, Business Licenses | $25,000 | $35,000 | Before Opening | As incurred | Deposits are refundable; Business licenses are not | Other Suppliers |
| Grand Opening ( Note 5 ) |
$5,000 | $5,000 | As Incurred | As agreed | No | Sunsera & Other Suppliers |
| Additional Funds 3 Months ( Note 6 ) |
$50,000 | $70,000 | As Incurred | As incurred | No | Other Suppliers |
| Initial Investment ( Note 7 ) |
$420,000 | $665,000 | Estimated Total Initial Investment | |||
Notes
Note 1 : Initial Franchise Fee
The fee will vary based on various criteria including the population and general demographics of the protected territory the franchisee is awarded.
Note 2 : Leasehold Improvements
You must purchase or lease commercial retail Salon space which meets our standards and specifications. Real estate costs vary widely from location to location, so we have not estimated your real estate expenditures. The estimate above only covers limited leasehold improvements such as painting and other improvements by you. These costs may vary significantly from market to market.
Note 3 : Furniture, Signs, Computer Hardware & Software
This includes the estimated cost to equip your salon with all required computers and software for the operation of the business.
Note 4 : Opening Inventory
You must open with and maintain an inventory of Sunsera Salons approved hair and tanning products. You must also open with and utilize Sunsera Salons software (POS), a lap top, external hard drive and other supplies.
Note 5 : Grand Opening
You must spend between $5,000 as a minimum on marketing and promoting your Sunsera Salons Franchise seven days (7) prior to opening your Sunsera Salons and thirty days (30) after the opening of your Sunsera Salons Franchise. We must approve your grand opening marketing plan at least two (2) weeks in advance of the grand opening. We may make available to you for purchase, marketing and promotional materials for your use during the grand opening period.
Note 6 : Additional Funds
This estimates your pre-operational expenses, which we have not listed above, as well as additional funds necessary for the first three months of your business operations. These figures are estimates and Sunsera Salons cannot guarantee that you will not have additional expenses starting your business. Your costs will depend on factors such as: how much you follow our methods and procedures, management skill, experience and business acumen, local economic conditions, local market for our services, the competition and sales levels reached during this initial period. You are responsible for all travel and living expenses incurred while attending the initial training program.
Note 7 : Initial Investment
We relied on our founders’ 20 + years experience in a similar industry and our affiliates’ operation of Sunsera Salons for approximately 20 years when preparing these figures. You should review these figures carefully with a business advisor before making any decision to purchase a franchise. We do not offer any financing in connection with your initial investment. The availability and terms of financing from independent third parties depends on factors such as the availability of financing generally, your creditworthiness, other security and collateral you may have and policies of lenders.
