HairColorExperts
Yes, we actively support the inclusion and development of minority-owned franchises in the HairColorExperts system.
HairColorExperts
4850 W. Prospect Rd.
Ft. Lauderdale, FL 33309-3048
800#: (866) HCX-HCX1
Tel: (954) 315-4900
Fax: (954) 486-5623
E-mail: gcannon@hcx.com
Web Site: www.hcx.com
Contact: Ms. Gail Cannon, Director of Franchising
HCX INTERNATIONAL is the newest innovation in hair salons, offering affordable hair color services and custom blended cosmetics at affordable prices in an up-scale salon environment.
Franchisor Background
Established: 2000
First Franchise: 2001
Franchise Units: 14
Company-Owned Units: 4
Total Units: 18
Distribution:
> North America -- Operations in 14 States
> States/Provinces with Greatest Density: 10 in FL, 3 in NJ, 2 in MD
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 15 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,200-1,400 SF; FS, SF, SC, RM
(for abbreviations click here)
Financial Requirements
Cash Investment: $80-100K
Total Investment: $199-299K
Average Total Investment: $249K
Minimum Net Worth: $250K
Fees
>Franchise: $15K
>Average Franchise Fee: $15K
>Royalty: 6%
>Advertising: 3%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Allowed
Area Development Agreements:Yes/20
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: NR
Size Of Corporate Staff: 42
On-Going Support: A,B,C,D,E,F,G,H,I (for an explanation click here)
Training: 10 Days Ft. Lauderdale, FL.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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