FRANCHISE CRITERIA
Initial Investment
Franchise Fee: $45,000
Estimated Initial Investment (Including Franchise Fee): $317,500 - $498,500
Item 7 table
| Type of Expenditure | Amount | |
|---|---|---|
| Low | High | |
| Initial Franchise Fee | $45,000 | $45,000 |
| Tech Setup Fee | $750 | $750 |
| Real Estate Rent Deposits and Pre-Paid Expenses | $15,000 | $25,000 |
| Traveling Costs While Training | $2,500 | $7,500 |
| Grand Opening Marketing | $15,000 | $20,000 |
| Fixtures, Furnishings | $90,000 | $115,000 |
| Signage | $5,500 | $15,000 |
| Equipment | $1,000 | $2,500 |
| Computers, Hardware, and Software | $2,000 | $4,000 |
| Yelp Account Setup Fee | $1,400 | $1,400 |
| Xtension Envy Salon Leasehold Improvements | $50,000 | $125,000 |
| Inventory and Supplies | $65,000 | $75,000 |
| Inventory and Supplies from US (hair & tools) | $53,500 | $56,000 |
| Professional Fees | $1,500 | $5,000 |
| License, Permits and other Licenses | $1,000 | $2,500 |
| Insurance | $1,000 | $2,000 |
| Architectural/Engineering Fees | $8,000 | $15,000 |
| Delay of Opening Fees | $0 | $1,000 |
| Additional Funds- 3 Months | $15,000 | $40,000 |
| TOTAL ESTIMATED INITIAL INVESTMENT | $317,500 | $498,500 |
Viable Market Criteria
- Viable markets will be cities or communities with at least 50,000 residents within a three (3) mile radius from the salon and those people will have an average household income of $75,000+ annually
Prime Open Markets
- AZ, CA, CO, FL, NC, NJ, NV, SC, TN, TX, UT
Ideal Franchisee
Net worth - $500K
Liquidity - $150K
The ideal Xtension Envy partner should express the following traits and meet the following criteria to be considered:
Unwavering dedication to the Xtension Envy brand and mission
Minimum net worth of $500,000
Minimum liquidity of $150,000
A desire to be actively involved in the business preferably as an operator
Experience in the spa/beauty, hospitality, or retail industry preferred
Previous franchise experience preferred
Reach out to our team to learn more about Single Unit, Multi-Unit, and Area Representative Opportunities
Passionate About Beauty
Have a passion about the beauty industry and building your place within it.
Desire to Help Others
You should get great satisfaction out of knowing that the services you provide help your clients feel stronger, sexier, and more powerful than they did when they walked in the door.
Team Mentality
A franchise system is a team of like-minded entrepreneurs who share the same passions and business model. When one wins, they all win. You are not in competition with each other.
Willing to Learn
Be open to learning our processes and systems. They’ve been developed for you and they will play crucial roles in the success of your salon.
Ability to Lead Others
Great franchisees have a presence in their business even if they aren’t managing it on a daily basis. Provide leadership to every member of your staff. Let them know when they’ve done a job and coach them when they haven’t. Without them, you don’t have a business to operate.
Ability to Lead Others
Great franchisees have a presence in their business even if they aren’t managing it on a daily basis. Provide leadership to every member of your staff. Let them know when they’ve done a job and coach them when they haven’t. Without them, you don’t have a business to operate.
Engaging Personality
Being able to develop relationships with your salon clientele and your staff is a huge plus. People like to be recognized and acknowledged.
Let’s Get Started!
Click below to speak with our team
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