Nikita Hair Franchise Review

Nikita Hair

Franchise Review

 

 

 

 

 

SNAPSHOT

  • BizOp or Franchise:                          Franchise
  • Name:                                                  Nikita Hair
  • Category:                                            Personal Care
  • Subcategory:                                     Hair Care
  • Home-based:                                     No
  • Veteran discount:                             Yes
  • SBA Approved:                                 No
  • Absentee Ownership Allowed:        Yes
  • Item 19:                                              Yes

WHO IS NIKITA HAIR?

  • Unique Salon Signature Collection. Gives the highest profit margin possible for our franchisees
  • Product sales 2-3 times higher than industry standard
  • Creating Loyal Clients
  • A Strong Company Culture
  • Clear Goals
  • Skilled Employees
  • High Traffic Locations
  • Family Business with Strong Values

 

WHY NIKITA HAIR?

You get the best of both words here….it’s a “new” concept, as it is new to the US, yet it’s been tried and testing in Europe since 1984. Norway has over 100 company owned locations and 2 franchises as of this writing, so the success can easily be verified.  Reviewing the Item 19 can give you tremendous insight into the achievement of this company. Passive ownership is allowed, so keeping your current job could be possible.

 

  • The hair industry is growing annually, it’s a $62 billion industry in the USA and remains strong even in times of recession.
  • Haircuts cannot be done on the internet, so it’s a safe and long-lasting investment.
  • You can choose to be as off-site owner, a day to day manager or an executive.

 

WHO IS NIKITA HAIR LOOKING FOR?

  • .Their Ideal Candidate
    •    Entrepreneurial spirit
    •    Ability to follow a proven concept
    •    Leadership and motivational skills
    •    Sales oriented
    •    Management experience and people skills
    •    Drive for on-going development
    •    Minimum 5-10 years of work experience
    •    Financial resources to pay initial Fee + 6 months working capital

FINANCIAL INFORMATION

  • Franchise Fee: Single: $39,000
  • Total investment range: $162,300 – $268,550
  • Net worth requirement: at least franchise fee plus 6 months operating capital
  • Royalty: 5%
  • Financial assistance available: YES, 3rd Party
  • VetFran program: YES
  • Providing earnings guidance in Item 19 in FDD: YES
  • Semi-Absentee ownership available: YES

FRANCHISEE SUPPORT

TRAINING

 

  • Cost for Training: Initial training FREE; Later for new hires: $250 per person/day
  • Site Selection Assistance: Yes
  • Mentor following training: Yes
  • Length of mentoring Franchisee: ongoing

For more information, please submit this request.

 

 

 

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