Lord's & Lady's Hair Salons
Lord's & Lady's Hair Salons
50 Tower Rd.
Newton, MA 02464
800#:
Tel: (617) 323-4714
Fax: (617) 332-7284
E-Mail: [email protected]
Web Site: www.lordsandladys.com
Contact: Mr. Michael Barsamian, President
Service and retail mall locations which normally do 50% men and 50% women in sales.
Franchisor Background
Established: 1975
First Franchise: 1980
Franchise Units: 22
Company-Owned Units: 0
Total Units: 22
Distribution:
U.S. -- 22;
Canada -- 0;
International -- 0
-North America -- Operations in 3 States
-States/Provinces with Greatest Density: 18 in MA, 3 in NH, 1 in CT
Projected New Units Over Next 12 months: 3
Franchisee Qualifications: 3, 4, 5, 3, 4, 4
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 6 FT, 8 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,500 SF; RM
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $50-175K
Total Investment: $50-175K
Average Total Investment: $112.5K
Minimum Net Worth: $200K
Fees:
-Franchise: $25K
-Average Franchise Fee: $25.0K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 0%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
International Franchise Association:
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 6
On-Going Support: A,B,C,D,E,F,H,I (Click here for an explanation)
Training: 2-5 Days in Boston, MA.
Franchisor's Specific Expansion Plans
U.S.: Northeast
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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