Business Description

For over twenty years, MHN has been the innovator in the hair replacement field. Our patented derma bond process was the first permanent bonding method. Our unique unit design and manufacture combined with our micro skin and liquid skin applications does assure clients will receive a natural and undetectable result.

Franchisor Background

Year Established:  1972

Franchising Since:  1994

Operating Units:
Franchised Units:	0	0%
Company-Owned Units:	3	100%
Total Operating Units:	3	100.0%
Geographic Distribution: U.S.: 3 100% In 2 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 3 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. New York	2
2. New Jersey	1

Registered in Following Registration States: New York

Financial Requirements

Investment:
Minimum Net Worth:	$250K
Cash Investment:	$125-225K
Total Investment:	$125-225K
Average Total Investment:	$175K
Fees:
Initial Franchise Fee:	$25-200K
Average Franchise Fee:	$112K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	3%

Average Number of Employees: 8-10 Total Full-time, 8-10 Total Part-time

Space Needs (in square footage): 2,200

Preferred Sites:

Other Sites: OB

Encourage Conversions? No

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	5
General Business Experience:	4
Specific Industry Experience:	2
Formal Education:	2
Psychological Profile:	4
Personal Interview(s):	4
Terms of Contract
Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Not Allowed
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	No
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	3
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	At Additional Cost
Initial Store Opening:	Included in Fees
Inventory Control:	At Additional Cost
Franchisee Newsletter:	Not Applicable
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees
Training:
1. NY	2 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 2 U.S.: Yes, Northeast Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Men's Hair Now.