Cash Investment (Liquid): $100000
Minimum Investment: $157817
Maximum Investment: $339385
Minimum Net Worth:
Franchise Fee: $42500
Average # of Employees:
2 + owner
Year Established: 2001
Year First Franchised: 2002
The Image Studios 360 salon studio concept consists of a large retail space around 5,000 square feet and build out of 28-32 salon studios (each ranging from 100 square feet - 250 square feet) that are leased to beauty professionals such as hair stylists, estheticians, nail techs and massage therapists who operate their own business within their studio. It’s like a mini-mall of hair salons all under one roof, and the franchisee is the landlord.
Their systems, strategic marketing and the appeal of their brand helps keep studios fully leased out for optimal return on investment. This provides stable and predictable cash flow for their franchisees, which allows them to focus on growing additional locations or to pursue other interests.
At Instant Imprints they do custom embroidery, custom T-shirts, digital wide format printing and signage, and logo'd promotional products. They are a B2B outbound retail brick and mortar location. A typical center is about 1200-1500 sq ft, about 1/3 is showroom, and 2/3 is production as they make most of their products directly in the franchisee location. The business model is "Mini-marketing agency serving small and medium businesses, and mini-production or light manufacturing studio in one convenient location.
Function of the owner: The owner has overall management of the center. Ideally they need to be focused on the marketing, and promotion of the center in the local market. The owner needs to be active in their business community, and be an active networker, and not be afraid to leave the location to visit clients.
Support and Training
Training is extensive 6 weeks to start:
1 week: Pre-training in a center
10 days: Classroom at II University in San Diego
2 Weeks: of post-training working in a center
1 week-10 days of soft opening support and training in your center prior to open
Two weeks after it is 15 weeks of mentoring and coaching under their FAST START program.
Should have a strong commitment to customer service;
They must be able to communicate effectively in person and on the phone. They should have a positive attitude and should be able to solve problems on the fly and make things happen.
They should bring a strong bias toward action, and not be afraid to make a decision in the absence of all the information.
Team builders, an some experience managing small operations is a bonus.
Power networkers or relationship types can do very well in this business.
Comparable candidates for other sectors like staffing, value added resellers (VAR's in the IT space), service-based industries mechanics, marketing, payroll, or sales.
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