New franchised salon - Page 2 - tanTALK

sbt501 · 08-29-2011, 06:50 PM

Hmmm In 7 years it will be time to buy new equipment seems like a long time to go without a paycheck, just sayin. Does the franchise get their royalty off the top?

SunseraWarman · 08-30-2011, 04:05 PM

I am paying myself as I am the journeyperson stylist working here. Also the franchise has a royalty of 5%, that is the ideal plan of 7 years but if things keep going as they are it will look more like 2.5 - 3 years before everything is paid off. I also didn't mention we are almost fully staffed to meet the demands of the community here. 4 stylists (all of which do facial waxing and 2 also do gel nails, pedicures and manicures), 2 massage therapists (one rents a room from us and the other is on commission), 2 estheticians and 2 receptionists

08-29-2011, 06:50 PM	#11 (permalink)
sbt501 Join Date: Jan 15 2005 Posts: 107 Rep Power: 9	Re: New franchised salon Hmmm In 7 years it will be time to buy new equipment seems like a long time to go without a paycheck, just sayin. Does the franchise get their royalty off the top?

08-30-2011, 04:05 PM	#12 (permalink)
SunseraWarman Join Date: Aug 22 2011 Location: Warman, SK. Canada Posts: 7 Rep Power: 0	Re: New franchised salon I am paying myself as I am the journeyperson stylist working here. Also the franchise has a royalty of 5%, that is the ideal plan of 7 years but if things keep going as they are it will look more like 2.5 - 3 years before everything is paid off. I also didn't mention we are almost fully staffed to meet the demands of the community here. 4 stylists (all of which do facial waxing and 2 also do gel nails, pedicures and manicures), 2 massage therapists (one rents a room from us and the other is on commission), 2 estheticians and 2 receptionists

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