Anyone can buy a Bossy hair franchise as long as they have the drive, initial investment and a commitment to maintain and improve the high standards demanded by Bossy hair Australia. Most of our franchise owners are hands-on hairdressers, former hairdressers or entrepreneurs. Some are hairdressers who have worked in the system and have decided to buy into it. We also have business-savvy people with no hairdressing experience who are committed to building and managing a thriving bossy hair salon.
A bossy hair franchise includes the product, service and trademark, as well as the entire business concept from marketing strategy and plan, operational standards, systems and formats, to training, quality control and ongoing assistance, guidance and supervision.
This all depends on the size of the lease terms, the salon size, strategic location, fit-out etc. In any case, Bossy hair has kept its franchising costs as low as possible to encourage people to enter our system, and to assist with growth. Please visit our franchise cost page to see an indicative breakdown of salon costs.
No. As a guide, it is good to have at least 50% equity in the business. In other words, if the salon’s total start-up costs are $80,000, then we would encourage the franchisee to have $40,000 investment up front. The rest can be borrowed from normal sources.
While Bossy hair provides a proven system our philosophy of putting people first is very important. This requires teamwork, commitment and planning. Whether it is clients, employees or suppliers, those franchisees who go the extra mile in all aspects of their conduct will take a big step closer to business success. But just like any other business, a franchisee could fail with a bossy hair salon for the following reasons:
The Bossy hair owners will provide initial training and ongoing support to ensure the franchisor is skilled to spot any of the problem areas above, but it is ultimately the responsibility of the franchisee to perform.
There are many factors which determine revenue and profits. No guarantees or projections are given by Bossy hair Australia. Prospective franchisees are encouraged to complete their own due diligence, speak with existing franchisees and seek professional advice.
Bossy hair has a weekly franchise service fee of 5% of gross turnover. There is also an advertising fee of 2% which is also paid weekly.
The Bossy hair agreement is for five (5) years. However, assuming both parties agree and the franchisor fulfilled their obligations then upon payment of a renewal fee the parties can mutually agree to extend the contract for a further five (5) years.
Yes. However the franchisor must approve the individual or company buying the franchise. The purchasers must also agree to the terms and conditions of the franchise agreement.
Bossy hair does not allocate territories. However, it is in the best interest of both parties to ensure growth in sales and profits. Hence, extensive market research is completed on location and suburb choices and the impact on neighbouring Bossy hair salons – if there are any.
Business format franchising, the fastest-growing segment of franchising, is the model used at Bossy hair. We chose this model over a product or trade name franchises because it provides a proven format, or a comprehensive system for the conduct of the business, including elements such as business planning, management system, location, appearance and image, and quality of goods and service. Standardisation, consistency and uniformity across all aspects are hallmarks of the business format franchise.
For the Bossy hair franchise, our format is a way of doing business. It is essentially a marketing concept – an innovative method of distributing our service and the products we offer. It is also an extremely successful and a rapidly growing aspect of Australia's small business sector.
The ongoing business relationship we provide within the Bossy hair franchise includes the service, the products, and trademark, as well as the entire business concept itself from marketing strategy and plan, operational standards, systems and formats, to training, quality control and ongoing assistance, guidance and supervision. In short, it provides small business (the franchisee) with the tools of big business (provided by the franchisor).
It is also a win-win relationship where the franchisor is able to expand its market presence without eroding its own capital and the franchisee gains access to established business systems, at lower risk, for their own commercial advantage. Bossy hair began over a decade ago and today boasts 12 salons in south east Queensland, and we are still growing.
The relationship model between the Bossy hair franchisees and the franchisor can be likened to a "commercial marriage" where it is ultimately a legal relationship, with the full obligations and responsibilities of both parties outlined in a highly detailed franchise agreement. This commercial contract varies in length and conditions from one system to the next, such that it would be almost impossible for any two franchise systems to have identical agreements.
By nature of the relationship, the Franchise Agreement will be imbalanced in favour of the franchisor, as the franchisor must at all times remain in control over certain standards critical to the ongoing success of the business format.
If you are interested in a bossy hair franchise and believe you qualify, please complete the application form.