INVESTMENT
Investing in Yourself
We understand that becoming an entrepreneur is a big deal and a big decision. The Vixen® team wants to make sure you have all the information you need to pick the right franchise. One of the benefits of a Vixen® Franchise is that all costs are allocated with precision to ensure you stay on or below budget. The start-up costs for a Vixen® development are outlined in the charts below.
We offer two Vixen® concepts to choose from:
Vixen® Nails & Spa
Products: Spa & Esthetics | Size: 1,000 - 1,500 sq. ft.
| From | To | |
|---|---|---|
| Franchise Fee | $35,000 | $35,000 |
| Leasehold Improvements and Construction | $107,000 | $158,000 |
| Business License and Permits | $1,500 | $3,000 |
| Service Equipment and Fixtures | $49,369 | $59,492 |
| Lease Payments (3 months) | $10,500 | $21,000 |
| Rent/Lease and Real Estate Security Deposits | $8,250 | $16,500 |
| Opening Operating and Retail Inventory | $20,100 | $23,600 |
| Grand Opening Advertising | $4,000 | $9,000 |
| Initial Training Expenses | $5,000 | $10,000 |
| Insurance | $1,710 | $1,710 |
| Professional Fees and Systems Setup | $3,000 | $5,000 |
| Operating Working Capital | $16,500 | $35,000 |
| Total Investment | $261,929 | $377,302 |
Vixen® Nails • Salon • Spa
Products: Spa, Esthetics & Hair Services | Size: 1,500 - 1,800 sq. ft.
| From | To | |
|---|---|---|
| Franchise Fee | $45,000 | $45,000 |
| Leasehold Improvements and Construction | $125,500 | $176,500 |
| Business License and Permits | $1,500 | $3,000 |
| Service Equipment and Fixtures | $59,941 | $67,051 |
| Lease Payments (3 months) | $16,500 | $24,000 |
| Rent/Lease and Real Estate Security Deposits | $10,100 | $21,000 |
| Opening Operating and Retail Inventory | $28,100 | 39,600 |
| Grand Opening Advertising | $4,000 | $9,000 |
| Initial Training Expenses | $7,000 | $11,000 |
| Insurance | $1,710 | $1,710 |
| Professional Fee and Systems Setup | $3,000 | $5,000 |
| Operating Working Capital | $28,100 | $39,600 |
| Total Investment | $330.451 | $442,461 |
The Vixen® organization does not provide financing, however, we have excellent relationships with the major banks to put you in a great position to acquire financing. They offer the Canada Small Business Loan up to $350K which can cover 100% of leasehold improvements 90% of the equipment and fixture costs! Liquid capital is needed in the amount of $100K to cover the rest of the costs.
The initial franchise fee is $35,000 for Spa & Esthestics concept and $45,000 for the Spa, Esthetics & Hair Services concept. This fee is included in the start-up cost and is a one time fee for 10 years. This gives you access and rights to all of our trademarks, proprietary protocols, operating systems, initial training and procedures that make a Vixen® Franchise successful (the secret sauce).
With a Vixen® Franchise, your royalty fee of 6% of gross revenues monthly is quite competitive in the franchise industry. This fee covers ongoing business operations, network & systems support from our Corporate Team professionals. Your success is our success and that is something we take pride in to certify future brand development.
We keep your expenses down by simplifying our general brand advertising and marketing contribution to a monthly fee of 2% of gross revenues, this pooled effort guarantees superb brand marketing strategies keeping us one step ahead of our competitors.