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FAQ
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Tress Lounge offers two franchise models: FOCO (Franchise-Owned, Company-Operated): The franchisee invests in the store, while Tress Lounge handles operations, management, staffing, and marketing. FOFO (Franchise-Owned, Franchise-Operated): The franchisee owns and operates the store independently, following Tress Lounge’s guidelines and brand standards.
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02 What are the key differences between FOCO and FOFO models?
+FOCO: Franchisee invests, but Tress Lounge manages store operations and ensures business growth. Ideal for investors who prefer passive income. FOFO: Franchisee takes full control of daily operations, including hiring, marketing, and customer service. Suitable for those who want hands-on business involvement.
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03 What is the investment required for a Tress Lounge franchise?
+Investment varies based on location and model: Investment arrangement are same in both the models.
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04 What is the expected return on investment (ROI)?
+ROI varies based on location, business performance, and model. Typically: FOCO Model: Returns are more stable with revenue-sharing arrangements. FOFO Model: Higher profit potential but depends on franchisee’s management skills.
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05 How long does it take to set up a Tress Lounge franchise?
+The timeline varies but generally follows this schedule: Site selection and lease finalization: 1-2 months Permits and approvals: 1-2 months Store construction and setup: 3-4 months Grand opening: Typically, within 6 months from signing the franchise agreement.
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06 Does Tress Lounge provide location support?
–Yes, Consultants hired by Tress Lounge assist franchisees in selecting high-potential locations based on market analysis and customer demographics.
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07 Who is responsible for hiring staff?
+Tress Lounge handles recruitment and the training process.
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08 How does Tress Lounge support franchise marketing?
+Tress Lounge provides: Centralized digital marketing and social media campaigns Store launch promotions and influencer collaborations Branding guidelines for local advertising
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09 Is there a marketing fee for franchisees?
+Yes, a small percentage of revenue is allocated for national and regional marketing campaigns.
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10 What kind of training does Tress Lounge provide?
+FOCO Model: Franchise operational trainings, Continuous training for staff, including hairdressing techniques, product knowledge, and customer service. FOFO Model: Initial training for the franchisee and key staff, with periodic refresher sessions.
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11 Does Tress Lounge provide operational support for FOFO stores?
–Yes, FOFO franchisees receive operational manuals, staff training, and periodic audits to ensure compliance with brand standards.
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12 What are the ongoing fees for franchisees?
+FOCO Model: Revenue-sharing percentage with Tress Lounge. FOFO Model: Fixed royalty fees based on revenue.
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13 What is the duration of the franchise agreement?
+Standard agreements range from 5 to 10 years, with renewal options based on performance.
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14 Can I exit the franchise before the agreement term ends?
+Yes, but exit terms depend on the contract. Tress Lounge may help facilitate store transfer or resale.
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15 Can I own multiple Tress Lounge franchise stores?
+Yes, multi-unit franchise ownership is encouraged for experienced investors.
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16 What happens if my store underperforms?
–Tress Lounge provides additional support, including marketing assistance and operational audits, to help improve performance.
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17 How do I apply for a Tress Lounge franchise?
+Submit an inquiry via our official website or contact our franchise team for an initial consultation and application process.
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Tress Lounge, Brampton Address: 6241 Mayfield Road, Unit 133 & 134, Brampton, ON L7A 0C4