Preview

Snip N Clip: Case Study Answers

Good Essays
Open Document
Open Document
373 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Snip N Clip: Case Study Answers
As a cosmetologist my first instinct when looking at my two franchising options would be to invest in Snip ‘N Clip. Upon further investigation it can be inferred that Snip ‘N Clip has less fees as far as the initial investment goes while the other option, Smoothie King, has a significantly higher initial investment and in addition there is a royalty fee. Now, Smoothie King is a larger franchise with almost five times the amount of locations than Snip ‘N Clip. In addition to this, Snip ‘N Clip has been in business for far longer than Smoothie King. If I am just looking at the information provided for the two companies, I would go with Snip ‘N Clip. But I cannot base my decision off of such little information. In order to make an educated

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Tootsie roll has a higher current ratio than Hershey which means Tootsi roll is more liquid. Hershey cannot repay its current liabilities with current assets. Tootsie's curent liabilities arecovered by current assets 3.45 times. Therefore, I would purchase Tootsie.…

    • 238 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Qdoba Elevator Pitch

    • 580 Words
    • 3 Pages

    The total investment to open this franchise would be about $590,000. Because it is a franchise, it would have a fee of $30,000, along with an ongoing 5% royalty fee. As of 2012 to open this franchise, investors are expected to have a net worth of at least $2 million and be able to invest at least $454,000.…

    • 580 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Rwt1 Bussiness Research

    • 2642 Words
    • 11 Pages

    Executive Summary Here I have gathered a report to help the executives in my company to decide how we will go about expanding into a new juice bar business. We have a choice of buying a franchise for $80,000 which is a package deal. There are no concerns about recipes operational procedure or training. The down side would be exhausting our financial resources. Then there is the choice of developing a unique juice bar of our own with a start-up cost of $40,000. If we choose to develop our own we must take a close look at three major aspects. #1 Finance let us review the options I presented. Apply for grant funding and minimize the internal funding. Buying a franchise for double the money is unnecessary. Without proper funding choices in place, we could end up in debt. #2 Marketing how will we reach our target…

    • 2642 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    A1. Viability of Product or Service: Earlier this summer, one of my good friends and colleague partnered up with a couple of enterprising individuals and started a U-Swirl and Rocky Mountain Chocolate Factory franchise. This fast food restaurant, located in Issaquah, WA, being a franchise, has the backing and support of the parent entities of “U-Swirl Frozen Yogurt” and the gourmet chocolatier “Rocky Mountain Chocolate Factory”. In keeping with the U-Swirl Frozen Yogurt Issaquah (2013) marketing tagline: “Worth the Weight” this fast food restaurant offer it’s guests up to 12 flavors of low fat and non-fat frozen yogurt at any time…

    • 3490 Words
    • 14 Pages
    Better Essays
  • Powerful Essays

    Proj 592 Cp1

    • 1371 Words
    • 6 Pages

    Our idea is to open an all-inclusive beauty salon which caters to all ethnic groups within six months. We also plan to sell various salon and personal care products. We have decided to purchase a franchise from John C. Williams Services. This Beauty service supplier is well known all over the United States and we as though it will bring us instant brand recognition. There is a local Cosmetology college within Athens and there is multiple in Columbus, OH. We believe the proximity will help us to further build our reputation and grow our market.…

    • 1371 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Attached Case Study

    • 95 Words
    • 1 Page

    Attached is the revised hearing memo. I highlighted the portion added about “last mile” service agreements. Important to note that Claire McCaskill (D-MO) was incredibly harsh on the USPS and their “last mile” service agreements. I also added a comment regarding this issue in Claire McCaskill’s portion of the memo. I have also attached the link to the hearing, Claire McCaskill’s rant about “last mile” begins at 01.56.57, if you want to review that considering she was the brunt of “last mile” references.…

    • 95 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Sandwich Blitz S.W.O.T

    • 339 Words
    • 2 Pages

    After reading the scenario, I think Dalman and Lei have a lot to think about. Before making any decisions Lei and Dalman should weigh their options. I think the strengths of expanding their businesses with two new franchise operations could save Dalman and Lei some money by working together with the new operations. They also wouldn’t have to worry about more competition when the new franchises open.…

    • 339 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Rubbish Boys Case

    • 830 Words
    • 4 Pages

    Discussion Question: Please discuss the following: Does franchising make sense as a way to expand this business? Why do you think Brian has had a difficult time finding potential franchisees for his business (professional franchisees, not the initial student model)? If you were a potential franchisee, would 1-800-GOT-JUNK be a good choice? Why or why not?…

    • 830 Words
    • 4 Pages
    Good Essays
  • Better Essays

    As an investor both of these companies are up for consideration according to increasing revenue numbers. On the inside, this evaluation will give a determination of my opinion on rather to invest in either company and in what manners one outweighs the other and reasoning for my opinion. Investing one’s hard-earned money into a company is a risky decision to make, but in return, every investor hopes for the best possible outcome in risk taken. Given financial information to evaluate before decision-making this is the best possible plan to making a positive call on an investment.…

    • 1794 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    While in competition, these two companies have continued to grow in size, market value, and profit sales. Since the beginning of their competition, both companies have ventured into new areas of sales, (such as snack foods, iced tea, and bottled water) and they continue to think of new ways to grow their business yearly. In order for both companies to continue to grow in the ways they foresee, they must have investors to invest money in the company. These current and potential investors will first look at both company’s financial statements and data, find as much information as possible needed to make a decision, then make a judgment call as to which company is the best investment at the time.…

    • 1746 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Snagajob Case Study

    • 126 Words
    • 1 Page

    Rob Huddleston suggested that I reach out to you and Melissa Keene about potential UX Designer roles at Snagajob. I have a deep interest in job search and recruitment process and would love explore opportunities with Snagajob, an innovator in that space.…

    • 126 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    African-American Dream

    • 1480 Words
    • 6 Pages

    The play “A Raisin in the Sun” reflects on Youngers, an African-American Family, who lived on the southern side of Chicago in the late 1950s. The play opens with the family receiving a $10,000 insurance check from Mr. Younger’s (the deceased) life insurance policy. Each member of the family is ready with an idea of what to use the money on (Hansberry, 11). For example, Mama has a dream of buying a house. On the other hand, Walter Lee who is Mama’s Son wants to invest in a Liquor store with his neighborhood friends. To him, investment is the only solution to saving the family from financial challenges (Hansberry, 12). Variously, Beneatha who is Lee’s Sister wishes to use the funds as…

    • 1480 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    I think it’s best for an entrepreneur to operate a franchise before going off to start his/her own company because by doing so they will be able to gain knowledge and widen their horizons before spreading out on their own.…

    • 742 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Case Analysis Sample

    • 1154 Words
    • 5 Pages

    After gathering the mutants, they were placed at the CIA office, in a room where all of them can stay. They…

    • 1154 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    What are the risks and rewards of the different career paths outlined in the case for having your own business?…

    • 616 Words
    • 3 Pages
    Satisfactory Essays