Hairstyling Franchise Review

Hairstyling Franchise Opportunity - Hairstyling Franchise Business for Sale

Another brandEXPANSION Project

brandEXPANSION

Great Clips for Hair

Great Clips, Inc., headquartered in Minneapolis, MN, is one of the nation’s largest franchisors in the $50 billion-a-year hair-care industry. Established in 1982, Great Clips perfected a system for delivering competitively priced high quality cuts and perms to men, women, and children. The company began franchising in 1983. Today, 2000 Great Clips shops operate in 100 markets across the U.S. and Canada. Great Clips offers its franchisees great local and regional support including the following: market specific advertising/promotion plans, computerized point-of-sale system, site selection assistance, high repeat business, initial and ongoing training in each market, store layout/design/decor package, low start-up and low inventory, no receivables, recruiting programs and materials. Keep your current job. No hair-care experience needed. Multiple-unit opportunities are available.

Background

Established: 1982
1st Franchised: 1983
Franchised Units: Over 2700
Company Owned Units: 0
Projected New Units (12 Months): 200 +
Registered: All States

FINANCIAL/TERMS

Cash Investment: $150K for Single / $250K for Fast Start Program (3 Salons)
Total Investment: $106.9K - $197.7K
Minimum Net Worth: $300K for Single, $50K liquid / $500K for Fast Start Program, $75K liquid / $100K per salon in Master Development Agreement / $100K per salon liquid in Master Development Agreement, $150K liquid
Franchise Fee: $25K
Royalty: 6%
Ad: 5%
Average Number of Employees: 3 FT, 5 PT
Passive Ownership: Yes

Hairstyling Franchise Concepts

• City Looks
• Cost Cutters
• Fantastic Sams
• Great Clips for Hair
• Hair Color Xperts
• Knockouts
• Pro Cuts
• Snip-Its
• Sport Clips
• Super Cuts
• Too Hotties

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