Great Clips

Overview

Website: franchise.greatclips.com/

Franchise Fee: $25,000

Royalties: 6%

Cash Investment: $100,000

Total Investment: $187,800 - $419,900

Net Worth: $500,000

VetFran: Yes

SBA Approved: Yes

Master Franchise / Area Developer Opportunity: Yes

Additional Details

Great Clips is the largest single brand hair salon in North America. Great Clips is a convenient, walk in, no- appointment hair cutting salon – we cut hair, and sell product. Great Clips does not provide spa services, tanning, manicures or hair color: we keep it simple and allow our customers to get a great cut for a great price in a convenient format. The $70 Billion Haircare industry is growing at a rapid pace, and is one of the most recession resistant industries available.
WHY Great Clips/the Haircare Industry?
Resilient business model- recession and AI-resistant. No matter what the economy is doing, people need affordable haircuts!
Service cannot be outsourced or sold online. Always going to be a neighborhood business.
Manager-run opportunity. Some franchisees choose to keep their full-time jobs and run their Great Clips business on the side. It certainly requires flexibility to do this, but many choose to have the stability of their full-time job while they start their business.
OUR IDEAL FRANCHISEE
An Achiever candidate: someone who has a corporate job and wants to build their legacy for the future.
Our great performers have strong leadership skills and great people skills, and an interest in building a multi-unit business.
Willingness to follow a system and have flexibility in their day-to-day.
No haircare experience is required!
AVAILABLE MARKETS
US markets available: Amarillo, Baton Rouge, Birmingham (Anniston and Tuscaloosa), Boston (Manchester), Buffalo, Burlington-Plattsburgh, Charleston-Huntington, Elmira, Eureka, Flint-Saginaw-Bay City, Green Bay-Appleton, Hartford and New Haven, Harrisburg-Lancaster-Lebanon-York, Houston, Jackson MS, Los Angeles, Madison, Marquette, Memphis, Miami-Ft. Lauderdale, Milwaukee, Mobile-Pensacola (Ft. Walton Beach), Montgomery (Selma), New Orleans, New York, Portland-Auburn, Portland OR, Providence-New Bedford, Richmond-Petersburg, Roanoke-Lynchburg, Rochester NY, Santa Barbara-Santa Maria-San Luis Obispo, Shreveport, Springfield-Holyoke (MA), Syracuse, Tulsa, Utica, Washington DC (Hagerstown), Watertown, and Yuma-El Centro.
Focus Markets: Northeast Regions (upstate NY, New England), New Orleans, and Winnipeg, Southern Ontario, and Ottawa
NOT available: Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, South Carolina, South Dakota, Utah, Washington, and Wyoming
Canada markets available: Calgary-Lethbridge, Edmonton, Kitchener, London, Ottawa, Prince Albert, Regina-Moose jaw, Toronto-Hamilton, Winnipeg, Windsor, and Yorkton
International Referrals: No
BACKGROUND
Franchised Units: Over 4,400
Company Owned Units: 0
Home Based: NO
Absentee ownership available: NO
Accepting Master Franchisor and Area Developer Referrals: YES - Select small markets are available for a single franchisee to purchase the exclusive rights to develop, those franchisees do not sub franchise to others.
Average number of employees required: 8 - 10
E2 Visa Friendly: NO
FINANCIAL DETAILS
Cash Investment: $100,000 or $250,000
Total Investment: $187,800 - $419,900 (single units)
Minimum Net Worth: As listed below:
Tier One— Net Worth $500,000 & Liquid funds of $100,000
DMAs included (all not listed below)
Tier Two—Net Worth $1 Million & Liquid funds of $250,000
DMAs included:
All Ontario Markets
Boston-Manchester
Calgary-Lethbridge
Houston
Los Angeles
Miami-Ft. Lauderdale
New York
San Diego
San Francisco-Oakland-San Jose
Wes

Why Great Clips?

Our Ideal Franchisee

Available Markets

Background

Year founded: 1982

Year Franchised: 1983

Home Based: No

Financial Details

Franchise Fee:$25,000
Providing Earnings Guidance in Item 19 in FDD:Yes
Total Investment Range: Single Unit: $187,800 - $419,900
Net Worth Requirement:$500,000
Royalty:6%
VetFran Program:Yes

Available Resales

There are currently no resales listed for this franchise.

Support & Training Provided

Training and support program details: