Franchise Sharkey’s Cuts for Kids

Franchise Fee: $144,990
Royalty: $1,000 per month
Total Investment: $172,420 – $252,995
Can Be Home Based: No
Founded:  2002
Franchised:  2006
VetFran Member: Yes
Service Areas: Florida, Texas, North and South Carolina, Georgia, Louisiana, Alabama, Arizona
Ownership Model: Owner/Operator, Semi-Absentee/GM or Absentee/ Investor, SBA Approved, Vet Fran Discount, Franchise Fees – under 70k, 3rd Party Financing, Franchises operating, total investment range. E2 Visa approved.

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Sharkey's Cuts for Kids Form

Voted #1 Kids Salon Franchise for 2016 by Entrepreneur Magazine! Voted Top 100 Franchises for Under $150,000 (total investment) for 2018! Take control of your future with a proven business and turn your dreams into reality with Sharkey’s Cuts for Kids. We are the fastest-growing chain of children’s hair salons in the United States, Europe, & Canada and we are seeking enthusiastic entrepreneurs to join our family. At Sharkey’s, we know that kids ages 0-13 and parents want something different with their haircut experience. So we provide it all: a superior haircut with warm, experienced stylists in a meticulously clean place filled with fun! Our brilliant formula for success is all about our multiple sources of revenue that flow through our shops! Haircuts, birthday parties, hair accessories, and lots more… ** NEW Service ** – blow dry by sharkey’s

What is EBITDA?

EBITDA is an acronym that stands for: “Earnings Before Interest, Taxes, Depreciation, and Amortization.” In many instances, EBITDA serves as a measure of profits and financial performance for a business. It is sometimes a good replacement for net income.

Breaking EBITDA Down

Now, to truly understand EBITDA, you have to break it down entirely. Thankfully, the acronym makes this pretty easy. Let’s take a look:

Earnings: Money earned by the company
Before: This one is self-explanatory
Taxes: The money paid to the government by a company based on its tax rate
Depreciation: Decreases in the value of a company’s capital assets
Amortization: The cost of an intangible asset, spread out over time

EBITDA is a Heavily Used Comparison Too
When it comes to comparing businesses in a specific industry, many financial experts use EBITDA. It’s a commonly used profitability metric that allows financial experts to determine profitability among companies.Using EBITDA has become common for measuring core profit trends. Why? Because of the way it eliminates extraneous factors. It’s also useful for finding more accurate comparisons between companies in similar industries.Additionally, EBITDA works well as a starting point to estimate cash flow. This allows business owners and experts to determine a company’s ability to pay off long-term debts.