Great Clips


Description

Great Clips, Inc., headquartered in Minneapolis, Minnesota and established in 1982, is the largest brand in the hair care industry. Our salons are conveniently located in strip malls in 138 markets throughout the U.S. and Canada. No appointments are necessary for men, women, and children to get haircuts and perms at competitive prices.

A distinct and enduring advantage of having over 3,100 salons under one brand makes us clearly the dominant presence in our industry. Combining the experience of Great Clips, along with your candidate's business acumen, together we will continue to be a strong force within the $55 billion hair care industry.

What really makes this business concept unique is the fact that it is recession resistant, simple and has steady growth; you will be hard pressed to find a better business that meets all three.

Background

Year Established: 1982
Year First Franchised: 1983
Franchised Units: 100+
Actual number of units: 3100
Projected New Units (12 months): 200

States referrals are accepted in:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Avail. in Canada: Masters/Area Developer: Yes

 

Financial / Terms

Cash Investment: $50,000
Minimum Investment: $50,000
Minimum Net Worth: $300,000
Franchise Fee: $25,000

Royalty: 6%
Ad: 5%
Average # of Employees: 8
Passive Ownership Allowed: Yes
Earnings Claims: Yes

Notes:

Cash Investment: $50K for single, $75K for Three Star (3 salons).
Total Investment: $110K - $202K (Average initial investment: $150K)
Minimum Net Worth: $300K for Single, $50K liquid / $500K Net worth and $75k liquid for Three Star Program (3- Pack), $100K per salon in Master Development Agreement / $75K liquid.
Franchise Fee: $25K = Single / $40K = Three Star program (3pack) / $10K = Master Development Agreement per salon in agreement

 

Franchise Sales

Single Unit: Yes
Multiple Units: Yes
Area/Master Developer: No
Resales: Yes

 

International Expansion

International Expansion Opportunities: No
Developing outside of the U.S.: No
Single Unit Availability Outside U.S.: No
Multiple Unit Availability Outside U.S.: No
Area Development or Master Avail.: No
Cash Investment: N/A
Total Investment: N/A

 

Support & Training Provided

Financial Assistance Provided:Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Co-operative Advertising: Yes

Notes:

Third party lending available.
2 days in Minneapolis, MN; 2 weeks in local market.
Online Great Clips University.

 

Get Started!



Freddy O'Pry

Franchise Development

281-342-7474