Great Clips Claimed
Great Clips Franchise For Sale
Great Clips is the world’s largest and fastest growing hair salon brand. It is a simple business model- we cut hair. Great Clips salons are all about giving people a great haircut for a great price, efficiently. Hair salons are a neighborhood business that can’t be replaced by the internet or outsourced overseas, and being in the cost effective category means that Great Clips is recession resistant. Great Clips is a great option for people who want to get into entrepreneurship but aren’t quite ready to leave their full time job yet- it is kind of like having two full time jobs initially, but the vast majority of franchisees start with one salon, grow into multiple units and convert to full time business owners with 5 or 6 salons. Great Clips has over 4400 salons in the US & Canada and continues to grow at a pace of 200 additional salons per year.
Franchise Background
Franchised Units: 4400
Company Owned Units: 0
States Registered In: All states
Canada Franchises: Yes
International Franchises: No
Financial Terms
Minimum Net Worth: $300,000 ($500,000 and $1 million in select markets)
Franchise Fee: $25,000
Royalty: 6%
Ad: 5%
Average Number of Employees: 8-10
Item 19: Yes
SBA Approved: Yes
Passive Ownership: No
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount Yes
Special Discount Programs: Veterans' rebate- $5000 of initial franchise fee is rebated to the new franchisee on the opening of their first salon
Support & Training
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Training: 3 days of new franchisee training in Minneapolis (headquarters), all other training occurs online at Great Clips University. Great Clips provides training for stylists, managers, General Managers and franchisees online at Great Clips University.
Ideal Candidate
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