|
Our strategy is simple: give men and busy families what they want. That's why SUPERCUTS Salons offer a contemporary and comfortable atmosphere that appeals to those in search of current hairstyles at affordable prices.
Franchisor Background
Year Established: 1975
Franchising Since: 1975
Operating Units: |
| Franchised Units: | 1,010 | | 47.4% | | |
| Company-Owned Units: | 1,122 | | 52.6% | | |
| | ______ | | _____ | | |
| Total Operating Units: | 2,132 | | 100% | | |
| |
Geographic Distribution: |
| U.S.: | 2,066 | | 96.9% | | In 48 States |
| Canada: | 50 | | 2.3% | | In 1 Canadian Provinces |
| International: | 16 | | 0.8% | | In 1 Foreign Countries |
| | ______ | | _____ | | |
| Total: | 2,132 | | 100% | | |
| |
North America: |
| States/Provinces with the largest number of operating units: |
| Density | Units | | | | |
| 1. California | 397 | | 2. Florida | 188 | | 3. Texas | 164 |
Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia
Financial Requirements
Investment: |
| Minimum Net Worth: | $300K/100K Liq |
| Cash Investment: | $111-239.7K |
| Total Investment: | $97-208K |
| Average Total Investment: | $152K |
| |
Fees: |
| Initial Franchise Fee: | $22.5K |
| Average Franchise Fee: | $22K |
| On-Going Royalty: | 4% Yr. 1/6% succ. Yrs. |
| Average Royalty: | 5% |
| Advertising Fee: | 4 |
Average Number of Employees: 5 Full-time, 4 Part-time
Space Needs (in square footage): 1,000
Preferred Sites: Strip Center
Other Sites:
Encourage Conversions? Yes
Earnings Claims Provided? No
Listed in the SBA Registry? No
Support and Training
| International Franchise Association: | Yes |
| Canadian Franchise Association: | Yes |
| Franchisee Association/Member: | Yes, Member |
| Size of Corporate Staff: | 900 |
| Site Selection Assistance? | Yes |
| Lease Negotiation Assistance? | Yes |
| Financial Assistance? | Yes, Indirect |
| |
Marketing Support: |
| Co-Op Advertising: | Yes |
| National Advertising: | Yes |
| Regional Advertising: | No |
| Local Advertising: | No |
| Marketing Materials: | Ad Slicks, Brochures, Catalogs, Coupons/rebates, Direct Mailers, Emails, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits, Videos |
| Additional Services: | Grand Opening, In-house Marketing, Marketing Research, Newsletter, Online Extranet, Press Releases, Sales Strategies |
| Other Marketing Support: | None Specified |
| |
On-Going Support: |
| Central Data Processing: | Not Applicable |
| Central Purchasing: | Not Applicable |
| Field Operation Evaluation: | Included in Fees |
| Field Training: | Included in Fees |
| Initial Store Opening: | Included in Fees |
| Inventory Control: | Not Applicable |
| Franchisee Newsletter: | Included in Fees |
| Regional or National Meetings: | Included in Fees |
| 800 Telephone Hotline: | Not Applicable |
| |
Training: |
| 1. Minneapolis, MN | 4-5 Days | | 2. Outstanding support in all areas | |
|
|
Franchisee Qualifications
| Ranked from 1 (unimportant) to 5 (important): |
| |
| Financial Net Worth: | 5 |
| General Business Experience: | 5 |
| Specific Industry Experience: | 1 |
| Formal Education: | 3 |
| Psychological Profile: | 4 |
| Personal Interview(s): | 5 |
| |
| |
Minority Representation
Units Owned by Minorities: |
| African-American: | 1% |
| Asian-American: | 7% |
| Hispanic: | 1% |
| Native American: | 0% |
| Other: | N/A |
| Specific Minority: | Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time. |
| |
| |
Terms of Contract
| Term of Initial Contract: | Evergreen Year(s) |
| Term of Renewal Period: | Year(s) |
| Passive Ownership: | Allowed |
| Area Development Agreements? | Yes, for 3 Year(s) |
| Sub-Franchising Contracts? | No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
Projected New Units Over Next 12 months: 78
| U.S.: | Yes, All United States |
| Canada: | Yes, All Canada |
| Overseas: | No |
|
Franchise News