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Great Clips
High-volume haircutting salon, specializing in haircuts for the entire family. What really makes this business concept unique is the fact that it's recession resistant, simple and has steady growth; you will be hard pressed to find a better business that meets all three. Strong, local support to franchisees, excellent training programs.
Franchisor Background
Year Established:
1982
Franchising Since:
1983
IFA Member
CFA Member
Operating Units:
Franchised Units:
2,800
100%
Company-Owned Units:
0
0%
______
_____
Total Operating Units:
2,800
100%
Geographic Distribution:
U.S.:
2,740
97.8%
In 42 States
Canada:
61
2.2%
In 3 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
2,801
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Ohio
220
2. California
176
3. Illinois
174
Registered in Following Registration States:
California, Florida, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia, Alberta
Financial Requirements
Investment:
Minimum Net Worth:
$300K
Cash Investment:
$25K
Total Investment:
$109.4-202.5K
Average Total Investment:
$156K
Fees:
Initial Franchise Fee:
$20K
Average Franchise Fee:
$20K
On-Going Royalty:
6%
Average Royalty:
6%
Advertising Fee:
5%
Average Number of Employees:
3 Full-time, 5 Part-time
Space Needs (in square footage):
900-1,200
Preferred Sites:
Storefront, Strip Center
Other Sites:
Encourage Conversions?
No
Earnings Claims Provided?
Yes
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:
200
Site Selection Assistance?
Yes
Lease Negotiation Assistance?
Yes
Financial Assistance?
Yes, Indirect
Marketing Support:
Co-Op Advertising:
Yes
National Advertising:
Yes
Regional Advertising:
Yes
Local Advertising:
Yes
Marketing Materials:
Ad Slicks, Coupons/rebates, Direct Mailers, Promotional Items, Radio Ads, Site Signs, Television Ads, Trade Show Exhibits
