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Snip-its
 

Snip-its has changed the dynamic of children's haircare by turning what has traditionally been considered a mundane and often unpleasant experience into a fun-filled adventure. The Snip-its custom interior features an original cast of cartoon characters, interactive computer play stations, the Magic Box, and a complete line of haircare products formulated just for kids. These, along with our proprietary point of sale, proven marketing system, and specially trained stylists represent one of the most innovative franchise opportunities available. With more than 65 locations nationwide, Snip-its' franchise program is a unique franchise opportunity with great earning potential.

Franchisor Background

Year Established:

  1995

Franchising Since:

  2003

Operating Units:

Franchised Units:63 98.4%  
Company-Owned Units:1 1.6%  
 ______ _____  
Total Operating Units:64 100%  
 

Geographic Distribution:

U.S.:64 100% In 25 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:64 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Texas13
2. Massachusetts10
3. New York4

Registered in Following Registration States:

  

Financial Requirements

Investment:

Minimum Net Worth:$500K
Cash Investment:$100K
Total Investment:$158 - 283K
Average Total Investment:$0K
 

Fees:

Initial Franchise Fee:$25K
Average Franchise Fee:$50K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:2%

Average Number of Employees:

   8 Full-time, 2 Part-time

Space Needs (in square footage):

   1200

Preferred Sites:

  

Other Sites:

  

Encourage Conversions?

   No

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:9
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:Social Media and Mobile Media, PPC and SEO, Grand Opening, Public Relations, National Spokesperson, Community Fundraising, Charitable Support, Grass Roots Marketing Programs, and Localized Support.
 

On-Going Support:

Central Data Processing:At Additional Cost
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:At Additional Cost
Inventory Control:At Additional Cost
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Not Applicable
 

Training:

1. Minneapolis, MN1 week
2. Onsite1 week
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:5
Specific Industry Experience:1
Formal Education:4
Psychological Profile:2
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:0
Asian-American:0
Hispanic:0
Native American:0
Other:0
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:5 Year(s)
Passive Ownership:Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   12
U.S.:Yes, East Coast and Southwest
Canada:No
Overseas:No
 
 
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