About Us  |  Contact Us  
        

  Account Login
  Franchise Directory


Franchise Name/Keyword
 
  Areas Of Interest
  Publications
Franchise Expo South

Franchise Your Business
Franchise Your Business

  Home  >>  Beauty-Related  >>  Hair Care




Go to Profile
Sport Clips

The haircutting industry is worth nearly $50 billion, but the majority of hair salon franchises are tailored towards women. Sport Clips is designed to fill a niche in the hair industry by providing great haircutting experiences for men.  This innovative concept has made Sport Clips a highly successful, fast growing franchise opportunity, with more than 650 locations in 36 states.

 

Since 1993, the Sport Clips team of experts has refined every aspect of the franchise, and it has paid off – Sport Clips is consistently awarded accolades as one of the top franchise opportunities, including Entrepreneur’s Top 50 fastest growing franchises and The Wall Street Journal Start Up’s Top 25 Performers.

 

Operating Units

12/31/2006

12/31/2007

12/31/2008

Franchised

380

500

610

% Change

--

31.6%

22.0%

Company-Owned

13

13

13

% Change

--

0.0%

0.0%

Total

393

513

623

% Change

--

30.5%

21.4%

Franchised as % of Total

96.69%

97.47%

97.91%

 

Investment Required

The fee for a Sport Clips franchise is $25,000.

 

Sport Clips provides the following range of investments required to open your initial license. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.

 

Item

Established Low Range

Established High Range

Franchise Fee

$25,000

$25,000 

Training Expenses

$1,000

$2,000

Initial Inventory

$4,000

$6,000

Fixtures and Equipment

$35,000

$45,000

Leasehold Improvements

$35,000

$100,000

Supplemental Services Fee

$3,000

$5,000

Professional Fees

$1,000

$5,000

Licenses and Permits

$1,000

$3,500

Lease Deposit

$0

$5,000

Signage

$4,000

$8,000

Miscellaneous Opening Costs

$3,000

$5,000

Insurance

$1,200

$2,400

Opening Advertising

$15,000

$15,000

Additional Funds (3 months)

$25,000

$50,000

Total

$153,200

$276,900

 

On-going Expenses

Sport Clips franchisees pay royalty fees equal to 6% of net sales, weekly advertising fees equal to the greater of 5% of net sales or $300, and a weekly local advertising co-op fee of up to $300.  Other fees payable by the franchisee include a training fee equal to the greater of 1% of net sales or $55 per week, a monthly computer software maintenance fee of $30, and meeting registration fees not to exceed $1000 during the term of the franchise agreement.

 

What You Get—Training and Support

Initial training begins with 5 days of comprehensive classroom and on-the-job instruction at corporate headquarters in Georgetown, TX, and covers all facets of running a Sport Clips business: business operations, team development, marketing and Sport Clips standards.  Franchisees also receive one week of hands-on training at their store location.

 

Sport Clips continues to support franchisees after store opening with ongoing training and responsive phone support. Sport Clips provides local, regional, and national advertising and sales programs and partners with national and local sports teams and NASCAR to promote individual store locations.

 

Territory

Sport Clips grants exclusive territories only for the initial 5-year term of the franchise agreement.