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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.
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.
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. |