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  Home  >>  Beauty-Related  >>  Hair Care




Great Clips
7700 France Ave. S., # 425
Minneapolis, MN 55435
      Top100

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Business Description

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

Operating Units:

Franchised Units:

2,738

100%
Company-Owned Units:00%
 
Total Operating Units:
2,738
100.0%
 
Geographic Distribution:
U.S.:2,68197.9%In 45 States
Canada:572.1%In 3 Canadian Provinces
International:00%In 0 Foreign Countries
 
Total:
2,738
100.0%
 
 
North America:
States/Provinces with the largest number of operating units:
DensityUnits
1. Ohio215
2. California183
3. Illinois173

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:$25K
Average Franchise Fee:$25K
On-Going Royalty:6%
Average Royalty:0%
Advertising Fee:5%
 
Average Number of Employees: 3 Full-time, 5 Part-time

Space Needs (in square footage): 1,000-1,200

Preferred Sites: Storefront, Strip Center

Other Sites:

Encourage Conversions? No

Earnings Claims Provided?: Yes

Franchisee Qualifications
 
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:5
General Business Experience:4
Specific Industry Experience:1
Formal Education:3
Psychological Profile:3
Personal Interview(s):5
 
Terms of Contract
 
Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed
Area Development Agreements?Yes, for 0 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes
 
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
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:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:At Additional Cost
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 
Training:
1. Minneapolis, MN4 Days
2. Local Market2.5 Weeks
 
Expansion Plans
 
Projected New Units Over Next 12 months: 200

U.S.:

Yes, All United States
Canada:Yes, Western Canada, Toronto
Overseas:No
Submit an online form to receive information from Great Clips.
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