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Great
Clip for Hair
Great Clips, Inc., headquartered in
Minneapolis, MN, is one of the nation's largest franchisors
in the $50 billion-a-year hair-care industry. Established in
1982, Great Clips perfected a system for delivering
competitively priced high quality cuts and perms to men,
women, and children. The company began franchising in 1983.
Today, 2000 Great Clips shops operate in 100 markets across
the U.S. and Canada. Great Clips offers its franchisees
great local and regional support including the following:
market specific advertising/promotion plans, computerized
point-of-sale system, site selection assistance, high repeat
business, initial and ongoing training in each market, store
layout/design/decor package, low start-up and low inventory,
no receivables, recruiting programs and materials. Keep your
current job. No hair-care experience needed. Multiple-unit
opportunities are available.
BACKGROUND
- Established: 1982
- 1st Franchised: 1983
- Franchised Units: nearly 2000
- Company Owned Units: 0
- Projected New Units (12 Months): 200
+
- Registered: All States
FINANCIAL/TERMS
- Total Investment: $94,550 -180,050
- Minimum Net Worth: $250K/$150K
- Franchise Fee: $25K
- Royalty: 6%
- Ad: 5%
- Average Number Of Employees: 3 FT, 5
PT
- Passive Ownership: Yes
SUPPORT & TRAINING PROVIDED
- Financial Assistance Provided:
Yes
- Site Selection Assistance: Yes
- Lease Negotiation Assistance: Yes
- Co-Operative Advertising: Yes
- Training: 5 days in Minneapolis, MN;
2 weeks in local market.
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