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Great Clips

A Popular Choice for Affordable Haircuts Great Clips […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 1983
Category Locations: Retail
Available Ownership Type: Semi-Absentee
Corporate HQ City: Minneapolis
Corporate HQ State: Minnesota
Investment Range: $146,900
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $25,000
Royalty Percentage: 6%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

Great Clips Franchise: A Hair-Raising Opportunity

A Popular Choice for Affordable Haircuts

Great Clips is known for its affordable haircuts, but did you know it's also a successful franchise opportunity? It's a chance to own a piece of a well-established haircare brand. With over 4,400 salons in the US and Canada, Great Clips has a proven track record of success. They cater to a wide range of customers who want convenient, hassle-free haircuts at competitive prices. Their "check-in online" system and walk-in policy make it easy for customers to get a haircut. Plus, they prioritize quality with trained stylists offering various haircuts and hair care services. This blend of affordability and professionalism has made Great Clips a leader in the hair salon franchise market.

The Financial Side of Owning a Great Clips Franchise

Owning a Great Clips franchise comes with an investment. You'll need to consider the initial cost, which ranges from $178,400 to $400,000. This covers franchise fees, real estate costs, equipment, and initial supplies. You'll also pay ongoing fees, including a 6% royalty on sales and a 5% advertising royalty. But Great Clips provides comprehensive training and support to help you manage your salon and get the most out of your investment.

The Ideal Franchise Owner

Great Clips seeks franchise owners who are passionate about customer service and have a strong business sense. They want someone who will be actively involved in their salon. Ideally, you should have a minimum net worth of $300,000 and liquid assets of $75,000. Experience in franchising or business ownership is a plus. If you're looking for a proven franchise opportunity in the hair care industry, Great Clips could be a great fit for you.

Support & Training offered by Great Clips

Ready to Own a Great Clips Franchise? We've Got You Covered!

Starting a business can be exciting, but it's also a big decision. That's why Great Clips offers comprehensive support and training to help you every step of the way. From finding the perfect location to mastering our cutting system, we've got your back.

Pre-Opening Support

Before you even open your doors, you'll receive support to get you up and running smoothly:

  • Franchise Disclosure Document (FDD): This document provides a clear overview of the franchise, including financial details, legal obligations, and operational requirements. This is a critical document for potential franchisees and allows you to make an informed decision.
  • Franchisee Training: Our six- to eight-week program will equip you with the knowledge and skills you need to succeed, covering leadership, recruitment, customer service, marketing, and community outreach.
  • Franchisee Discovery Day: Connect with other franchise owners and gain valuable firsthand insights into the Great Clips franchise opportunity.
  • Real Estate Support: Finding the right location is key. Our experienced real estate team will help you find the ideal spot for your new salon.

Post-Opening Support

We're with you every step of the way, even after you open your doors:

  • New Franchisee Training: This intensive three-day session will dive into the ins and outs of Great Clips systems, operations, and brand culture.
  • Great Clips University (GCU): Access over 300 online courses and activities covering everything from customer service to marketing and technology. Stay up-to-date and continue learning throughout your franchise ownership journey.
  • In-Salon Training: Our field operations team will be on-site to provide guidance and support, ensuring your salon runs smoothly every day.
  • Academy: Each stylist you hire will go through our comprehensive Academy program, combining online learning, personalized technical training, and in-person experience to master the Great Clips cutting system and customer service protocols.

Ongoing Support

We're here for you long-term! You'll have a dedicated Regional Field Consultant and access to corporate resources for ongoing guidance and support.

Key Support Areas

  • Operations: We'll support you with site selection, construction, equipment procurement, inventory management, and day-to-day operations.
  • Marketing and Advertising: We'll help you develop local marketing strategies, ensure brand compliance, and give you access to our national marketing campaigns.
  • Technology: We'll provide you with point-of-sale systems, online booking, and other essential tools for efficient salon management.
  • Human Resources: We'll support you with recruitment, training, and development of your salon team.
  • Financial Management: We'll provide budgeting, cost control, and financial reporting tools to help you manage your salon's finances.

Ready to learn more about owning a Great Clips franchise? We encourage you to contact us today for a no-obligation conversation. We'd love to discuss your dreams and help you achieve them!

Additional Information

Category Location Retail
Number of Units Open
Investment Range $146,900 - $302,400
Master Franchise true
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
The Franchise Yellow Pages (FYP) is an internationally recognized franchise information site. FYP supports business owners through the process of identifying and investing in franchise businesses. FYP showcases thousands of franchise brands for educational purposes. We do not represent all franchises listed here. By clicking on “Request Free Information” and “Request a Consultation,” you are agreeing to be contacted by a Franchise Consultant to discuss franchise ownership.
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