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Great Clips

Great Clips might be synonymous with affordable haircuts, […]

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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: $100,000+
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 might be synonymous with affordable haircuts, but for budding entrepreneurs, it's also a well-established franchise opportunity offering the chance to own a piece of the haircare empire. Let's delve into the key aspects of a Great Clips franchise, exploring the brand's strengths, investment requirements, and the ideal franchisee profile.A Haircut Above the Rest:Great Clips boasts a proven track record, with over 4,400 salons across the US and Canada. The brand caters to a broad clientele seeking convenient, no-fuss haircuts at competitive prices. Its "check-in online" system and walk-in welcome policy further solidify its focus on ease and accessibility. Beyond convenience, Great Clips also prioritizes quality, employing trained stylists who offer a range of cuts and hair care services. This focus on both affordability and professionalism has cemented Great Clips' position as a leader in the hair salon franchise market.Investing in Snips and Success:Owning a Great Clips franchise comes with its own set of financial considerations. The initial investment ranges from $178,400 to nearly $400,000, encompassing franchise fees, real estate costs, equipment, and opening inventory. Additionally, franchisees pay ongoing royalties, including a 6% royalty on all sales and a 5% advertising royalty. However, Great Clips also provides comprehensive training and ongoing support, helping franchisees navigate the salon business and maximize their return on investment.Clipping the Right Ticket:Great Clips seeks franchisees who are passionate about customer service, possess strong business acumen, and are eager to be actively involved in their salons. Ideal candidates should also have a minimum net worth of $300,000 and liquid assets of $75,000. Additionally, a proven track record of success in franchising or business ownership is often preferred.

Support & Training offered by Great Clips

Great Clips Franchisee Support and Training: A Comprehensive OutlineGreat Clips prioritizes comprehensive support and training for its franchisees, starting before you even open your doors and continuing throughout your ownership journey. Here's a breakdown of what you can expect:Pre-Opening:Franchise Disclosure Document (FDD): You'll receive a detailed document outlining the franchise's financials, legal obligations, and operational requirements.Franchisee Training: A six- to eight-week program covering leadership, recruitment, customer service, marketing, and community outreach.Franchisee Discovery Day: You'll connect with existing franchisees to ask questions and gain firsthand insights.Real Estate Support: Great Clips helps you find the ideal location with assistance from their experienced real estate team.Post-Opening:New Franchisee Training: A 3-day intensive session covering Great Clips systems, operations, and brand culture.Great Clips University (GCU): Online access to over 300 courses and activities for franchisees and their teams, covering everything from customer service to marketing to technology.In-Salon Training: On-site support from Great Clips' field operations team to ensure smooth day-to-day operations.Academy: Every stylist you hire completes this program, balancing online learning, personalized technical training, and in-person experience to master the Great Clips cutting system and customer service protocols.Ongoing Support: You'll have dedicated Regional Field Consultants and access to corporate resources for continuous guidance and assistance.Key areas of support:Operations: Site selection, construction, equipment procurement, inventory management, and day-to-day operations.Marketing and Advertising: Local marketing strategies, brand compliance, and access to national marketing campaigns.Technology: Point-of-sale systems, online booking, and other essential tools for efficient salon management.Human Resources: Recruitment, training, and development of your salon team.Financial Management: Budgeting, cost control, and financial reporting tools.

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
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