Great Clips is a personal hair care business in America. It is one of the largest hair salon franchises with its network across the United States and Canada. The module of Great Clips is different from other salons, they offer a no-frills hair maintenance service focusing mostly on hair-cuts, hairstyling, and shampooing. Their goal is to provide the service that they do best. They have advanced technology and wonderful techniques for Franchisees. Their salon management is great and they provide the best customer service. The brand has over 4400 footprints across North America and in other parts of the world, its headquarters is located in Minneapolis, Minnesota.
Steve Lemmon and David Rubenzer founded this hair salon business in 1982 and started franchising in 1983. They are available seven days a week and also provide service during nights and weekends. They offer a number of services for men, women and children. They also have their own professional haircare products under the brand name “Solutions”. Apart from walk-in, their website and mobile app fixes appointment scheduling for its customers.
In order to know the franchise benefits provided by Great Clips you need to know that their support network is outstanding. They provide assistance on all levels like during site selection, build outs, at the time of operating marketing strategies and on other levels.
There are some other support options available from Great Clips:
Apart from this we can confirm their benefits from below mentioned points:
The expected financial requirements for the Great Clips Franchise is based on its liquid capital, net worth and total investment. If you are interested in starting up a Great Clips franchise you need to have a liquid capital of $50,000, Net worth of $300,000 and a total investment of $137,000 – $259,000. Apart from this there are other required investments and fees.
|Total Investment||$137,000 – $259,000|
Great Clips Franchise Opportunities is for ideal candidates, qualified youths and for involved and engaged partners. The brand is always looking for an opportunity to tie knots with such human characters who will be focused on growing the business. Those perfect partners who have the desire to grow into multiple units.
In order to run a Great Clips Franchise, the total investment that is necessary ranges from $178,400 – $376,900. This includes a single franchise agreement and three stat agreement.
|Name of Fee||Low||High|
|Initial Franchise Fee||$20,000||$20,000|
|Travel and living expenses||$1,500||$2,500|
|Leasehold improvements, including Labor.||$65,000||$160,000|
|Rent & Security deposits.||$1,000||$10,000|
|Fixtures, Signage and furnishings, including computer.||$40,000||$55,000|
|Sales Tax on fixtures,signage and furnishings.||$0||$3,000|
|Operating inventory and suppliers.||$4,700||$6,400|
|Grand Opening Advertising||$20,000||$25,000|
|Lease liability Fee and lease Review Fee.||$0||$4,000|
|Additional Funds (6-12) months||$15,000||$55,000|
There are many factors on which the franchise revenue depends, as does its profit. Factors such as location point, costs of labor, commercial lease rates and much more.
As we know it’s a billion dollar industry, as per Great Clips reports,
There is no official evidence or record from which we can confirm how much profit Great Clips makes. In gross revenue per year per location the franchise makes approximately $320,000 meaning some locations earn more and some less. The Owner of a franchise can expect a 10% Profit margin from gross sales. As per year per location, a franchise owner can expect to make $32,000 in salary.
You need to complete the online form provided by Great Clips for franchisees. You need to fill the Basis information required, next they will ask for Employment, further they want to confirm your Other Information as well, after this step you need to fill Assets, then it takes you down to Liabilities, after this you will find Monthly Expenses, then Other Financials option pops up, they also ask General Questions and Wrap Up Questions at the end they end the procedure on Referral option. Submit it after completing your consent to receive Great Clips info emails.
For more details visit their Official Website: http://www.greatclipsfranchise.com
Great Clips Franchise provides opportunities for ideal candidates, qualified youths and for involved and engaged partners. The brand is always in need of partners who focus on growing business. Their way of supporting their franchisees is unique, as a manager-run business, so there’s no need for owners to remain updated 24/7. Their technology and marketing strategies are well versatile that leads to increase in its profit margin. They are also engaged in many social work activities in order to develop and strengthen its relationship with communities.
As a billion dollar industry, the profit is guaranteed, but the haircare industry is highly developed and the investors must remain aware that they are going to face strong rivalries. The consumers are the same so this may impact its profit margin which will be reflected in owners profit. So the investors need to go for multi-unit ownership in order to make more profit. Its footprints are growing and are engaging much human power with this highly developed business. Great Clips Franchise in the USA can be a turning point for involved and engaged investors who can make business much profitable and worthy investing.
Yes, Great Clips is a franchise and have started franchising in 1983.
There is no official record from which we can confirm how much profit Great Clips makes but it’s estimated that its revenue is approximately $1.03 billion.
In order to run a Great Clips Franchise, the total investment that is necessary ranges from $178,400 – $376,900.
Steve Lemmon and David Rubenzer founded Great Clips in 1982.
As per year per location, a franchise owner can expect to make $32,000 in salary.