How much does a Sharkey's Cuts For Kids franchise cost?
- Initial Franchise Fee: $129,995
- Total Investment: $163,420 to $225,495
- Working Capital: $5,000 to $15,000
Who owns Sharkey?
Scott SharkeyIn 2001, Linda and Scott Sharkey opened up their first Sharkey's Cuts for Kids hair salon. The kid-friendly brand offers a unique haircut experience for children ages 0-14 years old.
How does a franchise make money?
A franchisor makes money from royalties and fees paid by the franchise owners. A franchise owner makes money through profits received from sales and service transactions. This is generally the left-over amount of money received from revenue after overhead costs are taken out.
Can you get rich owning a franchise?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much profit does a franchise make?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000.
How much does a franchise owner make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How does owning a franchise work?
A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor's name for a specific number of years and assistance.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
Award Winning Franchise!
Most Franchises require the business owner to manage the day-to-day activities of the business and live close to the business. We DO NOT! Almost all of our current franchisees maintain their current jobs along with their Sharkey’s Cuts for Kids franchise. "Passive ownership is what Sharkey's is all about”, says CEO Scott Sharkey.
Why is Sharkey's a Recession Proof Investment?
Hair always grows so kids will always need a haircut. It’s like a utility business; it’s a need not a want.
What Do Our Franchisees Say About Us?
Scott, "From my first phone call I have felt like I was Sharkey's number one priority. Scott doesn’t just provide a great mentorship, he is open to my insight as well. Going into this new business we had never been in the salon industry before but with Scott's guidance and the Sharkey's Cuts for Kids brand we have had no issues generating business.
How much does a Sharkey's Cuts For Kids franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Is Sharkey's Cuts for Kids graded?
Sharkey's Cuts For Kids is graded based on our most recent research.
Are there any Sharkey's Cuts For Kids franchise opportunities near me?
Based on 2020 FDD data, Sharkey's Cuts For Kids has franchise locations in 17 states. The largest region is the South with 37 franchise locations.
What is Sharkey's Cuts for Kids?
At Sharkey's Cuts for Kids, we know that kids and parents want something different with their haircut experience. So we provide it all: a superior haircut with warm, experienced stylists in a meticulously clean place filled with fun! Children sit in FUN toy-car vehicles while watching their favorite cartoons, or play Xbox or Playstation on our 40" Screens! Girls can also enjoy sitting in our private Tween-Lounge!
Is Sharkey's a turnkey business?
Sharkey's offers two proven turn-key, fully staffed, business models to direct your dreams into reality! Our brilliant formula for success is all about the multiple sources of revenue that flow through our salons. At Sharkey's we know that kids and families want something different with their haircut experience so we provide two different franchise models, both offering a great experience! Read More.
Is Sharkey's Cuts for Kids a passive franchise?
Sharkey's Cuts for Kids is not one of those trendy franchises where maybe you make back your ROI within 3-5 years before your concept gets replaced by something bigger, better, or more trendy. Our franchise offers people the opportunity to invest in a brand, not buy a job, that has longevity, is fun to run, and has very little competition. Kids always need haircuts and you cannot get that on Amazon!