How much does a Sport Clips franchise cost?
- Initial Franchise Fee: $59,500
- Total Investment: $246,300 to $394,000
- Working Capital: $40,000 to $75,000
- Royalty Fee: 6.0%
Full Answer
What is sport clip?
Which segment of the haircutting industry is the most efficient?
Can You Imagine Your Life as A Sport Clips Owner?
How much does it cost to start a Sport Clips franchise?
The estimated total investment to open a new Sport Clips franchise ranges $266,300 – $439,500, making Sport Clips a lower cost investment with the potential for high returns.
How much does a Sport Clips franchise owner make?
The salary for Franchise Owner at Sport Clips is $60,000 annually.
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
How much can you make with a Great Clips franchise?
As of Oct 24, 2022, the average annual pay for a Great Clips Franchise in the United States is $44,119 a year. Just in case you need a simple salary calculator, that works out to be approximately $21.21 an hour. This is the equivalent of $848/week or $3,676/month.
Is sports clips a good franchise to own?
Sport Clips offers a stable, cash business opportunity with minimal inventory and no receivables. Recurring revenue and in demand services help franchisees continue to grow. Franchisees also experience high loyalty and stability with clients returning every 3-4 weeks.
How much does a Supercuts owner make?
The estimated total pay for a Owner at Supercuts is $107,159 per year.
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.
Do franchise owners make money?
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. Legally, franchisors cannot give income amounts or forecasts of future income.
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...•
Is Great Clips a good investment?
Great Clips is ideal for those seeking a moderate-risk, steady growth business. Great Clips is a recession resistant business which requires a relatively low investment and allows franchisees to keep their day job while building their salon business.
Is Great Clips profitable?
The total initial amount for you to set up your own Great Clips franchise can be anywhere between $146,750 to $302,400. As great Clips franchise owner, you can expect to on quite a lot of money in profit.
Who owns Great Clips franchise?
Great Clips, Inc. was established in Minneapolis, Minnesota by founders David Rubenzer and Steve Lemmon in 1982, a time when most people received haircuts in one of three ways: in full-service hair salons, from barbershops or at home. As a stylist and businessman, David could see that the industry was changing.
How old is Gordon Logan sport clips?
After almost 25 years, the strategy is working for Logan, now 71, who's rarely without his signature pale Stetson and a pair of western-style boots (he prefers ostrich leather). Sport Clips' 1,768 locations are spread across all 50 states, plus five Canadian provinces, and are run by about 500 franchisees.
How many sport clips are in the United States?
Today, Sport Clips is proud to be the only national hair care franchise with locations in all 50 states in the U.S., with more than 1,850 open in the U.S. and Canada.
A breakdown of the Sport Clips costs & fees associated with ownership
Sport Clips is one of the fastest growing men’s hair salon franchises in the nation. Sport Clips is a straightforward business to open, with startup costs below those of other men’s hair salon franchises. Keep reading for the Sport Clips costs & fees.
What do I get for my franchise fee?
The franchise fee for your first three licenses is $59,500, and the franchise fee for each additional license is $12,500.
Do you offer direct access to financing?
While we do not offer direct access to financing, we do have relationships with third-party lenders who can help you secure the funds necessary to invest in a Sport Clips franchise.
Do you offer a discount to veterans?
Yes! We proudly offer 20% off the initial franchise fee to all qualified military veterans. We thank you for your service!
Now Is the Time to Invest in Sport Clips
With over 1,800 locations open or in development, Sport Clips has helped hundreds of entrepreneurs thrive.
Ready to learn more about the Sport Clips franchise opportunity?
Fill out an inquiry form on this website and start a conversation. We can’t wait to learn more about you!
What is a sport clip?
Franchise Description: Sport Clips, Inc. is the franchisor. The services and products of Sport Clips store s are offered to all segments of the public, and the businesses are generally located in strip center locations. Sport Clips franchisees sell, primarily to men and boys, hair cutting services and hair care products in an environment with a sports theme and multiple televisions featuring sports programming. Sport Clips franchisees operate the franchise pursuant to the franchisor’s system, which includes the franchisor’s standards, specifications, approved products, methods and procedures. The system also includes the use of the trademark and trade name “Sport Clips.”
How long does it take for a franchise to get exclusive territory?
Territory Granted: Franchisees will receive an exclusive territory during the initial five-year term of the Franchise Agreement. The territory is the lesser of a one-mile radius around the franchisee’s location or a radius around the franchisee’s location that encompasses a population of 25,000 people. After the initial five-year term, franchisees do not have an exclusive territory, but Sport Clips will give the franchisee the first right of refusal to open a location with the territory as long as the franchisee is not in default of the Franchise Agreement.
What are the obligations of a franchisee?
Each individual who owns a 5% and greater interest in the franchisee entity, and his or her spouse, must sign an agreement assuming and agreeing to personally discharge all obligations of the “franchisee” under the Franchise Agreement. Franchisees may offer and sell only those goods and services that the franchisor has approved. Franchisees must offer products and services that the franchisor designates as required for all franchisees. The required products and services are haircuts, hair care services, hair care products, and specified hair care accessories.
How long is a franchise term?
Term of Agreement and Renewal: The length of the franchise term is five years.
Do sport clips have exclusive territory?
After the initial five-year term, franchisees do not have an exclusive territory, but Sport Clips will give the franchisee the first right of refusal to open a location with the territory as long as the franchisee is not in default of the Franchise Agreement.
How much does a "Sport Clips" franchise cost?
The minimum amount required for a franchisee to invest is $246,300 and can go all the way up to $340,500.
How many "Sport Clips" units are in the United States?
There are 1838 Sport Clips locations in the United States, of which "70" are corporate units and 1768 are franchise units.
From the Franchise Disclosure Document of "Sport Clips", that was issued on, 04, 01 2021
A Sport Clips franchisee sells, primarily to men and boys, hair cutting services and hair care products in an environment with a sports theme and multiple televisions featuring sports programming.
Sport Clips is a business model built on scalability and long-term growth
This is the most common and perhaps most important question entrepreneurs have when evaluating a business opportunity. You want to know if the business you’re going to invest in lives up to its promises – or to put it another way, that the risk will be worth the reward.
Now Is the Time to Invest in Sport Clips
With over 1,800 locations open or in development, Sport Clips has helped hundreds of entrepreneurs thrive.
Ready to learn more about the Sport Clips franchise opportunity?
Fill out an inquiry form on this website and start a conversation. We can’t wait to learn more about you!
Request Franchise Information
To get started, fill out the form below and we will send you an ebook. Someone on our team will be in contact with you.
How much does a Sport Clips franchise make?
As with any business, profits from a Sport Clips franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .
What is a sport clip?
Sport Clips is a hair salon that is tailored to men. It provides hair cuts to guys in a sport themed atmosphere. A variety of men's services are provided under sport theme names such as MVP Experience, Triple Play or Extra Innings.
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 1768 franchised Sport Clips locations in the USA.
Do they use public figures to promote their franchise?
Yes, unlock to find out which public figure s are used to promote this franchise.
How many Sport Clips stores are open?
When you invest in a franchise concept, the number of stores opened each year is important, but store closures are even more important! Sport Clips is an industry leader with over 1,450 stores open and a 98% continuity rate, an honor based on five years of real data, during which time only five Sport Clips stores have closed in the entire country. A truly impressive figure in the industry. What does this mean to you? Stability. Confidence. Freedom.
What was the first clip in the market?
Sport Clips was the first in the market and is still #1!
Do you need to be onsite to run sport clips?
We will help you recruit and hire a qualified manager to run the daily operations. This means you will not need to be onsite daily. You will provide supervision, oversight and leadership on your schedule.
What is sport clip?
For entrepreneurs looking to build a business, Sport Clips is an easy-to-understand business model that’s simple to execute while offering something every guy needs…a Championship Haircut Experience in an exciting sports environment. You are investing in a business that allows you to have ownership while maintaining your current career. You hire a manager to run the day-to-day operations while you keep your current job and build your Sport Clips business for the future.
Which segment of the haircutting industry is the most efficient?
Men’s haircare is the most efficient segment of the haircutting industry; with no chemicals and easier-to-execute haircuts
Can You Imagine Your Life as A Sport Clips Owner?
We look for candidates with strong managerial and communication skills, who enjoy working with and developing people, and marketing their stores. As a Sport Clips owner, you will work with the manager and oversee multiple units. Your primary responsibility is to market your business and drive sales. Hair cutting experience NOT necessary. Net worth of $400,000 and liquid capital of $200,000.
