Great Clips Franchise Opportunity
- 25-year positive track record
- Over 2,600 salons operating
- Steady growth potential
- Cash business with no receivables
- Recession and Technology resistant
- Keep your professional career – Manager run locations
- Franchisees who have operated for at least 5 years, typically own 5 to 6 locations
- Haircare - Cosmetology is ranked as the most recession resistant industry a business owner can pursue. (1)
Full Answer
Who are Great Clips franchisees?
Great Clips franchisees come from a variety of backgrounds, but their role remains the same—to be engaged, dynamic leaders who use the tools and resources of a franchise system to build their legacy. Hear from Great Clips franchisees about what influenced their decision to invest in the world's largest salon brand in the world.
Why choose Great Clips?
Great Clips has been around since 1982, franchising since 1983, and is continuing to grow at a pace of about 200 new salons a year. Great Clips stands out against it's haircare competitors for a number of reasons: Privately held company- and a single brand.
What is the best franchise to buy in USA?
Best Franchises to Buy 1 McDonald's 2 7-Eleven 3 Dunkin' 4 The UPS Store 5 Popeyes 6 Sonic Drive-In 7 Great Clips 8 Taco Bell 9 Kumon Math & Reading Centers 10 Sport Clips
How many training centers does Great Clips have?
We have over 50 local training centers across the US & Canada, and Great Clips commits to ensuring that all franchisees' staff is trained according to the Great Clips system, even after they have become licensed cosmetologists.
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Is Great Clips franchise 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.
How much do most franchise owners 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.
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 much do chain franchise owners make?
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.
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 many locations does Great Clips have?
Great Clips is an American hair salon chain with over 4,100 locations across the United States and Canada. It is headquartered in Bloomington, Minnesota, a suburb of Minneapolis. In 2013, it had system-wide sales of $1.03 billion....Great Clips.TypePrivateWebsitewww.greatclips.com7 more rows
How much of a tip should you give your hairdresser?
20 percentRemember the golden rule: "You should tip 20 percent on the entire service cost, not per individual," says Schweitzer. So if your haircut and blow-dry cost $40 total, and your color was $60, your total service cost comes to $100. That means you should tip $20 divided between the colorist and stylist.
What is Great Clips motto?
We pride ourselves on making it easy for customers to get a great haircut at a great price at a time and place that's convenient for them.
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.
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
How much do 7 Eleven franchise owners make?
The estimated total pay for a Franchise Owner at 7-Eleven is $140,208 per year.
What percentage do franchise owners make?
Franchise royalties range from 4% of your revenue all the way up to 12% or more. The amount has to do with the type of franchise business.
How does a franchise owner get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How much do Burger King franchise owners make?
We can estimate that based on net revenue of $1,351,000 and a profit margin of 13%, the average Burger King franchise compensation is $175,630 per year.
What is the role of Great Clips franchisees?
Great Clips franchisees come from a variety of backgrounds, but their role remains the same—to be engaged, dynamic leaders who use the tools and resources of a franchise system to build their legacy.
Is Great Clips a good company?
I would absolutely recommend Great Clips for anybody looking to get into a new business. I’ve worked at some of the top brands on the planet, and Great Clips has got to be one of the absolute best operations that I’ve ever seen.
Financing
We have long-standing relationships with key lenders. Thousands of North American Great Clips locations have been financed over the last 35 years. There are several third-party financing options you can choose from, including small business loans. Please ask us for more information.
We can help
We have long-standing relationships with key lenders. Thousands of North American Great Clips locations have been financed over the last 35 years. There are several third-party financing options you can choose from, including small business loans. Please ask us for more information.
Great Clips Franchisee Owners List
Get the complete list of Great Clips franchise owners. Contains phone number, address and name of each Great Clips franchisee.
Contact Great Clips Franchise Owners
One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system.
How much does a franchise cost?
Every franchiser requires an upfront fee. This can range from hundreds to hundreds of thousands of dollars.
How much does it cost to buy a franchise?
The initial investment in a franchise can be pricey, and range anywhere from a few thousand dollars to over a million. If you're looking to purchase a franchise at a lower price point, there are options for you in a variety of industries.
What is a franchise?
A franchise is a business in which independent entrepreneurs use the rights to a larger company’s business name, logo, and products to operate an individual location. The franchiser is the owner of the larger company who sells the rights to license their business, and the franchisee is the third-party owner and operator of the business locations.
How long does it take to run a McDonald's franchise?
The franchise term for McDonald’s, for example, is 20 years.
Is it good to own a franchise?
Owning a franchise has countless benefits. You can profit from the franchiser’s recognizable brand while essentially running your own operation. The most profitable franchises rarely fail, removing the risks typically associated with opening a brand new business.
Is a franchise one size fits all?
No franchise is one-size-fits-all. Entrepreneurs who want to open a franchise must take into account their budgetary constraints and the franchiser’s support system during the evaluation phase.
