Fantastic Sams Hair Salons

Fantastic Sams Hair Salons

Fantastic Sams Hair Salons
#65

Initial Investment

LOW: $137,100
HIGH: $261,500

Change in Units

-2.5% -28 UNITS (1 Year)
-5.5% -62 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1974

Franchising Since

1976 (40 Years)

Corporate Address

500 Cummings Center, #1100 Beverly, MA 01915

CEO

Linda Chadwick

Parent Company

F. S. Concepts Inc.

About Fantastic Sams Hair Salons

Sam M. Ross started Fantastic Sams in July 1974, and the company began franchising in 1976, marketing its "fixed fee" system and "no appointment necessary" concept. The franchisor has full-service, family hair-care salons throughout the U.S. and Canada. In addition to cuts, perms and coloring services, Fantastic Sams sells its own line of shampoos, conditioners and styling aids for men and women.

Financials

Financial Requirements

Initial Investment

$137,100 - $261,500

Net-worth Requirement

$250,000 - $300,000

Liquid Cash Requirement

$60,000 - $70,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

$292-$452/wk.

Ad Royalty Fee

$136/wk.

Financing Options

Fantastic Sams Hair Salons has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


25% off multi-unit franchise fee

Franchise 500® Rank History

Highest Rank: 39

Lowest Rank: 142

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and Canada.

Operations & Franchisor Support

Training Onsite: Ongoing

Training at headquarters: 4 days

Additional Training: At regional office

Ongoing Support
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 8

Related Franchises

Related Articles

Why NBA Players Might Soon Look Like Soccer Players

Why NBA Players Might Soon Look Like Soccer Players

The league is considering letting marketers use players' jerseys for advertisements.
Lindsay Friedman
1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day

1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day

'Things do go wrong. It's how the company responds to those challenges that really makes a difference.'
Lindsay Friedman
This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park

This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park

Bill Papierniak was a minor league general manager in Richmond, Va. Today, the deals he's inking are with Cartridge World.
Entrepreneur Staff
Burger King Is Starting to Sell Hot Dogs

Burger King Is Starting to Sell Hot Dogs

'It's so obvious,' says the company's head of North American operations. 'I don't know why we didn't do this before.'
Lifelong Health Advocate Finds a Natural Fit With Jamba Juice

Lifelong Health Advocate Finds a Natural Fit With Jamba Juice

Panos Joulios, a career-entrepreneur in the restaurant industry, loves promoting healthy living at his several juice joints across Arizona and California.
Erin Schultz

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: January 21st, 2016

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

87 franchises for under $50,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012