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Fantastic Sams Hair Salons

2014 Franchise 500
#47
At a Glance

Products & Services: Family hair salon

Number of Locations: 1,152

Total Investment: $136.1K - $246.1K

Founded: 1974

Began Franchising: 1976

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.

Franchise Units

Year U.S. Canadian International Company Owned
2014 1,131 4 0 17
2013 1,164 5 0 17
2012 1,162 10 0 17
2011 1,199 9 0 13
2010 1,262 8 0 14
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $136,100 - $246,100
Franchise Fee: $30,000
Ongoing Royalty Fee: $292-$452/wk.
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 25% off franchise fee, $5,000 product credit
Financial Requirements
Net Worth: $250,000 - $300,000
Liquid Cash Available: $60,000 - $70,000
Operations
42% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 8. Absentee ownership of franchise is NOT allowed..
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 4 days. At franchisee's location: Ongoing. At regional office : ongoing.
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Turnkey marketing by target groups, in-salon graphics & promotional pieces

Franchise Ranking History

Franchise 500®: #47 (2014), #58 (2013), #64 (2012), #50 (2011), #39 (2010),
America's Top Global: #178 (2014), #72 (2013), #58 (2012), #44 (2011), #33 (2010),

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