#58
At a Glance
Products & Services: Full-service hair salon
Number of Locations: 1,189
Total Investment: $115K - 228.6K
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, styling aids and color treatments.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 1,162 | 10 | 0 | 17 |
| 2011 | 1,199 | 9 | 0 | 13 |
| 2010 | 1,262 | 8 | 0 | 14 |
| 2009 | 1,308 | 12 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.
Startup Costs, Ongoing Fees and Financing
Total Investment: $115,000 - $228,600
Franchise Fee: $30,000
Ongoing Royalty Fee: $283-438/wk.
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $30,000
Ongoing Royalty Fee: $283-438/wk.
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000 - $300,000
Liquid Cash Available: $60,000 - $70,000
Operations
30% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 8. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 1 week. At franchisee's location: Ongoing. At regional office : 1 week.
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
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