#16

Initial Investment

LOW: $168,300
HIGH: $326,500

Change in Units

+7.5% +105 UNITS (1 Year)
+14.1% +198 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1993

Franchising Since

1995 (21 Years)

Corporate Address

P.O. Box 3000-266 Georgetown, TX 78627-3000

CEO

Gordon Logan

About Sport Clips

Gordon Logan, president of Sport Clips, conceived the Sport Clips idea in 1993 and opened its first franchised store in Houston two years later. Designed to target a previously underserved market, Sport Clips caters to men and boys by providing hassle-free hairstyling in a sports-themed environment. The company began franchising in 1995.

Financials

Financial Requirements

Initial Investment

$168,300 - $326,500

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$25,000 - $59,500

Ongoing Royalty Fee

6%

Ad Royalty Fee

$300-$450/wk.

Financing Options

Sport Clips has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory, accounts receivable

Veteran Incentives


20% off franchise fee

Franchise 500® Rank History

Highest Rank: 16

Lowest Rank: 160

Units (Locations)

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

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 5 days

Additional Training: At existing locations

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

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

Absentee Ownership Allowed

Number of employees required to run: 8 - 14

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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: August 8th, 2015

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