#29
At a Glance
Products & Services: Hair salon
Number of Locations: 3,360
Total Investment: $108.35K - 205.8K
Founded: 1982
Began Franchising: 1983
About Great Clips
Established in 1982, Great Clips started franchising in 1983 and now has locations throughout the United States and Canada. Usually located in strip malls, Great Clips hair salons are open evenings and weekends and do not require appointments. No hair-care experience is required for franchisees, who operated 5 to 6 units after 5 years on average.
Great Clips has national partnerships with brands like NASCAR, EA Sports, NFL.com and Old Navy.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2013 | 3,256 | 104 | 0 | 0 |
| 2012 | 3,002 | 82 | 0 | 0 |
| 2011 | 2,858 | 82 | 0 | 0 |
| 2010 | 2,787 | 64 | 0 | 1 |
| 2009 | 2,682 | 56 | 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: $108,350 - $205,800
Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $50,000 - $150,000
Operations
Number of employees needed to run franchised unit: 8 - 10. Absentee ownership of franchise is allowed. (95% 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: 5 days. At local training center : 3 days & ongoing.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising,
Other marketing support: Broadcast media