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Great Clips

2014 Franchise 500
#33
At a Glance

Products & Services: Hair salon

Number of Locations: 3,520

Total Investment: $109.2K - $208.3K

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
2014 3,406 112 0 2
2013 3,389 110 0 0
2012 3,002 82 0 0
2011 2,858 82 0 0
2010 2,787 64 0 1
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: $109,150 - $208,300
Franchise Fee: $20,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $5,000 off first-store franchise fee
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).
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: 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

Franchise Ranking History

Franchise 500®: #33 (2014), #29 (2013), #35 (2012), #29 (2011), #100 (2010),
Fastest-Growing: #9 (2014), #13 (2013), #32 (2012), #22 (2011), #49 (2010),
America's Top Global: #45 (2013), #32 (2012), #27 (2011), #82 (2010),