#91
At a Glance
Products & Services: Men's sports-themed hair salon
Number of Locations: 794
Total Investment: $153.2K - 276.9K
Founded: 1993
Began Franchising: 1995
Private Owned
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.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 772 | 0 | 0 | 22 |
| 2010 | 683 | 0 | 0 | 21 |
| 2009 | 639 | 0 | 0 | 14 |
| 2008 | 563 | 0 | 0 | 12 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $153,200 - $276,900
Franchise Fee: $25,000 - $49,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $25,000 - $49,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
Operations
98% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 12. Absentee ownership of franchise is allowed. (32% 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 franchisee's location: 5 days. At existing locations : 5 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Ad fund, local radio & TV, celebrity fees