Sport Clips

Sports-themed barbershop targeting men and boys
Year began: 1993    Franchising since: 1995
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.
P.O. Box 3000-266
Georgetown, TX 78627-3000

Phone: (512)869-1201
Fax: (512)868-4699

Franchisor is a privately-held company with 40 employee(s); 6 employee(s) in franchise department.


Franchise Growth
Year

2007
2006
2005
2004
U.S. Franchises
440
341
263
219
Canadian Franchises
0
0
0
0

Foreign Franchises
0
0
0
0
Company
Owned

14
12
10
7

Where Seeking Franchisees
In the U.S.

Exclusive territories available.
Territory size: Varies (major cities, regions or entire states)

Special Programs
Sport Clips sponsors numerous local sports teams, including Little League, Pop Warner football and soccer. Franchisees are encouraged to get involved with the community through avenues like Partners in Education and other programs.

Costs & Fees
Total investment: $165K
Franchise fee: $49.5K
Ongoing royalty fee: 6%
Term of agreement: 5 years, renewable
Renewal fee: $3.5K
Type of Financing Available
In-HouseThird Party
Franchise FeeNoYes
Startup CostsNoYes
EquipmentNoYes
InventoryNoYes
Accounts ReceivableNoNo
PayrollNoYes
Third-party financing source(s): the SBA, banks & equipment leasing companies
Qualifications
Net worth requirement: $300K
Cash liquidity requirement: $100K
Business Experience:
  • General business experience
  • Marketing skills
  • People skills

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)

Training & Support
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

Rankings in Entrepreneur magazine 2004-2008
Franchise 500® rank:
#74 (2008); #72 (2007); #81 (2006); #83 (2005); #138 (2004);

Fastest-Growing Franchises:
#39 (2008); #49 (2007); #50 (2006); #45 (2005); #82 (2004);

Last Updated: 8/4/2008 12:00:00 AM



Copyright © 2008 Entrepreneur.com, Inc. All rights reserved. Privacy Policy