Snip-Its
At a Glance
Products & Services: Children's hair care & party services
Number of Locations: 64
Total Investment: $127.78K - 273.7K
Founded: 1995
Began Franchising: 2003
About Snip-Its
In search of a hair salon to take her young children to, Joanna Meiseles ended up opening it herself in 1995. Snip-Its proprietary characters, games and stories are designed to keep kids entertained while they get their hair cut, and at the end of each visit they receive a prize. Snip-Its locations also offer children's parties and sell hair care products.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 61 | 0 | 0 | 3 |
| 2009 | 65 | 0 | 0 | 1 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $127,775 - $273,700
Franchise Fee: $25,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $50,000
Operations
75% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10 - 11. Absentee ownership of franchise is allowed. (20% 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: 3-4 days.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks,
Franchise Ranking History
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