Snip-Its

Children's hair care & party services

Background

Founded: 1995 Franchising since: 2003
1085 Worcester Rd.
Natick, MA 01760
Phone:
(508)651-7052


Franchisor is a privately-held company with 50 employee(s); 8 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2008 61 0 0 1
2007 56 0 0 1
2006 42 0 0 2
2005 20 0 0 5

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, United states, Utah, Vermont, West virginia, Wyoming

Exclusive territories available.
Territory size: Negotiable

Costs and Fees

Total investment: $141K-267.5K
Franchise fee: $18.8K-25K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience

Operations
  • Franchise can be run from home
  • 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)

Training and Support

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

Rankings

Franchise 500® rank:
#475 (2008);


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