Snip-Its

At a Glance

Products & Services: Children's hair salon, party services

Number of Locations: 67

Total Investment: $120.3K - $255.4K

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
2014 65 0 0 2
2013 65 0 0 1
2012 63 0 0 3
2011 61 0 0 3
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $120,300 - $255,433
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
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).
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 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

Franchise 500®: #495 (2012), #471 (2010),

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