Sport Clips

#49

At a Glance

Products & Services: Men's sports-themed hair salon

Number of Locations: 926

Total Investment: $177.8K - 277K

Founded: 1993

Began Franchising: 1995

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
2012	902	0	0	24
2011	772	0	0	22
2010	683	0	0	21
2009	639	0	0	14

Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Asia, Australia/New Zealand, Canada, Eastern Europe, Mexico, South America, Western Europe.

Startup Costs, Ongoing Fees and Financing

Total Investment: $177,800 - $277,000
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
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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, Lease Negotiation

Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Other marketing support: Ad fund, local radio & TV, celebrity fees