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Sport Clips

2015 Franchise 500
#36
At a Glance

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

Number of Locations: 1,300

Total Investment: $158.3K - $316.5K

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
2014 1,252 17 0 31
2013 1,167 11 0 29
2012 902 0 0 24
2011 772 0 0 22
2010 683 0 0 21
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $158,300 - $316,500
Franchise Fee: $25,000 - $59,500
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 20% off franchise fee
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: 8 - 14. Absentee ownership of franchise is allowed..
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: 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

Franchise Ranking History

Franchise 500®: #36 (2015), #38 (2014), #49 (2013), #91 (2012), #160 (2011), #69 (2010),
Fastest-Growing: #16 (2014), #16 (2013), #18 (2012), #46 (2011), #34 (2010),

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