Great Clips

Great Clips

Hair salons
Want to open a Great Clips?
2021 Franchise 500 Rank
#13 Ranked #15 last year
See the Full List
Initial investment
$147K - $282K
Units as of 2020
4,473 9.3% over 3 years

Company Overview

Established in 1982, Great Clips started franchising in 1983 and now has more than 4,000 locations throughout the United States and Canada. Usually located in strip malls, Great Clips hair salons are open evenings and weekends and do not require appointments. No hair-care experience is required for franchisees, who operate 5 to 6 units after 5 years on average.

About Great Clips

Related Categories
Hair Care
Founded
1982
Leadership
Steve Hockett, CEO
Sponsored Content

More from Great Clips

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About 

Haircare is a $70Billion dollar industry, and still growing. Great Clips is in the convenient, no appointment haircutting segment of the industry, and is the largest and fastest growing haircutting brand in the world. It is a simple, recession resistant business model- we do not offer color, waxing, tanning, or nail services because we want to keep the business simple and focus on the service that we do best- cutting hair. And, no matter what the economy looks like, people still need their hair cut, usually every 4-6 weeks.

Franchise Opportunities 

Great Clips was founded in 1982, and has been franchising since 1983. With over 4200 locations in the US & Canada, we are still accepting new franchisees in over 75 markets in North America. Our salons are manager-run, so it is possible for franchisees who have a flexible full time job to keep that position and do the business on the side, knowing it’s kind of like a second full time job to start a new business! Great Clips franchisees are always involved and engaged in the success of their business- so whether it’s a husband/wife partnership or that flexible full time position, Great Clips franchisees are aware that they are the driver of their positive results. Haircare experience is not necessary to become a franchisee- rather, solid business backgrounds and people management skills are the traits we see in our successful franchisees.

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Benefits  

Great Clips has a support network that is outstanding- from assistance during the site selection process, build out, hiring, grand opening marketing strategies, ongoing growth plans- all the way to helping franchisees who are ready to sell their salons- Great Clips is dedicated to the success of our franchisees. With 100% of our salons franchisee-owned, Great Clips’ success depends on the success of our franchisees. On average, after 5 years in business, our franchisees own between 5-6 salons. Plus, all franchisee's stylists and managers are trained in the Great Clips system by Great Clips corporate staff at our local training centers.

Testimonials

“Great Clips improves my ability to grow profitably. I also benefit from working with other franchisees and the hard working and knowledgeable Great Clips Corporate employees. The biggest benefit is the culture of Great Clips. Their actions consistently show that they really do care about you.” Keith C, owns 5 locations.

“Initially I anticipated opening just one or two stores, but the business grew to be so successful that it made sense for me to leave my existing job as vice president!” Jim H, owns 9 locations

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From a Staggering Decline to a Remarkable Recovery: One Franchisor's Surviving-to-Thriving Story

Franchising Overview

Franchising Since
1983 (38 years)
# of employees at HQ
240
Where seeking

This company is seeking new franchisees in the following international regions: Canada

# of Units
4,473 (as of 2020)

Franchisor Information

Corporate Address
4400 W. 78th St., #700
Minneapolis, MN 55435

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Great Clips franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$20,000
Initial Investment
$146,900 - $282,400
Net Worth Requirement
$300,000 - $1,000,000
Cash Requirement
$75,000 - $250,000
Veteran Incentives
$5,000 rebate on first-store franchise fee
Royalty Fee
6%
Ad Royalty Fee
5%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Great Clips has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
13 hours
Classroom Training
56 hours
Additional Training
At local training center
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
8-10
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Great Clips landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Great Clips ranked on other franchise lists? Find out below.

Ranked #13

Franchise 500 Ranking

Ranked #23

Fastest-Growing Franchises

Ranked #61

Top Global Franchises

Ranked #18

Fastest-Growing Franchises (U.S. & Canada)

Ranked #4

Top Franchises for Less Than $150,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021