Fantastic Sams Hair Salons

Fantastic Sams Hair Salons

Fantastic Sams Hair Salons
#65

Initial Investment

LOW: $137,100
HIGH: $261,500

Change in Units

-2.5% -28 UNITS (1 Year)
-5.5% -62 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1974

Franchising Since

1976 (40 Years)

Corporate Address

500 Cummings Center, #1100 Beverly, MA 01915

CEO

Linda Chadwick

Parent Company

F. S. Concepts Inc.

About Fantastic Sams Hair Salons

Sam M. Ross started Fantastic Sams in July 1974, and the company began franchising in 1976, marketing its "fixed fee" system and "no appointment necessary" concept. The franchisor has full-service, family hair-care salons throughout the U.S. and Canada. In addition to cuts, perms and coloring services, Fantastic Sams sells its own line of shampoos, conditioners and styling aids for men and women.

Financials

Financial Requirements

Initial Investment

$137,100 - $261,500

Net-worth Requirement

$250,000 - $300,000

Liquid Cash Requirement

$60,000 - $70,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

$292-$452/wk.

Ad Royalty Fee

$136/wk.

Financing Options

Fantastic Sams Hair Salons has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


25% off multi-unit franchise fee

Franchise 500® Rank History

Highest Rank: 39

Lowest Rank: 142

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: See List

Operations & Franchisor Support

Training Onsite: Ongoing

Training at headquarters: 4 days

Additional Training: At regional office

Ongoing Support
Newsletter
Meetings
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Number of employees required to run: 8

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: January 21st, 2016

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