Great Clips
#15 Franchise 500| Hair salons

Great Clips
Hair salons

About
Founded

1982

Franchising Since

1983 (37 Years)

Corporate Address

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

Leadership

Steve Hockett, CEO

Financial Requirements
Initial Investment

$146,900 - $282,400

Net-worth Requirement

$300,000 - $1,000,000

Liquid Cash Requirement

$75,000 - $250,000

Ongoing Fees
Initial Franchise Fee

$20,000 - $20,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

5%

Financing Options

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

Veteran Incentives

$5,000 rebate on first-store franchise fee

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Email marketing

Loyalty program/app

On-The-Job Training:

13 hours

Classroom Training:

56 hours

Additional Training:

At local training center

Absentee Ownership Allowed
Number of Employees Required to Run:

8 - 10

Great Clips is ranked #15 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $146,900 High - $282,400
Units
+2.6%+110 UNITS (1 Year) +13.0%+503 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Canada

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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: July 24th, 2020