SmartStyle

Family hair salons
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2021 Franchise 500 Rank
#130 Ranked #325 last year
See the Full List
Initial investment
$149K - $305K
Units as of 2020
1,961 26.4% over 3 years

Company Overview

About SmartStyle

Related Categories
Hair Care
Founded
1996
Leadership
Hugh Sawyer, CEO
Ticker Symbol
RGS

Franchising Overview

Franchising Since
2016 (5 years)
# of employees at HQ
340
Where seeking

This company is seeking new franchisees throughout the US.

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

# of Units
1,961 (as of 2020)

Franchisor Information

Corporate Address
3701 Wayzata Blvd., #500
Minneapolis, MN 55416

Information for Franchisees

Here’s what you need to know if you’re interested in opening a SmartStyle 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
$39,500
Initial Investment
$149,430 - $305,200
Net Worth Requirement
$500,000
Cash Requirement
$150,000
Veteran Incentives
$2,500 rebate on first-store franchise fee
Royalty Fee
5%
Ad Royalty Fee
2%
Term of Agreement
Term of Master Lease
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
SmartStyle has relationships with third-party sources which offer financing to cover the following: franchise fee, 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.

Classroom Training
24 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
No

Franchise 500 Ranking History

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

Additional Rankings

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

Ranked #130

Franchise 500 Ranking

Ranked #37

Fastest-Growing Franchises

Ranked #8

Top New Franchises

Ranked #2

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

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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