SmartStyle
Family hair salons- 2021 Franchise 500 Rank
-
#130 Ranked #325 last year
- Initial investment
-
$149K - $305K
- Units as of 2020
-
1,961 26.4% over 3 years
Company Overview
About SmartStyle
- Industry
- Personal-Care Businesses
- 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
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-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
-
Ad TemplatesNational MediaRegional AdvertisingSocial 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.
Franchise 500 Ranking
Fastest-Growing Franchises
Top New Franchises
Fastest-Growing Franchises (U.S. & Canada)
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