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Snip-Its
#430 Franchise 500| Children's hair salons, party services

About
Founded

1995

Franchising Since

2003 (15 Years)

Corporate Address

6409 City West Pkwy., #205A
Eden Prairie, MN 55344

CEO

Jim George

Financial Requirements
Initial Investment

$129,975 - $239,375

Net-worth Requirement

$500,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$20,000 - $35,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

2%

Financing Options

Snip-Its has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory, accounts receivable, payroll

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

80 hours

Classroom Training:

34 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

6 - 10

Snip-Its is ranked #430 in the Franchise 500!
Bio
In search of a hair salon to take her young children to, Joanna Meiseles ended up opening it herself in 1995. Snip-Its proprietary characters, games and stories are designed to keep kids entertained while they get their hair cut, and at the end of each visit they receive a prize. Snip-Its locations also offer children's parties and sell hair care products.
Cost
Initial Investment: Low - $129,975 High - $239,375
Units
+1.6%+0 UNITS (1 Year) -4.5%-3 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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: October 3rd, 2017