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Promoted Opportunities

Snip-Its
#475

Initial Investment

LOW: $124,595
HIGH: $220,375

Change in Units

-4.5% -3 UNITS (1 Year)
-3.0% -2 UNITS (3 Years)

Company Profile

Founded

1995

Franchising Since

2003 (14 Years)

Corporate Address

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

CEO

Jim George

About Snip-Its

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.

Financials

Financial Requirements

Initial Investment

$124,595 - $220,375

Net-worth Requirement

$500,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$20,000 - $35,000

Ongoing Royalty Fee

5.5-6%

Ad Royalty Fee

1.5-2%

Financing Options

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

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 12 days

Training at headquarters: 5 days

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

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

Absentee Ownership Allowed

Number of employees required to run: 10 - 11

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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: September 1st, 2016

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