Snip-Its
Children's hair salons, party services

About
Founded

1995

Franchising Since

2003 (16 Years)

Corporate Address

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

CEO

Matthew Paschke

Financial Requirements
Initial Investment

$144,770 - $249,000

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

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 - $144,770 High - $249,000
Units

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

Franchise Articles

The Top 10 Best Franchises to Open in 2019

Here's everything you need to know about the top franchises to open from the 'Entrepreneur' Franchise 500.

Never Buy a Franchise Without Researching These 5 Sources

Once you've narrowed your franchise choices to a few – or a few dozen – it's time to investigate these informational options.

Franchise 500: Our Definitive Ranking of 2019's Strongest Franchises

What trends are tops? What brands have proved most lasting? What franchise may be the right opportunity for you? Explore, absorb, and learn from our annual list.

#1 on the Franchise 500: How McDonald's Evolved With Its Customer

The #1 company on our annual Franchise 500 list is a master class in staying power.

#2 on the Franchise 500: How Dunkin' Continues To Thrive

Even with a forward looking rebrand to just Dunkin', the #2 company on our Franchise 500 list knows its soul.

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 2nd, 2018
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.