Snip-Its
Not Ranked

Initial Investment

LOW: $115,850
HIGH: $206,800

Change in Units

0.0% 0 UNITS (1 Year)
+1.5% +1 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1995

Franchising Since

2003 (13 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

$115,850 - $206,800

Net-worth Requirement

$500,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$25,000

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

Franchise 500® Rank History

  • 2008 - 475
  • 2010 - 471
  • 2012 - 495

* Not all years were ranked

Units (Locations)

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

Operations & Franchisor Support

Training Onsite: 3-4 days

Training at headquarters: 5 days

Ongoing Support
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks

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: October 14th, 2015

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Previous Years Rankings

2016 2015 2014 2013 2012