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)

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

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

Related Franchises

Related Articles

Pop Quiz: How Well Do You Know Ben & Jerry's?

Pop Quiz: How Well Do You Know Ben & Jerry's?

From its legendary flavor graveyard to its iconic cow on its packaging, we want to test your Ben & Jerry's trivia for National Ice Cream month.
Grace Reader
Why More Baby Boomers Are Looking to Franchise

Why More Baby Boomers Are Looking to Franchise

Twenty-two percent of boomers have less than $100,000 of retirement savings.
David Nilssen
Why This Auto Repair Franchise Expanded to Nigeria

Why This Auto Repair Franchise Expanded to Nigeria

An automotive repair franchise takes the leap.
Tracy Stapp Herold
Travel Agencies Are Seeing a Boom -- and This Franchise Knows Why

Travel Agencies Are Seeing a Boom -- and This Franchise Knows Why

Learn how Rob Steinfeld and Dean Hanson set up a franchise and joined the unexpected travel boom.

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

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

100 franchises for under $60,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012